TipTVFinance

Brent – increased odds of a rebound

FX:UKOIL   Crude Oil (Brent)
Resistance - $46.75, $47.39, $48.34

Support - $46.32-46.13, $44.81, $44.17

  • Brent’s repeated failure to remain below channel support if followed by a break above $46.75 (23.6% of Jan low – June high) would open doors for $48.34 (50% of May 2015 high – Jan 2016 low).
  • Such a move on day end closing basis would suggest a short-term bottom is in place at $46.13.
  • On the lower side, a day end closing basis below $46.13 would suggest the retreat from June top has resumed and prices then could drop to 100-DMA support of $44.82.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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