Brent oil – Downward channel on 4-hour chart

TVC:UKOIL   CFDs on Brent Crude Oil
Despite Brent’s recovery from the low of $49.63 to $50.64, the outlook remains bullish given the falling channel is intact on the 4-hr chart.

The rejection at 5-DMA of $50.80 followed by a break below $50.20 (Oct 25 low) would open doors for a test of falling channel support.

Bearish invalidation is seen only if prices breach falling channel on the higher side.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out