Brent Crude Oil - Downward trend seems to enter range

4 thg 9, 2017

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.

4 thg 9, 2017

Giao dịch đang hoạt động

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.

4 thg 9, 2017

Ghi chú

As it was proposed in the previous comments the $52.70 resistance line stopped the upward trend.