BRENT bounces back form previous lows

BRENT bounces back form previous lows

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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Author : Orlando Gutierrez

Leave a Reply

Your email address will not be published. Required fields are marked *