Technical Analysis by PenguinDad
Technical Analysis - Brent Crude Oil on 13/02/2018
PenguinDad
Publish date: Tue, 13 Feb 2018, 09:51 AM
PenguinDad
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The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
The content published is solely for information and personal use only. It should not be construed to be, any advice, recommendation, offer or invitation to buy or sell any securities, futures contracts or any other instrument. Readers should seek independent advice from their own professional advisers (including legal, tax, financial and accounting) as to the risks and merits before entering into any transaction pursuant to or in reliance on any information here.
Brent Oil touch the resistance level of USD70 and starts to the correction. Likely that correction is coming to the end.
Brent Oil (3 Years Chart)
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Be the first to like this. Showing 4 of 4 comments
Blue line is a supporting and unless it break the line but can see it have stop there. Likely the correction is over if the price move above blue line.
2018-02-13 13:23
When decline and will always start to search for bottom or support and if market sentiment positive than will rebound.
2018-02-13 13:25
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Beza
downward trend.
2018-02-13 10:37