Short Brent Crude | Trade of the week

This week, we're going short Brent crude oil, as price pulls back from resistance after a corrective rally from the late September lows. With the Middle East situation expected to improve and the technical picture suggesting the bounce may be over, we're shorting at around $100 with a stop above the 1st October high at $103.50 and a downside target at $78. Last week's long Robusta coffee is still live but not rallying strongly. The upside target has been trimmed to 3,580 where resistance sits, and the stop has been moved up to entry, making it a free trade. 👉 In this video: ✅ Why we're shorting Brent crude oil ✅ Key entry, stop and target levels ✅ Update on the Robusta coffee long #Trading #BrentCrude #Oil #TechnicalAnalysis #Markets #TradeOfTheWeek Trade of the Week Playlist: ►https://www.youtube.com/playlist?list=PLiuPElZAFyTJFfLuMPPt1SvCt8gJEpNs7 📈 Catch more market commentary and insights on our channel. 🔔 Subscribe ► https://www.youtube.com/@iguk_official?sub_confirmation=1 Find out more: https://www.ig.com/uk/ways-to-trade?region=uk&utm_medium=organic_social&utm_source=youtube&utm_campaign=description&product=trading&utm_marketing_tactic=consideration&utm_creative_format=text_link&utm_content=yt_description&audience=na Your capital is at risk. 70% of retail investors lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.