Brent Oil - 240 - Can the downside line hold?
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Quick idea.
If the short-term downside line holds and doesn't allow for the price to rise higher, this could result in another round of selling. But to get a bit more comfortable with the downside, a drop below the current lowest point of January would confirm a forthcoming lower low and more sellers could join in.
Please see the chart for details.
Don't forget your stop-loss.
If the short-term downside line holds and doesn't allow for the price to rise higher, this could result in another round of selling. But to get a bit more comfortable with the downside, a drop below the current lowest point of January would confirm a forthcoming lower low and more sellers could join in.
Please see the chart for details.
Don't forget your stop-loss.
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