After a 2 month consolidation and accumulation
phase (04may-11Jul) and also after breaking various
bearish trendlines since the Mar 2022 top Brent Oil
has broken upwards to $81.49 this week.
I believe Brent Oil will retest the support area around
$77-78 over the next week or 2.
I'll be looking for entries in the $78 price area
for a long to $86-88 region.
Stay tuned for updates to this chart over the coming weeks!
phase (04may-11Jul) and also after breaking various
bearish trendlines since the Mar 2022 top Brent Oil
has broken upwards to $81.49 this week.
I believe Brent Oil will retest the support area around
$77-78 over the next week or 2.
I'll be looking for entries in the $78 price area
for a long to $86-88 region.
Stay tuned for updates to this chart over the coming weeks!
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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.