BRENT OIL update

STOCK MARKETS 1 Minute

BRENT continues to follow the path of (SQUARING PATTERN) breakdown which we identified back on NOVEMBER 21st. Earlier we did achieved our Target objectives of 83$ and 75$ which was discussed earlier. It did gave that bounce after printing 75$, but that got sold very quickly. 75$ is still a critical support here, once this breaks convincingly it should test 66 which is very important level. at 66$ (BRENT OIL) would complete multiple Gann PATTERNS.
This expected selloff in OIL would come off during the broad selloff in EQUITY MARKETS. Whether we have reached that point or not? Level of 75$ holds that answer! Above 75$ consider all is well.

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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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