Updated
Brent At Main Gap Down Resistance - Should Seek 38
Brent is at a major resistance level, with more than 80% gains, it should seek 38 to neutralize the momentum.
Note
Brent is consolidating with a narrow trading or squeezed bands. I expect it at least to retest 38 zone prior to resuming the upward journey.Note
Brent is finally going to retest 38, Exxon and Shell follow the same as they feel the heat of less oil demand. Trade closed: target reached
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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.