Brent crude oil: bearish engulfing candle at MA resistance
BRENT CRUDE OIL TVC:UKOIL
A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone
Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart
Scenario B) Follow 4hr trend lower as price breaks below 73