Brent $: might it be the move this time?
Been struggling with the price action.
A price action above 83.50 supports a bullish trend direction. Crossing above its 200-day will act as further bullish support.
The target price is set at 88.00 (its 23,6% Fibonacci retracement level).
The stop-loss is set at 82.00 (its 50% retracement level).
A bullish crossover on the MACD (see the lower panel) highlights a change in trend direction to bullish. This crossover is also in oversold territory.
A price action above 83.50 supports a bullish trend direction. Crossing above its 200-day will act as further bullish support.
The target price is set at 88.00 (its 23,6% Fibonacci retracement level).
The stop-loss is set at 82.00 (its 50% retracement level).
A bullish crossover on the MACD (see the lower panel) highlights a change in trend direction to bullish. This crossover is also in oversold territory.