TipTVFinance

Brent oil – Bears reinforced

FX:UKOIL   CFDs on Crude Oil (Brent)
Brent’s retreat on Monday followed by a break below the rising trend line (red) today has opened doors for test of daily 50-MA of $48.63 levels.

Moreover, the daily chart now has falling top formation in the place. This coupled with a daily closing below rising trend line (red) today would strengthen the bears.

However, bears should watch out for a rebound and a break above Asian session high of $50.07 as such a move could yield $50.85.

Only a day end close above $50.85 would signal bearish invalidation as it would breach falling top formation.
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
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