Brent Outlook: Key Levels for Downside or Bullish Reversal
Hello,
BRENT is likely to face more downside if the 1D PP acts as resistance again. In that case, the price may revisit previous lows at 70.754 and 68.675. A break and sustained move below these levels will confirm further downside. However, a break and hold above the 1M PP could signal a bullish reversal and open the door to further upside.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BRENT is likely to face more downside if the 1D PP acts as resistance again. In that case, the price may revisit previous lows at 70.754 and 68.675. A break and sustained move below these levels will confirm further downside. However, a break and hold above the 1M PP could signal a bullish reversal and open the door to further upside.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.