FX:UKOIL   CFDs on Crude Oil (Brent)
Resistance – 48.26, 49.10, 49.81

Support – 47.36, 46.74, 46.16

  • Brent’s bearish price RSI divergence seen on the daily chart is likely to keep bulls at the bay so long as prices do not see a day end closing above $49.81.

  • This coupled with rejection at 5-DMA and 10-DMA in Asia risks sending prices lower to support at $47.36, under which losses could be extended to $46.74.
  • However, bears should watch out for a break above $48.63 (this week’s high) as such a move would add credence to a rebound from weekly 5-MA seen yesterday and expose hurdle at $49.81.
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