Forex Trading Strategies 5 : Brent back to $70 soon

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  • Forex Trading Strategies 5 : Brent back to $70 soon

I've been expecting this for a while  now, since brent hit $75 for the first time in teh recent weeks. but it seems to resilient and doesnt seem to fall back to support around $70. 


But i think im clocked it... brent has almost reached $73 as calculated. I think we will see a pull up to around $75 again as teh selling pressure has already weakened. 


But from $75, there is a high probability that brent will continue its downward move towards $70. 


When it does reach $70... im buying Brent, as i dont think it will fall significantly below this anytime soon. 

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  • 15 Jul 21
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Oil

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