Our Brent Oil short is now 500 pips in profit and our calculations show it still has further to go. Whilst crude oil has paused at around $80 it should logically hit the next trend line which currently sits around $76.8. Stops should be placed along the “thick white line” so there are no excuses for making a loss on this trade.
The next low risk entry point for Brent Oil is our long entry zone which is sub $70 and we hope for more clarity on this next week.
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