Brent slows downs as it hits massive resistance [Video]
|Brent has been in a massive 56% rally since October 2020 and is now retesting a key level that held as support for 175 days (August 2019 - January 2020).
This market is very strong but a pullback to the previous highs might give us the best trading opportunity. The only real pullback on this rally has been a -21% move back in August - September 2020 and bullish targets are still unreached and at least a 15% move away, hence the big buying opportunity.
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