Short Brent (UKOIL) from 52.5 Short

Crude Oil (Brent)FXCM

Description

⋅ Jul 2, 2016 10:54 AM

Expected downward correction of Brent from Red resistance line. In case of crossing that line there is more strong resistance - Rose dotted line of multiyear uptrend. So there are two good entry points - 52.2 and 55.9 if Brent goes higher than 52.2.