BNO - Oil: After A Failed Breakout What Next?
In my last article on 8th January, I had highlighted that the price of Brent Oil (BNO) would rise till the upper line of the box range pattern after which it shall trade sideways. This belief of mine proved to be true as by 11th January the price of Brent Oil had risen till the $62.52 mark, after which it traded in a sideways pattern as expected. This is as the commodity could not have a clear breakout above the resistance level. On the other hand, I stated that I expect