Short
Brent Crude; Lower high implies lower low
In my last analyses I pointed out hints that momentum was turning toward bears lately.
Bulls got some upside after, above 73.50 even, but now a lower high just below 76.00 has been set. This implies a lower low to follow, i.e. a move below the latest low at 71.20. For now 65.50 still seems likelt a reasonable target medium term.
70.30 and 69.00 are candidates for a lower low while 73.50/73.80 stands for resistance.
Bulls got some upside after, above 73.50 even, but now a lower high just below 76.00 has been set. This implies a lower low to follow, i.e. a move below the latest low at 71.20. For now 65.50 still seems likelt a reasonable target medium term.
70.30 and 69.00 are candidates for a lower low while 73.50/73.80 stands for resistance.
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