Calumjk

Brent Pullback, Sellers to Take over?

Short
TVC:UKOIL   CFDs on Brent Crude Oil
Last week we saw brent oil break the 50% retracement level from the free fall in price from over supply and lack of demand from the corona virus at the start of the year.

This week we have seen a pullback edging to this retracement level, will the bulls continue to prop the market up or has momentum finally ran out? With fundamental data showing a gloomy economic forecast and coronavirus cases starting to rise is this the moment we see large selling within the market?

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