AkhilSuryaFS

Brent Crude | Rising Channel | Retesting prior High

TVC:UKOIL   CFDs on Brent Crude Oil
Brent, after breaking through prior high of 66.7 has now pulled back towards the same area. This move could just be a retest of that level and it wouldn't be a surprise if price appreciates from now. Hence long trades are preferable with tight stop below 66; because below which the price could fall to 64 or to the bottom of the Rising channel . On the upside, do notice a significant trendline .



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Good explanation, educational, thanks
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