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BrucePowersCMT BrucePowersCMT UKOIL, W, Short ,
UKOIL: Brent Crude support zones highlighted
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UKOIL, W Short
Brent Crude support zones highlighted

Brent crude may be about to drop through its current support zone that ends at $79.35, derived from multiple Fibonacci confluence. If that happens then a continuation of the decline to the next support zone, starting around 71.03, becomes likely. Alternatively, an intraday reversal above $79.35, could see a rally from the current support zone. Note that the ...

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