Brent Crude Outlook

Brent Crude Seems to have entered an upper range consolidation and might Move in the same range for few weeks. Bulls have definitely lost momentum this time and might head to Accumulation considering the highly over bought nature of crude. The Non stop rally has however disappointed the Bears which will try their level best to bring crude down on any break in short term Support levels. However i am of strong view that the stance on Brent is Neutral for weeks Ahead.

Thanks
Dr Idrees Arafath

Comment:

Brent Crude Enters Yet Another Congestion Zone