Brent Crude holding below descending trendline resistance. Further drop in progress!

Trading Recommendation

Entry: 29.12

Reason for Entry: 61.8% and 23.6% Fibonacci retracement

Take Profit : 21.28

Reason for Take Profit: -27.2% Fibonacci retracement

Stop Loss: 30.86

Reason for Stop loss: 38.2% Fibonacci retracement, descending trendline resistance.