Hey traders, BRENT is going down, the price had an upward at 78% retracement, and now it might go down until 50% (106.02) of Fibonacci retracement or Daily S2 (105.3), short term.
But, please keep in mind that firstly, it might bounce at 109.6 (S1) until the daily Pivot point (114.17) or 115.38 (23% fib retracement)
Pls follow the trend, wait for the retracement and then go with the main direction of the market. (Short)
But, please keep in mind that firstly, it might bounce at 109.6 (S1) until the daily Pivot point (114.17) or 115.38 (23% fib retracement)
Pls follow the trend, wait for the retracement and then go with the main direction of the market. (Short)