Contributors Technical Analysis Brent Oil Seems Undecided

Brent Oil Seems Undecided

Brent has decreased in the last two days, but now looks undecided again. Needs a spark to be able to start a significant move. Is moving in range on the short term after the failure to close above the 53.03 static resistance. I’ve said in the previous reports that it could decreae to retest the lower median line (lml) of the minor ascending pitchfork. Technically should drop much below the $50 per barrel after the failure to approach and reach the median line (ml).

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