After a 2 month consolidation and accumulation
phase (04may-11Jul) and also after breaking various
bearish trendlines since the Mar 2022 top Brent Oil
has broken upwards to $81.49 this week.
I believe Brent Oil will retest the support area around
$77-78 over the next week or 2.
I'll be looking for entries in the $78 price area
for a long to $86-88 region.
Stay tuned for updates to this chart over the coming weeks!
phase (04may-11Jul) and also after breaking various
bearish trendlines since the Mar 2022 top Brent Oil
has broken upwards to $81.49 this week.
I believe Brent Oil will retest the support area around
$77-78 over the next week or 2.
I'll be looking for entries in the $78 price area
for a long to $86-88 region.
Stay tuned for updates to this chart over the coming weeks!
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