Brent oil – Trend reversal on charts

TVC:UKOIL   CFDs on Brent Crude Oil
Breach of a major rising trend line (coming from Feb low and Aug low) support by yesterday’s candle suggests the rising trend from the Feb low has ended and prices could revisit September low of $45.12 in the days ahead.

Short-term loss of bearish momentum is not seen yet as the daily RSI is below 50.00, but still sufficiently above the oversold territory. The MACD too is showing no signs of loss of bearish momentum.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out