Timonrosso

Brent tanking soon

Short
ICEEUR:BRN1!   Brent Crude Futures
Brent is in a predominant falling wedge channel.
As I have mentioned this week, channels are always stronger than breakout patterns.
So we need the price to break below or above a certain level, before the price stops meandering...
The first target is to the top of the channel at $97 then down to $88 (channel).
If the price breaks below the channel then we could see a target of $67.65
I am bearish with Brent STILL.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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