FIS Technical – Brent September

FIS Technical – Brent September

The higher low off the USD 46.64 support has created a bullish technical on the daily chart, targeting USD 49.90.

However the weekly trend, although strengthening remains technically bearish. For this reason market longs should remain cautious until we see a close above USD 49.90.

Market sellers need to see a trade below USD 48.15, as this would suggest a lower high is forming in the market, targeting the USD 46.64 support.

brent 17-7-17

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