Brent Trading Analysis (11/11/2024)
The trend is up. Oils is trading in a range between 365 and 135 ЕМАs.The Stochastic Oscillator signals an oversold condition.
Trading idea:
- Buy at the beginning of the formation of the ascending wave structure, when wave A breaks the sloping channel of the descending truncated structure.
- Stop-loss at 73.65.
- Price targets at 75.20 and 76.30.
#brent #crude #crudeoil #tradersroom #daytradingpatterns
