The movement of Brent Crude towards the support line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
Related Posts
If you’re long US Oil you should be aware that 66.9375 has just been breached – a level tested 7 time in the past
The price of US Oil in heading in the direction of 66.1077. Despite the recent breakout through 66.9375…
Silver Spot keeps moving closer towards 37.2396. Will it finally breach this level?
Silver Spot is approaching a resistance line at 37.2396. If it hits the resistance line, it may break…
A possible move on Natural Gas as it heads towards support
Natural Gas is heading towards the support line of a Channel Down. If this movement continues, the price…