mateka
Short

Brent Crude Oil - Downward trend seems to enter range

TVC:UKOIL   Brent Crude Oil
Brent Crude Oil             seems to keep the downward trend for today, as long as the price do not break the downward trend short positions are favorable. I noted a price range between $52.00 and $51.40 price levels where the price was sidling before, therefore I would expect a moderate movement within that price range. If the downward trend breaks then we will have a double confirmation for the long positions up until the $52.70 resistance level .
Trade active: A the price broke above the downward trendline, long positions are suggested. It might happen that the $52.70 resistance level will stop the upward price movement.
Comment: As it was proposed in the previous comments the $52.70 resistance line stopped the upward trend.
English (UK)
English
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out