UKoil selling the bounces favoured

9 Eyl 2017

on a short term (4H) chart, the Brent is in a rising wedge which is a bearish pattern. The longer term trend is still downward and I see no reason for the path of least resistance to change.

9 Eyl 2017

Not

The daily pattern still looks very much corrective

9 Eyl 2017

Not

Finally here is the weekly view. Price could still retest the top of the daily wedge near 60 but any bounce remains a short opportunity to target a final lower low.