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Brent Oil Seems Undecided

Brent has decreased in the last two days, but now looks undecided again. Needs a spark to be able to start a significant move. Is moving in range on the short term after the failure to close above the 53.03 static resistance. I’ve said in the previous reports that it could decreae to retest the lower median line (lml) of the minor ascending pitchfork. Technically should drop much below the $50 per barrel after the failure to approach and reach the median line (ml).

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MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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