H&S forming. Good R/R putting right shoulder as SL Short

Brent Crude Oil FuturesMOEX

Description

⋅ Dec 12, 2021 6:38 AM

Hike in interest rate = Dollar Strengthen = Commodities Weaken.

With Omicron Virus, with U.S. to sell 18 million bbls of oil from reserve on Dec 17 (Extra supply), we may see more downside for Brent.