deepanshu422

Brent crude can slide further

Short
TVC:UKOIL   CFDs on Brent Crude Oil
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.