Which way to go on Brent Crude Oil?
Updated
The price is at a key point at this time of the day, since it is just about to break the downward trend, which would mean that long positions would be favorable. If the price level turns down from the trend line we will remain in the downward trend and immediate short positions would be recommended.
Comment
Brent Crude Oil turned down from the trend line, so it kept itself in the downward trend.Comment
2 hours later the price broke the downward trend from now on long positions are favorable.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.