Brent oil – bearish break from falling wedge

FX:UKOIL   CFDs on Crude Oil (Brent)
Brent’s bearish break from falling wedge pattern seen in the daily chart confirms a trend reversal and opens doors for a test of 200-DMA             of $42.233 levels.

However, a major breakout is usually followed by exhaustion and a re-test of selling interest around the breakout level.

Hence, we may see Brent peep above the breakout level of $45.08. A failure to take out to do so/take out $45.08 followed by a drop below Asian session low of $44.67 could yield a move to $42.33 ( 200-DMA             ).

Bearish invalidation is seen only if prices move back inside falling wedge on daily closing basis.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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