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Brent Crude Oil
Short

BCOUSD reversed off resistance, potential further drop!

Di Tickmill
Broker
BCOUSD reversed nicely off its resistance at 78.43 (61.8% Fibonacci retracement, horizontal overlap resistance) where price could potentially drop further to its major support at 76.38 (61.8% Fibonacci retracement, horizontal pullback support).
RSI (55) has made a bearish exit from its ascending support turned resistance line which contributes to our bearish bias.

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BCOBCOUSDbcousdshortBitcoin (Cryptocurrency)BTCUSDChart PatternsForexforexsignalsHarmonic PatternsTrend AnalysisUSD
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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