Tickmill
Short

Brent Crude Oil starting to break major support,watch for drop!

OANDA:BCOUSD   Brent Crude Oil
Brent crude oil             is testing major support at 68.50 ( Fibonacci retracement , horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 ( Fibonacci retracement , horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as potential intermediate support.

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Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
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