mateka
Long

Update on the Brent Crude Murray Math lines (Support/Resistance)

TVC:UKOIL   CFDs on Brent Crude Oil
Brent Crude performed a massive increase in the past couple of days. The previous analysis is still valid, long positions are favorable as long as the price does not break the upward trend. The chart was updated with the different Murray Math price levels, which fits very well the price movements. I think that Brent Crude will rise further since the refineries along the Gulf Coast slowly resume normal operations.

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