Brent Oil has just clipped the bottom end of our short entry zone today – twice – the second attempt coming in slightly lower than the first.
The timing is perfect but we would have liked a couple of bucks more to get a bit closer to our dotted red line.
Our long entry zone, out in November is currently below $70 so current level may be an interest risk/ reward ratio for some.
We’ll be keeping a careful eye over the next few days to see if a short term top is in place or whether there is a little further to go before a healthy correction.
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