VIP_Trading_Technologies

SHORT ALL IN : Brent 6844.

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
I'm planning to take a huge position at 68.44, SL 68.60 and TP 57.25. If SL triggered then will re-evaluate Brent movement but I see next major resistance at 69.64, followed by 72.78~. That should be the top taking into account the enormous money injection from money managers due to Aramco IPO (supported by Saudi Arabia).

Above that could overshoot OPEC efforts and hit hardly on the demand.

My 2 cents.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.