LiteForex_Official

Brent: technical analysis

TVC:UKOIL   BRENT CRUDE OIL
37 0 0
UKBrent, D1

On the daily chart , the instrument is trading in the lower Bollinger band . The indicator is directed down while the price range remains unchanged. MACD histogram is near the zero line. Stochastic entered the oversold zone.

UKBrent, H4

On the 4-hour chart, the instrument is testing the level of 44.25. Bollinger Bands is directed down while the price range is narrowing. MACD histogram is in the negative zone and its volumes are falling. Stochastic is trying to turn down.

Key levels

Support levels: 46.01, 45.83, 45.61 (local low), 45.44 (lower line of Bollinger Bands ), 45.26.
Resistance levels: 46.70 (middle MA of Bollinger Bands ), 46.91, 47.16, 47.42, 47.69, 47.91, 48.11.

Trading tips

Short positions can be opened from current prices with the target at 45.45 and stop-loss at 46.70. Validity – 1 day.
Long positions can be opened from the level of 46.80 with the target at 47.40 and stop-loss at 46.40. Validity – 1-2 days.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener 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 Billing Sign Out