Home About the company Daily reviews Brent Trading Analysis (20/09/2024)

Brent Trading Analysis (20/09/2024)

20.09.2024

Market Review

The trend is down. The oil is trading in the range between 365 and 135 ЕМА. The upward wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Brent crude oil price

Trading idea:

  • Sell when the formation of the downward wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
  • Stop-loss at 75.12.
  • Price targets at 71.80 and 69.28.

#brent #crude #crudeoil #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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