FXBen
Short

BRENT OIL SHORT

FX:UKOIL   Crude Oil (Brent)
Clear and simple reading of price action here. Double top forming at $54 before making a lower high showing buyers are running out of momentum. After 2 tests of $46.30 we have now broken below and the Daily looks very likely to close below. Providing we don't get a freak spike we will be going short here.

This also runs inline with the Dollar strength we are having and looks like continuing which will help drive this pair lower.

Targeting the $43 lows and potential to run lower
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out