Brent crude plummeted after forming a tight flat flag near $72. A violent breakdown followed, pushing price to $63.71 with strong bearish candles. RSI near 27 suggests extreme conditions, but momentum still favors sellers. As long as $68.59 (previous support) is not reclaimed, the focus shifts toward $61.74 and $59.91 Fibonacci extensions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.