Ice Brent Crude Oil Spot prices for April with my major concer.
Ice Brent Crude Oil Spot prices for April 2024 as follow:
First new support =
$90.71
$91.14
$92.95. watch for trap from here: I have a concern in this area as data been manipulated during 2nd week December 2023 and this may create a bearish neck $ shoulder pattern as the formula is telling me this!
If we pass the red flag area, then expect the next price = $99.00
Since incorrect data has been found it is best to have the above confirmed first before we can breakdown the remaining data for 2024 x right price.
First new support =
$90.71
$91.14
$92.95. watch for trap from here: I have a concern in this area as data been manipulated during 2nd week December 2023 and this may create a bearish neck $ shoulder pattern as the formula is telling me this!
If we pass the red flag area, then expect the next price = $99.00
Since incorrect data has been found it is best to have the above confirmed first before we can breakdown the remaining data for 2024 x right price.
New Support : $93.617
Retest must hold within the key level of $91.837
Then Expect:
Distribution price: $96.629