Get started
jasperlawler

Brent crude oil: bearish engulfing candle at MA resistance

Short
CFDs on Brent Crude Oil (TVC:UKOIL)  
jasperlawler  
TVC:UKOIL   CFDs on Brent Crude Oil
Trend Analysis Support and Resistance Candlestick Analysis brent brentcrude
2
0
trendanalysis supportandresistance candlestick brent brentcrude
A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone

Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart
Scenario B) Follow 4hr trend lower as price breaks below 73
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.