Brent crude oil: bearish engulfing candle at MA resistance
A bearish engulfing daily candlestick has confirmed the 20/50 DMA resistance zone
Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart
Scenario B) Follow 4hr trend lower as price breaks below 73
Scenario A) Wait for rebound up towards 74.50 and move off oversold conditions on 4hr chart
Scenario B) Follow 4hr trend lower as price breaks below 73