Key Support: 69.00
Key Resistance: 69.90 – 70.90
Long Term View
We´ve been looking at Brent for the past couple of weeks and looking for the opportunity to go long to ride this very bullish move. From the highs Brent retraced back 6.8% and bounced from the weekly pivot.
15M Chart Analysis
During the Asian session Brent came back to test the 69.00 level trading inside of a flag. We got long at the break of the flag on high buying volume and bullish divergence printed on the lower time frames.
Simple breakout-continuation setup from a key level.
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