In this video update, we take a look at a swing trading opportunity on Brent Crude Oil. The Weekly chart suggests we should be looking to buy the commodity with resistance back up at the weekly highs of 76.00. The 4hr timeframe has re-tested highs and if price forms a bullish breakout of the CTL we can look for long trades.
I follow your video analysis and I find it pretty informative and very well reasoned. Of course we are predicting the outcome of best minds planning and variations will be there, still most of the time your are on money. I too feel market trend is still bullish, this pull back was fueling up for upward journey. Inventory opportunity was cashed to dip market down suddenly. I do not go into technicals too much rather like to follow price action and some charting. Thanks once again for this update. Have a great week.
BlueberryMarkets
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@J.P.S., Thanks for the feedback, really appreciate that!
I was looking for the inventories to give us a boost with this one, unfortunately, it went the other way.