Wednesday 6 July 2022

Brent Crude Down +15% since the Cloud Chart Sell signal at 118! Next key support zone 96.77!

Brent Crude Down +15% since the Cloud Chart Sell signal at 118! Next key support zone 96.77! Brent crude failed to maintain support at the bottom end of the cloud level of 111.44! Brent is down more than 15% since the cloud chart sell signal above the cloud and this level was also close to the front cloud resistance zone of 118! Next key support zones to be tested is around the 96.77 level! Price action below the cloud is bearish!

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