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If the purple support line breaks, my short targets for crude oil are $50 & $44. This analysis is based on a pattern we've seen
three previous times in MOEX:BR1! before.
Brent Oil Futures Long
Brent recently has reached a strong support line near 57. As in the last time I expect to see a reversal pattern and we can seize this moment!
Risk Reward ratio is 2.4
Autumn Equinox Winter Solstice 19 price time levels for Brent
Brent finding some support around the $60'ish level. We are currently seeing a successful retest of the channel and new breakout.
Brent has been trading in a downward channel for a little while now. Will it test the top of the range and continue going lower? Or will we see a bullish breakout?
Keep it simple!
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Although price is moving down we can see the powerful and historical support zone which indicates that we may see the new bullish attitude of the price
#Brent had a nasty little reversal after failing to breakout form the channel.
Crude 30 Min