BRENT CRUDE DAILY ANALYSIS
1. ROC is showing divergence against price.
2. Since March Brent had not dropped below 70, only once its low was 67.
3 It had completed Triangle A and trading above base of triangle and now completing triangle B.
4 It had retraced to 0.318 and continously trading near it. So 0.618 retraced can be done
5 Conclusion buy wiSL 70 and targt 81which is 0.618 retracement level
2. Since March Brent had not dropped below 70, only once its low was 67.
3 It had completed Triangle A and trading above base of triangle and now completing triangle B.
4 It had retraced to 0.318 and continously trading near it. So 0.618 retraced can be done
5 Conclusion buy wiSL 70 and targt 81which is 0.618 retracement level
כתב ויתור
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