Brent $ spot: a temporary correction on the horizon?
An overbought BEARISH bias is applicable below 61.22.
Trade setup probability: -44%. Target: 60.21. Stop-loss: 61.60.
The lack of downside price momentum remains a concern to the bearish trend. RSI is at 80 – extremely overbought.
A price action above 61.65 increases the likelihood of a sudden temporary correction.
Trade setup probability: -44%. Target: 60.21. Stop-loss: 61.60.
The lack of downside price momentum remains a concern to the bearish trend. RSI is at 80 – extremely overbought.
A price action above 61.65 increases the likelihood of a sudden temporary correction.