The price may bounce back from the 52.70 resistance level and short positions will be favorable, if the price will break steeper trend line also than short positions get a double confirmation. However we have to notify that the event occurring in the Mexican Gulf related to Hurricane Harvey can override the predicted movement of this analysis.
Kommentar:
As it was performed by the market perfectly, the price bounced back form the 72.70 resistance level and broke below the trend line, which turn Brent Crude to a downward trend until it reaches the the less steeper trend line.
Kommentar:
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