mmo7534
Long

USDBRO BRENT OIL PROJECTION

FX_IDC:USDBRO   U.S. DOLLAR / BRENT CRUDE OIL
Price action strategy for Brent. It is highy probable for a bottom to be formed in the green triangle .
Great idea and glad that we have the same bullish view! Prices have been hovering around the support from Feb 2017. MACD indicator recently made a bullish cross over and weekly close last week were rather bullish. RSI have been oversold for quite awhile and fundamentally, the strong draw of 10M barrels have given us confidence in our bullish bias. The price target level would be at 70.50 which is a nice overlap resistance level. Please take a look at our idea and let us know what you think.

Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers