Commodities
Brent Crude Price Gaps: A Key Technical Reference Point
Price gaps in Brent crude's daily chart can be significant technical reference points. Filled price gaps have acted as areas of support and resistance, suggesting their importance.
The video examines Brent crude's daily chart to identify how filled price gaps have influenced the market. It highlights that while not every gap produces a reaction, repeated behavior suggests these levels are worth monitoring.
One unfilled price gap is identified in the latest data, which could become the market's next key technical level. However, it's essential to note that trading spread bets and CFDs comes with high risks, and 89% of retail investors lose money when trading with this provider.