ForecastCity

Don't miss the great sell opportunity in Brent

Short
CURRENCYCOM:OIL_BRENT   Brent Oil
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (42.80). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Brent is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 39.70
TP2= @ 38.65
TP3= @ 37.10
TP4= @ 34.10
TP5= @ 32.30

SL: Break Above R3

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Comments

I got a huge profit from this forecast
+3 Reply
ForecastCity Mehmetozdemi
@Mehmetozdemi, That's great to hear. Thanks for your comment.
Reply
Nice thorough Analysis :)
+1 Reply
ForecastCity sara-kian-fx
@sara-kian-fx, Thanks. We hope you enjoy it. 💙
Reply
Great Strategy showing green so far :)
+1 Reply
@mhashem6, Thanks 🙏 We appreciate your support.
Reply
Amazing stuff as usual.
+1 Reply
ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for following us. 🙏
Reply
Thanks for sharing ur ideas
I'm from India 🇮🇳 and here is centuries old saying that if u do good to some then goodness will return to u
U r sharing good things and helping others
Definitely good things will return to u
+1 Reply
ForecastCity Wahyguru1469
@Wahyguru1469, We're glad you liked it. Thanks for your comment. 🙏
Reply
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