Brent crude oil for future

Brent crude oil for future

Monthly chart of

Brent crude oil

It seems to be supported by previous low level (see the black line)

For sure, check it out as very attentively the 4 signals as relaying deeply on the world economic factors. For nowadays all over the world economic issues are deeply subordinated by 4 signals as below that I descripted and

Review what I said before form http://odysseylee69.blog.me/220230884702  

1. is what we are waiting for the “^” signal  of Bollinger band’s upper line

2. is what we are waiting for the “the gold cross ” signal  of stochastic but not well      matured yet.

  Let us be patient a little more and then we shall see the shape  

3. is a  hammer candle which is rebounded from 45 point ,preparing for supporting the    downtrend

4. is Pervious lower points as Supported line. I think it will be acted as very strong  supported line.

I mean that oil price will be not more than this level. It may be big help what is lowest price of it