Short Brent Crude : 1. RSI & MACD Divergence 2. At 200 DMA - 44.50 Short now with Stop loss 46.20 for targets of 35 in coming 5-6 weeks !!
We are now in the trend transition term. The bull is still strong, but bear is growing. The MACD goes bearish cross but price is still above SMA(12). I am still waiting confirmation for going bearish. Target 1: 63.8 If 63 breaks, Target 2: 60.29