⚡️Strifor || BRENT-11/01/2024
Updated
Preferred direction: Neutral
Comment: There is no particularly interesting situation in the medium term for oil yet, but we can say that there are still more signs of sell. After all, the instrument is in a downward global trend. The current accumulation after a small downward impulse is filled with purchases (long-orders), that is, there is a resource for moving down.
As a target, we can consider the support level of 72.36, which is the minimum of the previous year. Regarding the longer term, most likely we will see updates to this low in 2023, and then an attempt to recover above this level.
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Comment: There is no particularly interesting situation in the medium term for oil yet, but we can say that there are still more signs of sell. After all, the instrument is in a downward global trend. The current accumulation after a small downward impulse is filled with purchases (long-orders), that is, there is a resource for moving down.
As a target, we can consider the support level of 72.36, which is the minimum of the previous year. Regarding the longer term, most likely we will see updates to this low in 2023, and then an attempt to recover above this level.
Thank you for like and share your views!
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Note
⚡️New US CPI's ideas for EURUSD, GBPUSD, GOLD⚡️ 
Note
✅The trade was moved to breakeven + partial profit taking✅
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