Get started
deepanshu422

Brent crude can slide further

Short
CFDs on Brent Crude Oil (TVC:UKOIL)  
deepanshu422  
TVC:UKOIL   CFDs on Brent Crude Oil
Trend Analysis Chart Patterns Technical Indicators brentcrude Crude Oil Energy Commodities
0
0
trendanalysis chartpattern indicator brentcrude crudeoil energy
As per chart Brent crude can side further. On 4 hour chart it is trading and forming triangle like pattern.
Our expectation is that can slide till 58.70.
Momentum Indicator RSI trade side ways around mid level of 50.
Price action wise larger bearish candle can also suggest traders involvement going downside.

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.