Spot Brent Crude OilShort
BRENT - Potential Short
There is a potential short coming up on BRENT based on the turning downwards of the stochastic and the crossing of the EMAs. The MACD hasn't crossed yet, but it will if it continues downwards.
It is currently trading at a support level from all the way back to last year between March and June. If it breaks through this level successfully, I am pretty sure we will have a nice downward move, but it might just test it again and move slightly upward. If breached, we are aiming for a target at around the 60 level.
It is currently trading at a support level from all the way back to last year between March and June. If it breaks through this level successfully, I am pretty sure we will have a nice downward move, but it might just test it again and move slightly upward. If breached, we are aiming for a target at around the 60 level.
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