A small range trading last week, the low side 45.15 lower than 45.50 what we expected last week. But weekly closed was in our predicted range. After 2016/06/09 created a 10 months high price-from 2015/10/13 to 2016/07/22 at 52.83 per bbl
(The highest price of 2016), for one and half month, the current Brent Crude Price is forming a triangle correction. Current price under 5 days, 10 days, 20 days, 50 days moving average. MT50>MA20 > MA10>MA5. The fourth time Price test 300 MA(Low). Correction target sound like aim at 45.10 (Almost reach) to 44
.25. Let's keep observe that if 45.10 to 44
.25 can get support or not. If not, then price will test 42.50 to 43.00. We are planning to enter our long position. for the above price reach. Our stop loss price will set around 200 MA=around 42.