Having broken out its support at $72 a week ago, Brent oil performed a bottom-up retest of this level.
In the graph, we can see a small zone of consolidation at $69 from which flickers an impulse for the retest. It is most likely that the price will come to test this overbuy zone.
The nearest target is $69.
This content is for informational purposes only and is not intended to be investing advice.
