BRENT Faces Resistance at 1M PP, Downside Looms
Hello,
BRENT has encountered resistance once again at the 1M pivot point (PP) and is now moving to test the 1W PP. Previous low points at 68.675 and 70.720 have historically provided support, but further downside appears likely unless the price can establish strong support above the 1M PP in the future. In recent weeks, there were attempts to shift toward a more bullish outlook, but these efforts have been partially thwarted by the 1M PP acting as a persistent barrier. Patience is key, as upside potential remains on the horizon!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BRENT has encountered resistance once again at the 1M pivot point (PP) and is now moving to test the 1W PP. Previous low points at 68.675 and 70.720 have historically provided support, but further downside appears likely unless the price can establish strong support above the 1M PP in the future. In recent weeks, there were attempts to shift toward a more bullish outlook, but these efforts have been partially thwarted by the 1M PP acting as a persistent barrier. Patience is key, as upside potential remains on the horizon!No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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