Brent oil udergoes trend transition term

١٤ مايو ٢٠١٥

We are now in the trend transition term. The bull is still strong, but bear is growing. The MACD goes bearish cross but price is still above SMA(12). I am still waiting confirmation for going bearish.

Target 1: 63.8

If 63 breaks,
Target 2: 60.29