BRENT OIL View

STOCK MARKETS 1 Minute

BRENT has given a (SQUARING PATTERN) Breakdown below 89$, this potentially can end the counter trend bounce on upside.
Going forward the setup is BEARISH enough to drag prices till 83$ and 75$ in Coming days.
This week is very Critical on TIME front.
A weekly close below this weeks low would indicate deeper correction in OIL PRICES: if pattern developes as expected then we can even see BRENT testing even 66$ in Coming weeks.
The surprising fact would be, falling OIL wont be BULLISH for EQUITIES.

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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