Brent oil created a Doji candle on Friday, signaling indecision in the market. A pullback to levels below $63.00 could be seen on Monday. Brent oil is operating on slippery grounds amid signs of indecision on the daily chart. On Friday, the black gold witnessed two-way business and closed with marginal losses, forming a doji candle. Usually, that candlestick pattern represents fence-sitting. In Brent’s case, however, it has appeared following a notable rise from $60.32 to $64.24 and indicates the indecision is predominantly among the bulls. Add to that, the bearish divergence of the hourly chart relative strength index and the shallow bars on the 4-hour chart MACD histogram and the black gold looks due for a pullback to $62.80-$62.60. On the higher side, a close above Friday’s high of $64.24 is needed to revive the bullish setup. Daily chart Trend: Pullback likely Technical levels 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 Ethereum price update: ETH/USD $100 beckons of bulls fails to defend $130 FX Street 3 years Brent oil created a Doji candle on Friday, signaling indecision in the market. A pullback to levels below $63.00 could be seen on Monday. Brent oil is operating on slippery grounds amid signs of indecision on the daily chart. On Friday, the black gold witnessed two-way business and closed with marginal losses, forming a doji candle. Usually, that candlestick pattern represents fence-sitting. In Brent's case, however, it has appeared following a notable rise from $60.32 to $64.24 and indicates the indecision is predominantly among the bulls. Add to that, the bearish divergence of the hourly chart relative strength index… 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.
