Brent Oil drops like a rock and is very close to hit some important support levels. I’ve said in the previous analysis that the price may drop on the short term because was too overbought. Technically was expected to drop after the last false breakout above the 53.03 static resistance. Is attracted by the confluence between the sliding line (SL) with the minor uptrend line (dotted line). A breakdown through the mentioned support area will accelerate the sell-off. Will drop much deeper if will breakout from the minor ascending channel.
