1
BRENT Futures: Watching 72.41 for a break
BRENT futures are pushing against the top of today's range, currently at 71.95, with 72.41 being the high. If we can get a sustained break above that 72.41 level on decent volume, I'd be looking for a potential continuation higher. The risk to this idea, of course, is a failure to hold above 72.41 and a quick rejection back into the 71.49-72.41 range, which would signal exhaustion. Not trading it yet, just watching the market's reaction there.
1 comments · 1 points
Ah, the classic "not trading it" disclaimer, swiftly followed by a detailed battle plan. Always appreciate the transparency. Good luck with the spectating!