CRUDEOIL BREAKDOWN...?

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Looks like Brent breaking the 66 mark?

 BRENT looks like going for a small consolidation and then a fall going below 66.

The timeframe analyzed is 1 Day. So, it may take at least 6-7 weeks for brent to go below 66. Our view gets neutralized as soon as Brent closes above 88 for 1 Day. The ones who are not trading in commodities (like me) can keep the oil and petroleum stocks in focus and can make an entry one the technical look good.

The image given below shows that Brent is moving in a channel and may go into a small consolidation and then a fall.

I'll be sharing some analysis of SmallCaps, Midcap & Largecaps stocks which can help you to make good decisions regarding the stocks.

DISCLAIMER: - This is not a buy/sell recommendation. This is only for educational purposes. I would not be responsible for any profits/losses.

Disclaimer: All content shared on this blog is purely for educational and informational purposes only. It does not constitute investment advice or a recommendation to buy or sell any securities, commodities, or currencies. The views expressed are personal opinions and market interpretations, and may not be suitable for your individual financial situation. Please do your own research or consult a certified financial advisor before making any investment decisions. Investing and trading involve risks. Always trade responsibly.

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