Bullish in Brent oil price
As we can see in Weekly chart, the price is in creating ABCD pattern.
In Daily, The price in moving to 5th wave before later on will make correction at 52.27.
In hourly chart, the price making the flag pattern showing the bullish is strong.
With a vaccine news coming around the world, oil price can be shown as strong signal the price will go higher again to test 60 later after correction.
In Daily, The price in moving to 5th wave before later on will make correction at 52.27.
In hourly chart, the price making the flag pattern showing the bullish is strong.
With a vaccine news coming around the world, oil price can be shown as strong signal the price will go higher again to test 60 later after correction.
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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.