Brent Trading Analysis (26/02/2024)

The trend is ascending. The downward wave structure is in the range between 365 and 135 ЕМА. The Stochastic Oscillator signals the oversold state.

Trading idea:

Buy when the formation of the ascending wave structure begins, when the wave A breaches the sloping channel of the downward structure.

Stop-Loss at 81.20.

Target price levels at 82.50 and 83.70.

#brent #crude #crudeoil #tradersroom #daytradingpatterns #forexexpertadvisor