Brent's Short Term WayWe expect Brent's move for this week is upwards. As Brent is a volatile product, we use lower leverage than our usual.
Entry: 65.2
Stop-Loss: 64
Target: 67.6
Have a nice week! Follow for more.
Bcolong
BCOUSD approaching resistance, potential drop! BCOUSD is approaching our first resistance at 68.737 where we might see a corresponding drop in price to our first support at 66.345.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
BCO approaching support, potential bounce! BCO is approaching our first support at at 58.978 (horizontal swing low support,100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 60.805 (50% Fiboancci retracement, 61.8% Fibonacci extension).
RSI (21) is also approaching our support where we might see a corresponding bounce in price above this level.
