Brent Crude OilShort
BCOUSD Approaching Support!
BCOUSD is approaching its support at 69.61 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 71.55 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.