On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop form the sell entry at 93.533, which is in line with the 38.2% fibonacci retracement to the take profit at 83.911, where the swing low is. Alternatively, the price may rise to the stop loss at 96.352, which is in line with the overlap...
Hi traders, here's Brent crude analysis for the following trading week.
Oil is still trading in a well-defined long-term uptrend on the daily chart and completed a price correction the previous week, forming a quite bullish daily close on Friday. This signals that sellers are rejecting lower prices at the moment.
The 1-hour chart shows a possible ascending...
