Pivot point: 68.30 .
The expected scenario: Entering short deals below the 68.30 levels, targeting the $65.0 levels.
Alternative scenario: Entering long positions at the highest levels of 68.30, targeting the levels of $72.40.
Commentary: Brent crude witnessed sharp declines during this week's trading, as it recorded a decline to the 66.15 levels, during the middle of trading today, Thursday, as it is expected that we will witness a wave A corrective bounce to the upside and retesting the $68.25 levels, then returning to the decline, targeting the $65.0 levels, especially in light of the price being below the moving averages (50-100), which supports the negative outlook for Brent crude trading in the short term.
