Brent oil – Bullish momentum exhausted
Brent’s failure to sustain above $51.19 (Aug 19 high) after having failed near the same on Monday suggests the bullish momentum has run out of steam.
When viewed in light of the falling monthly 50-MA around $50.70, it suggests the prices could head lower to $49.68 (Sep 9 high).
On the higher side, only a daily close above $51.19 would suggest continuation of the rally from last week’s low of $45.67.
When viewed in light of the falling monthly 50-MA around $50.70, it suggests the prices could head lower to $49.68 (Sep 9 high).
On the higher side, only a daily close above $51.19 would suggest continuation of the rally from last week’s low of $45.67.
관련 발행물
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.