Friday 9 November 2018

Brent Crude: Downside risk to $66, old cloud chart support zone!

Brent Crude: Downside risk to $66, old cloud chart support zone!

Brent crude is fighting hard to regain support at the top end of the weekly cloud level of $72! Potential rebound zone the cloud chart level!




On the daily chart Brent lost support at top end cloud chart support zone, and now trading below the cloud. Price action below the cloud chart level is bearish. There is downside risk to old cloud support level of $66!



When support comes in between 66/71, there is a swing trade possible back up to the bottom end cloud resistance zone!


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