Short
BRENT SHORT @49.82 TGT 48.07/45.08
Looks like cycle lows can be reached between 9-17 June.
Last weeks' accumulation @ 49-50 suggests a directional move early next week. OPEC has decided to leave things as they are on Thursday and Friday's USD "crash" couldn't help oil reach higher highs.
Maybe Monday's Asian markets correction and Yellen's speech will please oil bears then?
I've shorted @49.82
SL @50.50
TGT1 @48.07
TGT2 @45.08
Last weeks' accumulation @ 49-50 suggests a directional move early next week. OPEC has decided to leave things as they are on Thursday and Friday's USD "crash" couldn't help oil reach higher highs.
Maybe Monday's Asian markets correction and Yellen's speech will please oil bears then?
I've shorted @49.82
SL @50.50
TGT1 @48.07
TGT2 @45.08
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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.