The movement of Brent Crude towards 73.0710 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
Natural Gas seems to be on its way to resistance – a possible opportunity?
Natural Gas is about to retest a key horizontal resistance level near 3.4945. It has tested this level…
A possible move on Silver Spot as it heads towards resistance
An emerging Rising Wedge has been detected on Silver Spot on the 4 hour chart. There is a…
A Channel Up has formed, Brent Crude is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Up detected on Brent Crude – the pattern is an emerging one and has not yet…