Oil prices analysisOil is in complicated situation. During second week of the March it broke the 200 EMA support without resistance. Next weekly pivot is on 64.00. Traders might be looking for short on fundamentals to the 40.00 level. But given my expertise about Oil fundamentals this trade would not work. So i'll say
Key stats
Volume
—
Current contract
BRJ2023
Contract size
10BLL
BR1! - Possible to reach TP96 Bull Up condition :
1) BRENT candlestick has BO Level-2 of Raising Stage (E), next target going to be 96.55 (Level-3)
2) Tricol+ indicator - Banker's sentiment (red) above 75%, still in bullish trend
Support & Resistance:
S : 89.37 (-1.81%)
R : 96.55 (+6.08%)
Remark:
- length of AB=CD=DE=EF
Brent Oil Commodity USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutua
Brent Oil commodity Europe Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutua
See all ideas