Trade of the Day Brent Oil

BRENT Oil is breaking above the resistance zone

 

Brent Oil is testing the resistance 71 for the upside continuation. A confirmed break above this level is also a long-term falling trend line resistance breakout. A break below 70 again would lead to a deeper reversal. As long as the Brent Oil is above 65 the uptrend is valid and you should target 85. 

Note – Look for the long trade entries with the stop loss below 69

 

 

Brent Oil price action trading analysis

 

 

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