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.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder 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 Account and Billing Sign Out