Turning Down
Our Pivot: 84.60
Our Preference: Start short selling Brent below 83.88 with strict stop loss of 84.60 and profit target at 83.00 with extension towards 82.40.
Alternate Scenario: Upward penetration of 84.60 will call for 85.40.
NOTE: Brent is being capped by a strong horizontal resistant region.
Chart with supports & resistances:
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