Brent oil – Watch out for failure at trend line hurdle
Brent’s failure to hold above the falling trend line hurdle (red) would suggest the recovery from the low of $43.55 has run out of steam and the prices could revisit $45.00-44.80 levels, under which the recent low of $43.55 stands exposed.
Fresh buying is likely only if the 4-hour candle closes above the falling trendline.
Fresh buying is likely only if the 4-hour candle closes above the falling trendline.
