In the middle of nowhere

12 Mar 2018

The Brent seems to have left it's uptrend broadening wedge pattern to the downside. Will Brent settle in a 60 to 70 USD Range?

21 Mar 2018

Not

Back in the wedge. Will the almost certain retest of the 70s succeed?

26 Mar 2018

Not

Retest ongoing. This week might be interesting...

28 Mar 2018

Not

Retest unsuccessful. The upper limit is confirmed. 60-70 USD range confirmed. But maybe the small 68 to 71 USD wedge confirms too. It will be left in May latest...

4 Nis 2018

Not

Next stop 65.50 USD...

10 Nis 2018

Not

...well finally it was 67 USD was the end of last week.
Here we go again towards the 70+ USD resistance...

16 Nis 2018

Not

Rockets over Syria... Brent pierced through that resistance. Will that be all or is Brent now at a higher level?

23 Nis 2018

Not

The resistance is broken. If in 3-4 weeks it is still in the 70s or higher then I declare the range broken... and I would expect mid/long term prices back in the 100s...

8 May 2018

Not

Retest of the support (former resistance) line expected around the 17.5.2018.
If it holds then I consider a bullish scenario for a climb to the 100 USD area engaged.

16 May 2018

İşlem elle kapatılmış

As of now I consider the trend as broken. Trading suggestion: an eventual pull-back to 73 USD would offer a good entry point for a long position.