Brent $ spot - 16 September 2020
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Published on 2020-09-16
A moderate bearish bias is applicable below 40.95. Technical score: 0
Testing the change in trend direction to bullish level. However, a bearish MACD crossover on the daily time frequency remains applicable. Downside price momentum halted, supporting a bullish trend direction. Limited downside target: 39.30.  Only a confirmed price action (complete last candle should be above this level) above 40.95 will reverse the bearish trend direction. Upside target for a break above 40.95 will be 41.95.
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