The price is at a key point at this time of the day, since it is just about to break the downward trend, which would mean that long positions would be favorable. If the price level turns down from the trend line we will remain in the downward trend and immediate short positions would be recommended.
Commentaire:
Brent Crude Oil turned down from the trend line, so it kept itself in the downward trend.
Commentaire:
2 hours later the price broke the downward trend from now on long positions are favorable.