Laz

Brent Crude: major breakdown from triangle

Short
FX:UKOIL   CFDs on Crude Oil (Brent)
1
The Brent Oil's price has broken the triangle pattern which has contained the price for more than half a year. There was a couple of failed attempts on both sides previously but this one has broken the horizontal support at 105.45 as well. Look for a sell signal on a weak bounce-back testing the horizontal support...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.