Trade Alert.
After yesterday's slide, Brent oil got closer to it upwards moving trendline, drawn from the low of the 21st of June last year. Until the trendline remains intact, we will see every drop as a potential buying opportunity and aim for recent highs.
That said, if the break of the trendline happens and we get a close of the day candle below it, then we will start examining the possibility for a further decline.
For now, we remain neutral and wit for a confirmation signal.
Please see the chart for the levels.
Don't forget your SL.
After yesterday's slide, Brent oil got closer to it upwards moving trendline, drawn from the low of the 21st of June last year. Until the trendline remains intact, we will see every drop as a potential buying opportunity and aim for recent highs.
That said, if the break of the trendline happens and we get a close of the day candle below it, then we will start examining the possibility for a further decline.
For now, we remain neutral and wit for a confirmation signal.
Please see the chart for the levels.
Don't forget your SL.