theselfishtrader
Long

Brent - Bullish Trend Continuation Opportunity?

TVC:UKOIL   CFDs on Brent Crude Oil
Price has generally been consolidating and recently broke out to new highs, before falling back into the range.
Support around the $54.60 - $55 dollar range is holding. This area looks reasonably strong, and has confluence with the 61.8% Fibonacci level.
With an inside bar forming at support, a breakout trade is on the cards.
As we are still in an uptrend, I am favouring a move higher.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out