Brent #Brent is trading roughly in the middle of its 3-month range, around $100, and for now does not appear to be rushing toward a stronger decline.
#Long positions on Brent should only be considered after liquidity is gathered near the local minimum in the $80 region.
#Short positions on lower volume may become interesting only higher up—around 120+, where the market could enter a zone of excessive optimism and seek liquidity above the range.At this moment, Brent is in the middle of the range, which is where false signals and trading "for market makers" rather than for us are most likely to occur.
