CFDs on Brent Crude Oil
Long

Bullish bias on Brent Crude

109
There was a 2H Demand at price 76.00 since the market was on a downtrend with multiple breaks of a swing low, I was cautious in immediately bidding at 76.00 I waited for that demand to be valid and then the 1H supply to be invalidated to give me more bias to go long on Brent Crude, a Break of structure occurred price moved up till 78.62 and the previous supply was now acting as a potential Bullish breaker. I'm anticipating a retracement back to77.90 and then bulls till the previous tested 2h supply at 81.73 as snapshotmy target

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.