TipTVFinance

Brent oil – watch out for a rebound from hourly rising trend lin

FX:UKOIL   Crude Oil (Brent)
Resistance - $50.99 (ysday’s high), $51.22 (June 22 high), $52.83 (recent high)

Support - $49.93, $49.48 (hourly 200-MA), $48.61

  • Brent’s rebound from 5-DMA followed by a rebound from a hourly rising trend line support indicates prices could make another go at yesterday’s high of $50.99.
  • Further gains need a day end closing above $50.99, in which case the recent high of $52.83 could be put to test next week.
  • On the other hand, a breach of rising trend line support would open doors for a slide to hourly 200-MA level of $48.48.
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out