TECHNICAL ANALYSIS: BRENT – MARCH 12-16, 2018

Oil price in the last week swing up and down the whole week, until the end of the week with a closing price above $65.
However, it seems that the uptrend is not yet. There is also a chance that the price will go down to $65 and down to $57.75.

To be seen as a trend up, the price should break above $71.
And when combined with the situation now, oil trading is not quite as interesting choice.