Short Term Outlook of Brent Crude Oil (20-DECEMBER-2020)
An upside breakout of ascending triangle in the direction of prior trend, has been signaled by a penetration of the upper trendline on 17-Dec-2020.
The short term price target (USD54.84) is measured from the height of vertical line at the widest part of the pattern and extrapolated that distance from breakout point.
The target coincides with the earlier flag pattern target price (3-Dec-2020) which confluences with 61.8% extension.
Please take note that this analysis is meant for educational purpose only.
The short term price target (USD54.84) is measured from the height of vertical line at the widest part of the pattern and extrapolated that distance from breakout point.
The target coincides with the earlier flag pattern target price (3-Dec-2020) which confluences with 61.8% extension.
Please take note that this analysis is meant for educational purpose only.
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.
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.