UKOIL (Brent) Technical Analysis - Video

8 Mar

In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea:

Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March tends to be a bearish period for Brent.

Disclaimer: Remember, this analysis is based on technical factors and should not be seen as direct financial advice. Trading commodities is inherently risky. Before making any trades, always consult with a qualified financial professional and carefully consider your own risk appetite.