Brent Crude is heading towards the resistance line of a Channel Down. If this movement continues, the price of Brent Crude could test 75.4567 within the next 10 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Related Posts
A possible move on Natural Gas as it heads towards support
Natural Gas is moving towards a support line. Because we have seen it retrace from this line before,…
A final push possible on US Oil as it starts approaching a price line of 67.3445.
US Oil is heading towards a line of 67.3445. If this movement continues, the price of US Oil…
A Falling Wedge has formed, Natural Gas is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Natural Gas is trapped in a Falling Wedge formation, implying that a breakout is Imminent. This is a…