Brent Crude OilLong
BCOUSD approaching support, potential bounce!
BCOUSD is approaching support at 76.27 (100% Fibonacci extension, 61.8% Fibonacci retracement, Elliot Wave structure) where it could potentially bounce off from and rise to its resistance at 78.38 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55, 5, 3) is approaching its support at 5.17% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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