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Brent. Way to $50s? Will divergence play out?

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CFDs sobre petróleo (Brent) (FX:UKOIL)  
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FX:UKOIL   CFDs sobre petróleo (Brent)
Trend Analysis Chart Patterns Technical Indicators Crude Oil Brent brent brentoil Oil oiltrading oilprice oilprices brentshort Contains image
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trendanalysis chartpattern indicator ukoil brent brentoil oil oiltrading oilprice oilprices brentshort containsimage
UK Oil/Brent

As we can see price is going down in descending channel. Bearish divergence is formed and signalling for lower targets. I will expect to reach region of $69 by the end of March and area of $57 by June/July.

Let me know what you think!?
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