UKOIL (Brent crude). Between the hammer and anvil

Crude Oil (Brent)FXCM

Description

⋅ Jul 11, 2016 8:11 AM

Monthly chart.
The midline of the downtrend rejected the price advance in June.
The 1990 top area and 2008 low area have the potential of support.

The game now is within 38-53 range.

Comments

iamajeya

⋅ Jul 11, 2016 8:16 AM

The hammer usually beats it down to the Anvil, sometimes even lower.