BRENT CRUDE OIL 1D-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for OIL
My idea is that the oil will goes lower
I hope my idea is clear
Support me by like and share
Good luck 💰💯
We have good pattern to sell BCO.
1 - we have good sell impulse movement 25 february
2 - we have good correction with 6 higher highs.
3 - we have good flat from 27.02 to 1.03
One problem - today is friday so you can catch gap at monday. But position to sell is my prefered.
So lets try to catch profit right now.
Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud!
We recommend selling now
Entry price: 61.45
Stop Loss: 63
Take Profit: 58.75
The big picture is still looking pretty bullish
Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ...
But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?!
How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD
Why ??? Let me shortly...