Strength on Brent Crude Oil

Strength on Brent Crude Oil

BRENT CRUDE OIL TVC:UKOIL


Last post: May 27th. See chart.

Review: Price is in a bull trend but was pulling back after finding resistance at $80.

Update: Price has found support at a pivot level and we have seen strong bullish action today.

Conclusion: A potential bull flag is possible but need a break and close above $80 and the May pivot high to confirm that.

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