Overall, Brent oil still in the bullish momentum since prices is above kumo-cloud. However, price had crossover both tenkan-sen and kijun-sen line. but, there still no dead cross from kijun-sen and tenkan-sen. Chikou-span is above price but it pointing downwards. Brent oil might do some correction. The support zone is at the price range between 70.80-72.5. Breakover of this support zone might causes changes in trend for brent oil where selling pressure might increase.
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.