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

2020-03-19T08:50:07

Long-term review

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

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