Brent: The target on a breakout is 47.60, 49 and 50$ initially.
On the four hour chart, the price is trading on a verge of Ascending triangle. The target on a breakout is 47.60, 49 and 50$ initially.
Support finds at 44.80, 44.40 and 44.20/44. The daily RSI is oversold, appears a limited downside risk.
46.50 is the key level to be breached.
Key To Markets research team
Support finds at 44.80, 44.40 and 44.20/44. The daily RSI is oversold, appears a limited downside risk.
46.50 is the key level to be breached.
Key To Markets research team
Comment:
49.50 completed our second target. Book profit.