BRENT OIL IS READY FOR A SHORT TRADE

Oil is showing a bearish trend with a price that has bounced three times on a downtrend line. Currently, it is in a demand zone, which is a small market support. The outlook shows a bearish triangle pattern, with the price potentially breaking downwards before bouncing back up prior to a short position with a target of 72.56.

What is your opinion?

Happy trading to everyone.

Nicola CEO
Forex48 Trading Academy