Hello,
I have prepared a review specifically for you on Brent crude oil. Currently, oil is in a price range where the movement of the asset can go either way, with equal possibilities for an upward movement towards the range of $100-120 or a downward movement towards the range of $50-40. The decision point for a downward movement would be the price staying below $70, and in that case, we can expect to buy the asset in the range of $40-50. On the other hand, if the asset rises to $80 and maintains that price level for 1-2 days, it would be a signal to buy with the goal of selling at $100-120.
I have prepared a review specifically for you on Brent crude oil. Currently, oil is in a price range where the movement of the asset can go either way, with equal possibilities for an upward movement towards the range of $100-120 or a downward movement towards the range of $50-40. The decision point for a downward movement would be the price staying below $70, and in that case, we can expect to buy the asset in the range of $40-50. On the other hand, if the asset rises to $80 and maintains that price level for 1-2 days, it would be a signal to buy with the goal of selling at $100-120.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.