BRENT Crude Oil opened with a bullish gap yesterday after the weekend, but it managed to cover it during the trading day and to revert back in long direction, although not managing to reach the levels of yesterday's open.
The Upper and the Lower Band of the Bollinger Bands are moving closer together, which is an indicator that the BRENT had lost some of it's initial volatility, which may present a good point of entry due to shrinking spread. The 9 day Moving Average has crossed the 20 day Moving average, and the histogram of the MACD is increasing, which is an indicator for bullish traders to enter.
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The Upper and the Lower Band of the Bollinger Bands are moving closer together, which is an indicator that the BRENT had lost some of it's initial volatility, which may present a good point of entry due to shrinking spread. The 9 day Moving Average has crossed the 20 day Moving average, and the histogram of the MACD is increasing, which is an indicator for bullish traders to enter.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.