Brent Crude Oil Breaks Key Support

Brent Crude Oil Breaks Key Support


Last post: June 5th. See chart.

Review: Price was being propped up by a pivot support zone and the daily 50sma.

Update: Price has broken through support with an aggressive bearish bar on Friday.

Conclusion: Price is within a support zone that we want to see hold strong. Any further weakness and we will look to cut out of our long trade.

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