Short Term Bullish

Brent Oil has enormously dipped from Feb to end of Apr, broken a valid uptrend line which has introduced a change in trend to bearish. The commodity was then turned to the upside, which we see as a pullback to point E at 60, before a further down move potentially to ATL in 1998 at 9.7 to complete a nonfailure swing reversal pattern. We will look into price action at point E to confirm reversal bearish move.

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