Quick idea.
Brent oil still has a bit of room for a further move lower. But the downside may get limited near the upside line. If it holds, the bulls could return into the field and attack again. If that upside line fails to withstand the pressure, this could result in further declines.
Please see the chart for details.
Don't forget your stop-loss.
Brent oil still has a bit of room for a further move lower. But the downside may get limited near the upside line. If it holds, the bulls could return into the field and attack again. If that upside line fails to withstand the pressure, this could result in further declines.
Please see the chart for details.
Don't forget your stop-loss.
Note
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Disclaimer
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.