Brent's Blue MAGIC channel
Updated
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.
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The idea is still ON, the channel is sill valid, putting stop at 58.2 for the targets marked by levels aboveRelated publications
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