Brent crude oil looks to have made the 1st leg lower in a new long term downtrend
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
Note
Looks like sellers came in earlier at 84.50 R. Might still get a rally up to broken trendline but maybe entry too conservative
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Market Analyst for:
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spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
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.