BRENT UKOIL next move

17 ต.ค. 2018

Ahead of todays Crude inventories, oil has climbed back into our pivot point box and is looking like it has some potential drive in it. The path of least resistance is certainly to the downside , however with sanctions on Iran not far away it looks like we might have an attempted breakout. My idea here would be to long a retracement on a breakout pending todays Inventories setup. A move beyond 79.50 beyond an odd wick would invalidate this idea.