TipTVFinance

Brent oil – Cypher formation and head and shoulder formation

FX:UKOIL   CFDs on Crude Oil (Brent)
Support - $49.89, $49.00, $48.60

Resistance - $50.27, $50.48, $50.83

Cypher pattern on Brent daily chart can be viewed here - Brent oil             - Cypher pattern with Leg D in progress

  • Hourly chart also shows head and shoulder formation is under progress with neckline support at $48.60.
  • Brent’s break below daily low of $49.89 followed by a violation at $49.53 would strengthen the case for possible.
    drop to neckline support at $48.60 and also add credence to Cypher pattern .
  • Bearish invalidation is seen only in case of a day end closing above $50.83.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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