hi guys
happy new year
As you can see in daily time frame price moving in rising wedge , and also have RD- with RSI.
may it good for short around 1814 for 1730. with sl : 1826
Hi dears
As you can see price is touch the top of the channel and around the static resistance line 1.197, and it's important that can be broken or push back.
price is close to bottom of the channel and static support , According to it near 316 seem good to make a long position.
The price reacted well to static support area (315-320) .
TP: 380 - 400 - 480
Sl : 300 (bellow channel line)
Hi dears
this is a long view analyze of brent oil in weekly time frame.
We must consider that the world will seek to replace oil with other energy sources.
According to long term of btc trend that is descending (upper line) and price try to broken that line .but from 12 march 2020 price is in two ascending channel ,and was successful to pass that after forming ascending flag pattern.
i think after the price dump to channel floor try to forming descending flag pattern.