VasilyTrader

Brent Oil Futures (BR1!) Catching Bearish Wave

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MOEX:BR1!   Futuros de petróleo Brent

Brent oil has reached a strong level of structure.
It is a combination of a daily structure and a recent gap open level.
+ 618 retracement of the major impulse

I will be waiting for a bearish breakout of the rising wedge pattern to short the market.

The initial target will be
56.2 level
Target 2
55
Target 3
54

Stop
58


*if the market respects support of the wedge and sets new higher high
setup will be invalid



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