CFDs on Brent Crude Oil
Updated

Brent oil has broken out or not?

131
Hi
I have posted an idea about UK oil a few weeks ago that tried to show bearish market is not finishes yet but I never insist on my ideas and for now there is a considerable doubt about it I need to share it with you as an alternative.
Just let to break out green static support and then purple channel to decide about bull positions.
Note
please do not care about indicators on my chart.
They are not adjusted for this analysis.
Note
Rally in progress yet
Note
Last week finished with the power of buyers and it seems that we will experience the same situation in the next weeks but consider this week correction as the wave 2 Minor.

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