Brent Crude Oil Daily
Brent Crude is resisting what I believe to be the inevitable. Oil has been bearish since it's decline started in Oct of 18". A descending triangle pattern was formed since then. And just before the Saudi attack, we got an inside day bar. Now, its formed a symmetrical triangle. Which is a continuation pattern based off the overall trend. So any break below or around the 58.20 area should yield oil to make a nice run down.
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.
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.