In a previous analysis of Brent oil, we said that we are in the uptrend of the daily timferium.
And we also said that we are in a downward correction wave in the 4-hour time frame.
This downward correction wave was much more powerful than expected, and not over yet.
Brent oil is expected to complete its uptrend in the daily frame if the bearish correction is completed at the 4-hour time frame.
The analysis will be updated if a 4-hour time frame confirmation of a change in trend is observed.
Forex Signal Analysis at RestForex.com