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Brent has found support, and the 1-month support structure appears sufficient to drive the price higher at this point. However, this does not rule out the possibility of the price testing lower pivot points (PP), as the 1-year PP has acted as resistance so far. A stable position above the 1-year PP is needed for a solid bullish confirmation.
TradeWithTheTrend3344
Brent has found support, and the 1-month support structure appears sufficient to drive the price higher at this point. However, this does not rule out the possibility of the price testing lower pivot points (PP), as the 1-year PP has acted as resistance so far. A stable position above the 1-year PP is needed for a solid bullish confirmation.
TradeWithTheTrend3344
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.