UKOIL: Crude Oil Brent Update
With WTI pushing up against clear resistance and Brent's latest
350 pip spurt looking in need of consolidation am raising the
stop here to just under 60 to lock in $14 of profit from the 46
entry level in late June.
If Brent falls below 60 it should come back to 59.18 at least,
and more likely to 58 before rallying again off the lower parallel.
With WTI pushing up against clear resistance and Brent's latest
350 pip spurt looking in need of consolidation am raising the
stop here to just under 60 to lock in $14 of profit from the 46
entry level in late June.
If Brent falls below 60 it should come back to 59.18 at least,
and more likely to 58 before rallying again off the lower parallel.
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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.