Brent Crude Oil - Downward trend seems to enter range

TVC:UKOIL   CFDs on 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.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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