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jasperlawler

Brent crude- Wait for the bounce! Resistance Confluence

Short
Brent Crude Oil (OANDA:BCOUSD)  
jasperlawler Updated   
OANDA:BCOUSD   Brent Crude Oil
Support and Resistance Triangle Oil brent brentoil BCOUSD
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supportandresistance triangle oil brent brentoil bcousd
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
Comment:
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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