UKOIL (BRENT) - Can Oil prices drop?
With the US Dollar becoming bullish with positive (or mixed) economic data, and USDCAD also showing signs of bullish momentum, oil prices could enter a falling phase soon.
It may be too soon to conclude but on technical levels, the price action can be monitored in the highlighted areas to look for any shorting opportunities in the coming week(s).
Please manage risk while trading.
It may be too soon to conclude but on technical levels, the price action can be monitored in the highlighted areas to look for any shorting opportunities in the coming week(s).
Please manage risk while trading.
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