BRENT OIL, 78 ??
A self explanatory chart. The red trendline should offer a strong resistance as it comes from 2008.
78 seems to be the price to reach for bulls. For Elliott Wave fans I can see as well a fifth wave in progress. Correction ABC should end up roughly around 61 to 63 level.
That's my view. I have already open short positions and will add some stakes at 78 and 80 levels. The last one of my strategy would be 86 bucks.
Remember to plan your money management and your risk strategy ahead, and always consider that what could go wrong (against your trade), could happen, so all the best.
78 seems to be the price to reach for bulls. For Elliott Wave fans I can see as well a fifth wave in progress. Correction ABC should end up roughly around 61 to 63 level.
That's my view. I have already open short positions and will add some stakes at 78 and 80 levels. The last one of my strategy would be 86 bucks.
Remember to plan your money management and your risk strategy ahead, and always consider that what could go wrong (against your trade), could happen, so all the best.
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