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ex_rico
Feb 29, 2024 12:06 PM

BRENT - Interesting sell zone! Short

Brent Crude OilBlackBull Markets

Description

Hello everyone!

The plan is still in effect; I've taken a second entry!

- Here's my view on BRENT:

- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.

Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious.

That's why I see BRENT drop in the zone and bumping!

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