Spot Brent Crude Oil
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Brent to $100

От ForexCollege
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Fundamentally all seems right for Brent to go to $100. Let us look at the technical side of analysis. We have the price in a rising channel, should the price remain in this channel we might see the $100 mark soon. Our date range is indicated by the two vertical line.
Комментарий
Price here violated an uptrend line, no this can be only a retracement or contrarian traders might have step in to change the direction. Contrarian traders trade against general opinion.
Комментарий
War in the Middle east, this dip below uptrend line might indicate a false breakout. If in a short trade manage your trade.
Trend Analysis
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