Brent Crude Oil (ICE) trade note
The price in oil is on the rise after the OPEC meeting and Brent Crude Oil (ICE) has presented me with an opportunity to place a long trade at $65.62.
Brent has been moving higher over the last couple of days and have formed a nice “W” pattern that has broken out of a sideways channel.
Take note that there might be a pullback as shown in the chart before the price moves higher.
Trade: Brent Crude Oil (ICE)
- Entry: Long (buy) $ 65.62
- Stop loss: $ 62.99
- Target price 1: $ 67.09
- Target price 2: $ 68.96
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