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AlfonsoMoreno

Brent Crude Oil futures bearish forecast

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Futuros de petróleo Brent (MOEX:BR1!)  
AlfonsoMoreno  
MOEX:BR1!   Futuros de petróleo Brent
Trend Analysis Support and Resistance Supply and Demand Crude Oil WTI WTI Crude Oil crude Crude Oil Brent brent brentoil brentcrudeoil brentshort
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trendanalysis supportandresistance supplyanddemand usoil wti crudeoil crude ukoil brent brentoil brentcrudeoil brentshort
Brent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally.

Three supply imbalances have been created on Brent Crude Oil Futures around $74, $72 and $69. Price has not retraced to them but it did retrace at lower timeframe supply levels on the H4 timeframe.
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