Brent Crude Oil - How I'm Seeing It (UST View)
One of the comments I've just posted on the trading desk.
UST = Ultra Short Term
Current: $82.24
As we were saying on the 08-Sept (see attached): As long as the $70 holds, it could form a base for a move higher.
Reviewing the daily chart, I note the price at a resistance area. That being the rising trend line extending back to the peaks of 08-March and 06 July.
NOT saying we will move lower from this level however there is potential for a possible pause/consolidation while the price may not advance as aggressively as it has done in the past few weeks.
For more real-time insights and trade ideas, get in touch today.
UST = Ultra Short Term
Current: $82.24
As we were saying on the 08-Sept (see attached): As long as the $70 holds, it could form a base for a move higher.
Reviewing the daily chart, I note the price at a resistance area. That being the rising trend line extending back to the peaks of 08-March and 06 July.
NOT saying we will move lower from this level however there is potential for a possible pause/consolidation while the price may not advance as aggressively as it has done in the past few weeks.
For more real-time insights and trade ideas, get in touch today.
