Brent's Blue MAGIC channel
was looking at the set up for a while and found this nice Blue MAGIC channel for Brent's - see the chart. So, we are in the downward looking channel, that we have gone out and returned back to. usually, in that situation I would expect to reach the upped bound of this channel. hence, we are going towards 63.6-.8 on Brent (LONG) and what's higher I would see as a nice SHORT opportunity. the same is seen on WTI.
Trade active
The idea is still ON, the channel is sill valid, putting stop at 58.2 for the targets marked by levels above
Related publications
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.
Related publications
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.