How to go Short Brent Crude Oil | Trade of the Week

Описание: Brent crude oil looks vulnerable as a geopolitically driven rally begins to fade.

Despite recent strength, the broader downtrend remains intact, with ample supply and weaker demand continuing to weigh on prices. From a technical perspective, the latest move higher appears corrective, increasing the risk of a renewed sell-off.

This week’s Trade of the Week:
• Short Brent crude around $63.00
• Stop loss above the 9 October high at $66.40
• Downside target in the $59.00 region

#TechnicalAnalysis #TradeOfTheWeek #Trading #BrentCrude #Oil

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