Brent oil is currently trading at $74.05 per barrel, having hit a high of $74.70 yesterday. That was the highest level since Nov. 1. The rally seems to have stalled with signs of indecision on the daily chart – Brent created a doji candle yesterday. Further, on the hourly chart, the black gold seems to be creating a double top pattern with the neckline support at $73.96. Acceptance below that neckline support would confirm a double top breakdown and create room for a deeper pullback to $73.22 (target as per the measured move method). A daily close below $74.00 would validate yesterday’s doji candle and neutralize the immediate bullish outlook. Hourly chart Trend: Minor correction possible Pivot points FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next IMF’s Lagarde: Had a meeting with the PBOC Governor Yi regarding international cooperation FX Street 4 years Brent oil is currently trading at $74.05 per barrel, having hit a high of $74.70 yesterday. That was the highest level since Nov. 1. The rally seems to have stalled with signs of indecision on the daily chart - Brent created a doji candle yesterday. Further, on the hourly chart, the black gold seems to be creating a double top pattern with the neckline support at $73.96. Acceptance below that neckline support would confirm a double top breakdown and create room for a deeper pullback to $73.22 (target as per the measured move method). A daily close… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
