Turning Down
Our Pivot: 83.50
Our Preference: Start short selling Brent below 82.95 with strict stop loss of 83.50 and profit target at 82.00 with extension towards 81.40.
Alternate Scenario: Upward penetration of 83.50 will call for 84.00.
NOTE: Brent is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.