BRENT: CRUDE OIL
Brent had a long and good bullish run but the trend reversed. All the turmoil that drove the price up has passed.
(bear in mind OIL prices can be changed in a minute with one Trump tweet).
Consider the analysis: Trendline has already been broken and we're dancing around 0.5 FIB level.
Bearish trend is freshly formed and I would keep my short position for about 10 days.
Stop loss: 74.00
Take profit: 62.00
(bear in mind OIL prices can be changed in a minute with one Trump tweet).
Consider the analysis: Trendline has already been broken and we're dancing around 0.5 FIB level.
Bearish trend is freshly formed and I would keep my short position for about 10 days.
Stop loss: 74.00
Take profit: 62.00
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