BRENT UKOIL :: Long term view
Sometimes you need to wide open your daily, hourly charts to see what's going on on a bigger scale, and here you are a glimpse of what I see in the long term on a weekly timeframe
We are approaching a tremendous resistance trendline since 2008!
If you look at the minor reversals you will see that most of them are at least of 20 bucks per swing, so keeping that in mind you should expect a correction to 56ish level, unless we break and close above the trendline, then would need a new re-evaluation of possible scenarios.
Cheers.
We are approaching a tremendous resistance trendline since 2008!
If you look at the minor reversals you will see that most of them are at least of 20 bucks per swing, so keeping that in mind you should expect a correction to 56ish level, unless we break and close above the trendline, then would need a new re-evaluation of possible scenarios.
Cheers.
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