Brent Outlook: Key Levels for Downside or Bullish Reversal
Hello,
BRENT is likely to face more downside if the 1D PP acts as resistance again. In that case, the price may revisit previous lows at 70.754 and 68.675. A break and sustained move below these levels will confirm further downside. However, a break and hold above the 1M PP could signal a bullish reversal and open the door to further upside.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BRENT is likely to face more downside if the 1D PP acts as resistance again. In that case, the price may revisit previous lows at 70.754 and 68.675. A break and sustained move below these levels will confirm further downside. However, a break and hold above the 1M PP could signal a bullish reversal and open the door to further upside.No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.