Brent Crude Oil Bounces Off Support

Brent Crude Oil Bounces Off Support

BRENT CRUDE OIL TVC:UKOIL


Last post: June 16th. See chart.

Review: Price had broken through key support but closed within a zonal area and just above the next pivot support.

Update: Price has bounced off support and closed back above the previous support suggesting further strength.

Conclusion: Looking for further momentum with the bulls and close above the round number 80 to place further long trades.

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