Quick idea.
Brent oil spiked overnight, but remained below the 68.40 barrier. Now the bulls are trying to push the price above that barrier, as concerns over the global oil supply have increased, due US air strikes.
From the technical side, if we see at least a 4-hour candle close above that 68.40 barrier, this may attract more buyers into the game.
Please see the chart for levels and targets.
Don't forget your stop-loss.
Brent oil spiked overnight, but remained below the 68.40 barrier. Now the bulls are trying to push the price above that barrier, as concerns over the global oil supply have increased, due US air strikes.
From the technical side, if we see at least a 4-hour candle close above that 68.40 barrier, this may attract more buyers into the game.
Please see the chart for levels and targets.
Don't forget your stop-loss.
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