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Mihai_Iacob

Bret Oil- towards 35-36 zone?

Long
CFDs on Brent Crude Oil (TVC:UKOIL)  
Mihai_Iacob  
TVC:UKOIL   CFDs on Brent Crude Oil
Trend Analysis Chart Patterns Technical Indicators bretoil WTI bret wticrude wticrudeoil wtioil
11
3
trendanalysis chartpattern indicator bretoil wti bret wticrude wticrudeoil wtioil
While WTI OIL is making new lows, Bret OIL stopped its descend and is consolidating in the 28 old resistance area.
I believe next week will be one of gains for both WTI and Bret and I'm looking to buy Bret OIL for a retest of 35-36 resistance.
Also, a buy trade can have a comfortable 1:3 risk: reward ratio.
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