Hello,
BRENT (UKOIL) has experienced another downward movement. If the trendline remains intact, this could mark the low before a potential rebound. However, extreme caution is advised at this stage, as all indicators suggest a continuation of the bearish trend, which is trend-confirmed. A confirmation from the 1D PP would be required before considering holding a long position.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
BRENT (UKOIL) has experienced another downward movement. If the trendline remains intact, this could mark the low before a potential rebound. However, extreme caution is advised at this stage, as all indicators suggest a continuation of the bearish trend, which is trend-confirmed. A confirmation from the 1D PP would be required before considering holding a long position. No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
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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.