Brent’s failure at daily 50-MA level yesterday followed by a fall back to near opening price, thus forming a gravestone Doji suggests the consolidation pattern may have ended and the retreat from September 8 high of $50.10 has resumed.
Price could test sub $45.00 levels today.
Only a daily close above 50-DMA would signal bearish invalidation.
Price could test sub $45.00 levels today.
Only a daily close above 50-DMA would signal bearish invalidation.
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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.