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Now that most major central banks have made their rate decisions where to next for the FTSE 100, DAX 40 and Euro Stoxx 50? ×

Trading the Trend: short Brent crude oil

MongiIG

By MongiIG,
in Commodities

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MongiIG

Posted
Posted

With the price of Brent having failed between $77.50 and $78.50 three consecutive times in the past month, we will go short at $76.70 with a downside target at $72.00 and a stop-loss at $78.55 on a daily chart closing basis.

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 07 June 2023

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