fnassir
Short

oil Brent reached 200 days EMA and complete ABCD pattern

FX:UKOIL   Crude Oil (Brent)
fundamentally with oil             prices recovering from its lows and oil             suppliers looking to increase market shares "news linked below" and technically reaching 200 days moving average, so a pressure on oil             prices expected.
we can see from the chart that a bearish ABCD pattern have formed and i have insert price target in between 38.2%-61.8% Fibonacci retracement first 60 and second 54.5.
we reached first target about a month ago and broke it today waiting for Iran nuclear deal and sanctions news to see if we reach 2nd target at 54.5
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