darryl11

Brent running out of steam?

FX:UKOIL   CFDs on Crude Oil (Brent)
53 0 2
Still in the bullish up channel but Stochastics and macd starting to waver here, if we don't take out the high at 50.48 and break the lower trend line , it brings the lower ma's into play around 48.00
Comment: mini trend line broken, still need to see further development on the technicals to confirm lower, but could well target 48.40/47.65
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