🔸Today let's review the 1 hour chart for brent oil . Previously strong downtrend in
progress entire 2023 so outlook remains bearish until we can daily close above 80 usd.
🔸OPEC production cuts have low impact on prices recently due to lower global
demand. Technically, we are in a distribution pattern setup since May 2023 and expecting
breakdown and new/fresh lows...
In todays trading session i will be looking for Buy Oil , If it makes any dip it will be better to increase volume, Trade idea based on Prev day closing , it is very good sign of taking Buy Risk now .
anyways , best of Luck . Take Risk affordable !
