BRENT OIL Rebounds
#trading_idea #Crude_Oil_Brent 💡
🛢 Pay Attention To Oil - Big Fall - Looking for an Opportunities
Oil drops more than 3% after a media report of a potential end to the Libya dispute. On the 4H chart, the price has fallen to the lows of December 2023. Despite the fact that the MA(20) and MA(100) remain well above, and the Bulls & Bears indicator shows weakness in the bulls, a rebound is possible. The stochastic may be coming out of the oversold zone. Weak manufacturing data from China has strengthened the bears on oil, but it is unlikely that this asset will stay at such low prices for long.
🔼If the price rebounds from the support 73.10, a rise towards resistance 74.97 is possible.
🔽Alternatively, the break down the support 73.10 and slide to 72.80 is likely.
🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline.
➡️GET $20,000 JUST FOR $99
🛢 Pay Attention To Oil - Big Fall - Looking for an Opportunities
Oil drops more than 3% after a media report of a potential end to the Libya dispute. On the 4H chart, the price has fallen to the lows of December 2023. Despite the fact that the MA(20) and MA(100) remain well above, and the Bulls & Bears indicator shows weakness in the bulls, a rebound is possible. The stochastic may be coming out of the oversold zone. Weak manufacturing data from China has strengthened the bears on oil, but it is unlikely that this asset will stay at such low prices for long.
🔼If the price rebounds from the support 73.10, a rise towards resistance 74.97 is possible.
🔽Alternatively, the break down the support 73.10 and slide to 72.80 is likely.
🔷 😎 Choose "👍" if you expect a price rebouns and "👎" if you expect a decline.
➡️GET $20,000 JUST FOR $99
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