TipTVFinance

Brent oil – Rising trend line supp could be put to test

FX:UKOIL   Crude Oil (Brent)
Support – $49.80, $48.62, $48.34

Resistance - $50.46, $50.89, $52.00

  • Brent’s drop in Asia if followed by hourly closing below a smaller rising trend line support (red) on hourly chart would open doors for a slide to larger rising trend line (black) support at $49.00 levels.
  • However, hourly RSI is oversold and a thus a rebound from smaller rising trend line support followed by a break above Asian session high of $50.46 would shift risk in favor of a rise to $52.00 levels.
  • Overall, dips are likely to be met with fresh bids as long as prices do not see a day end closing below $48.34 levels.
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out