Pull Up condition :
1) BRENT has BO Level-1 and expecting to reach Level-2 of Raising Stage (F) at 89.37+/-
2) Tricol+ indicator - Banker's sentiment (red) reach above 75%, trapped fund (turquoise) has gone.
Support & Resistance:
S : 82.56 (Level-1) (-2.76%)
R : 89.37 (Level-2) (+5.27%)
Opinion above is solely for the purpose of education/case...
oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green
Brent oil finally reached a major strong weekly resistance.
On that, the price has formed a h&s formation and just broke below its neckline.
Taking into consideration the overbought market, chances are high that the price will go much lower.
Goals - 53.15 / 51.0
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