BRENT has given a strong upmove after a consolidation around MA for a long time as the bull trend continued the volume started decreasing which indicates that can indicate a reversal in the current trend to be on a safer side we can sell BRENT if it closes below the tail of first green candle highlited in the box

The ADX has indicated a crossover and exhaustion of current trend so it can be a good positional short

Sell BRENT if it closes below 82.358 with a stop loss of 83.864 for a target of 81.303

BRENT

Nov 03 2021