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Brent Crude Oil Breaks Key Support

Long
CFDs on Brent Crude Oil (TVC:UKOIL)  
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TVC:UKOIL   CFDs on Brent Crude Oil
Trend Analysis Support and Resistance Pivot Points Oil Crude Oil Brent brent brentoil brentcrudeoil 50sma Crude Oil roundnumber
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trendanalysis supportandresistance pivotpoints oil ukoil brent brentoil brentcrudeoil 50sma crudeoil roundnumber
Last post: June 5th. See chart.

Review: Price was being propped up by a pivot support zone and the daily 50sma.

Update: Price has broken through support with an aggressive bearish bar on Friday.

Conclusion: Price is within a support zone that we want to see hold strong. Any further weakness and we will look to cut out of our long trade.

Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!

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