Thursday 22 November 2018

Brent Crude: $62.42 is the magic cloud chart number!

Brent Crude: $62.42 is the magic cloud chart number!

Brent crude is at a critical support level at the bottom end support zone on the weekly cloud chart. If support holds at this level we should see a rebound from the $62.41 support zone!




Price action still below the daily cloud chart resistance zone! There is potential for a recovery rally back up to the bottom end of the daily cloud resistance zone!

Downside risk towards 57.82 zone if support fails!

No comments:

Post a Comment