Taiwomegbope
Short

Potential Resistance in Brent around $53.50

ICEEUR:CB1!   Brent Crude Oil
36 0 2
ICEEUR:CB1!            

Expecting a minor rally in the coming day to test the $53.50 price level. If a significant bearish candlestick formation shows up afterwards or we see such a rally that leaves the commodity's price trading far away from its mean, we could very likely see a retracement of the bull trend which commenced at the end of January 2016.
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