Brent Oil was completely moving based on the previous analysis that I've shared here (See this and this). As long as
OIL_BRENT
's in under $108.7, the sellers have the momentum to decrease the price toward $103 support. In the case of any break-up for $108.7 resistance, the analysis would be failed and we should wait for a pullback to the broken area. However, for now, sellers can have the momentum till April 22nd, based on the Fibonacci time ratios of the previous sell-offs.
OIL_BRENT
's in under $108.7, the sellers have the momentum to decrease the price toward $103 support. In the case of any break-up for $108.7 resistance, the analysis would be failed and we should wait for a pullback to the broken area. However, for now, sellers can have the momentum till April 22nd, based on the Fibonacci time ratios of the previous sell-offs.