$BRENT technicals in convegence between Fibonacci and Trendline
BLACKBULL:BRENT has been on a downtrend since last Summer...
Now the descending trend line is about to hit the bottom of the Fibonacci Retracement Levels.
This forms a triangle that we know can break either upward or downward - place your entry points and Stop-Loss points accordingly.
While I don't provide Fundamentals analysis, the latest turns of events with USA and Venezuela make me lean towards a break on the downside for more supply of Crude Oil available to the US.