Forex Trading Strategies 52: Brent Crude could head lower to the $90s
Brent breaking support around $100 is critical, expecting more downward movement

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  • Forex Trading Strategies 52: Brent Crude could head lower to the $90s

Crude Oil heading lower and breaking key support around $100 was quite a disappointment. Although price bounced right back above quickly, this signals further downward movement to me. Geopolitically it doesn't make sense, but we have to go with the trend.


I would look to review Crude oil when it is nearer the $90s, for now there's plenty of profit to be made shorting crude oil.


Watch this video to know more.

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  • 26 Aug 22
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Oil

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