Brent Crude - End of the 5th wave?
Brent Crude (1H) - potential bullish reversal
The oil price has been stabilising following 3 impulse moves to the downside. The correction might have come to an end ahead of a stronger 4H support near 58.30. The price is ranging around the moving averages, which means selling pressures have waned and the market might be getting ready for a U-turn. 61.30 will act as the immediate target.
Key support: 59.60/58.90
Key resistance: 61.30/63.00
The oil price has been stabilising following 3 impulse moves to the downside. The correction might have come to an end ahead of a stronger 4H support near 58.30. The price is ranging around the moving averages, which means selling pressures have waned and the market might be getting ready for a U-turn. 61.30 will act as the immediate target.
Key support: 59.60/58.90
Key resistance: 61.30/63.00
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.