FIS Technical – Brent Feb Futures

FIS Technical – Brent Feb Futures

A small upward move in the Brent futures has taken a little bit of downside pressure out of the market. However, wave analysis would suggest that we could see another test to the downside if we close below USD 61.24. At this point the Wave cycle will be in divergence meaning it maybe technically bearish but no longer a technical sell.

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