Brent crude oil analysis
Looking for a short opportunity because:
Weekly:
Price retested and is rejected 3 times by prior support turned into resistance.
Price rejected 61.8 fib level.
200 EMA crossing the 21 and 55 EMA.
Daily:
Price broke and retested an ascending triangle.
Bearish engulfing candle close on the retest.
Weekly:
Price retested and is rejected 3 times by prior support turned into resistance.
Price rejected 61.8 fib level.
200 EMA crossing the 21 and 55 EMA.
Daily:
Price broke and retested an ascending triangle.
Bearish engulfing candle close on the retest.
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