Trade Plan for Brent Crude (BRN)

Brent Crude

#BRN

     The trend is bullish. Oil is trading within the range of the 365 EMA and 135 EMA. The descending truncated wave structure has completed with a breakout of the descending channel. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator lines have crossed and are pointing upward.

Trading Idea:

Buy on a breakout above 64.32.

Stop Loss: 63.47.

Target levels: 65.33; 66.62.