TVC:UKOIL   CFDs on Brent Crude Oil
40 0 1
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.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
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