$UKOIL Brent Crude Due for Re-Test

Thinking we will see a retest in the coming weeks of $36 before we make a decision about continuning to break down and head lower, or reverse and continue this upward move we've had. Right now, I am seeing a breakdown in trend, and the width of the H&S topping pattern at the top was about 400 pips, of which we completed 300 of so far. I could see an early push down next week, before we try to bounce back and either reverse to highs, or breakdown further.

My target is $36. If I see opportunity after that, I will post it.
Chart PatternsForextradingTrend Analysis

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