Brent crude- Wait for the bounce! Resistance Confluence
Updated
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
Note
Looks like sellers came in earlier at 84.50 R. Might still get a rally up to broken trendline but maybe entry too conservative
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Market Analyst at WeTrade
wetradebroker.com/education/analysis/jasper/
Contributor to SpreadEx
spreadex.com/financials/news-analysis/weekly-technical-analysis/
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