Brent Oil might do some correction

28 May 2018

Overall, Brent oil still in the bullish momentum since prices is above kumo-cloud. However, price had crossover both tenkan-sen and kijun-sen line. but, there still no dead cross from kijun-sen and tenkan-sen. Chikou-span is above price but it pointing downwards. Brent oil might do some correction. The support zone is at the price range between 70.80-72.5. Breakover of this support zone might causes changes in trend for brent oil where selling pressure might increase.