saggi26n

Brent oil at very crucial support

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
On weekly basis, brent oil is near ichimoku cloud and also TL support. On daily basis it is below Ichimoku cloud. If support of 70 is broken, it may fall down to 63-64 area which is next TL support and Fib 61.8 support. Overall oil will remain bearish unless some positive news comes out.
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