#brentdrops1.87%
đ€ BRENT -1.87%⊠IS THIS ACTUALLY BEARISH?
Not necessarily.
Brentâs decline comes after a strong run, while the market remains focused on Iran, Hormuz and potential supply disruptions.
One technical analysis view says the pullback is testing whether the market can form a higher low while staying above key dynamic support.
So today's red candle could mean:
đŽ Trend reversal
OR
đĄ Healthy consolidation
OR
đą Temporary profit-taking
The next few sessions may tell us more than today's percentage.
#OilAnalysis #tradingview #cryptotrader #markets
$PENDLE
$SUPER
$CHR
đ€ BRENT -1.87%⊠IS THIS ACTUALLY BEARISH?
Not necessarily.
Brentâs decline comes after a strong run, while the market remains focused on Iran, Hormuz and potential supply disruptions.
One technical analysis view says the pullback is testing whether the market can form a higher low while staying above key dynamic support.
So today's red candle could mean:
đŽ Trend reversal
OR
đĄ Healthy consolidation
OR
đą Temporary profit-taking
The next few sessions may tell us more than today's percentage.
#OilAnalysis #tradingview #cryptotrader #markets
$PENDLE
$SUPER
$CHR