I'm Brandon, a senior stockbroker at a local securities firm and also a professional trainer with Singapore Exchange (SGX) Academy. Holder of Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) with over 10 years experience in the financial industry.
This blog aims to share how private traders can forecast price and trade in line with the market and smart money by applying Wyckoff principles and simple technical analysis techniques.
Tuesday, 3 July 2018
Oil (Brent) Expected to Retest Trendline
Oil (Brent) is seeing a Bearish Harami pattern as price tried to retest US$80.00 level. The failure to break previous resistance coupled with bearish candlestick pattern signals that Oil (Brent) is experiencing lack of strength and we expect price to retrace and re-test trendline at US$75.00. Second downside objective at US$72.00.