BRENT CRUDE OIL is continuing to form lower lows and lower highs on the daily timeframe. Oil
prices look bearish here with the monthly lows of 52.00 likely to be targeted for long term swing positions.
The daily chart suggests we could see a retracement back into the lows of 60.32 where we could see sellers
continue the downtrend.
prices look bearish here with the monthly lows of 52.00 likely to be targeted for long term swing positions.
The daily chart suggests we could see a retracement back into the lows of 60.32 where we could see sellers
continue the downtrend.