Contributors Technical Analysis Brent Another False Breakout?

Brent Another False Breakout?

Price rallied today and resumed the minor rebound. Brent is pressuring the median line (ML) of the major blue ascending pitchfork and could retest the 57.72 resistance level as well. I’ve said in the previous days that the rate could come to retest the ML before will make a crucial decision. Only a valid breakout above the mentioned resistance levels will announce a further increase on the short term.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version