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Brent Oil - Seller's Time till Apr. 22

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Brent Oil was completely moving based on the previous analysis that I've shared here (See this and this). As long as CURRENCYCOM:OIL_BRENT 's in under $108.7, the sellers have the momentum to decrease the price toward $103 support. In the case of any break-up for $108.7 resistance, the analysis would be failed and we should wait for a pullback to the broken area. However, for now, sellers can have the momentum till April 22nd, based on the Fibonacci time ratios of the previous sell-offs.

Penafian

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