Cyrogx6

BRENT - YET FOR A STRONG DEMAND

Short
TVC:UKOIL   CFDs on Brent Crude Oil
WEEKLY

Oil is yet to be broken out from its major downtrend, Though Brent is retesting its weekly EMA200 with a slight price rejection
No projection here on where the Brent will go. As news on OPEC is still going strong but no real demand of Brent yet !

If we see a price rejection, Brent might fall and retest Fib Retracement on 0.78 points

Watching this closely if Brent is able to sustain the Psychological 50usd support

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