Brent oil at very crucial support

9 thg 11, 2018

On weekly basis, brent oil is near ichimoku cloud and also TL support. On daily basis it is below Ichimoku cloud. If support of 70 is broken, it may fall down to 63-64 area which is next TL support and Fib 61.8 support. Overall oil will remain bearish unless some positive news comes out.