Spot Brent Crude Oil Free Forex Signals
Selling pressure from 74.11 resulted in all the initial daily gains being overturned
Previous support level of 72.42 broken
Trades at the lowest level in 58 days
We are trading at oversold extremes
There is no clear indication that the downward move is coming to an end
Further downside is expected and we prefer to set shorts in early trade
Key Signal Parameters
- Parameter
- Value
- Instrument
- BRENT
- Signal Type
- SELL LIMIT
- Timeframe
- 4H
- Entry Point
- 72.800
- Stop Loss
- 73.500
- Take Profit 1
- 71.000
- Take Profit 2
- 70.500
Signal Breakdown with Key Levels
