Brent crude- Wait for the bounce! Resistance Confluence Short

Brent Crude OilOANDA

Description

⋅ Nov 21, 2023 9:45 AM

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

⋅ Dec 4, 2023 7:38 AM

Looks like sellers came in earlier at 84.50 R.
Might still get a rally up to broken trendline but maybe entry too conservative