A fair bit of support highlighted on chart. Will start to look for further buy signals in area of 1.35/1.36
This stock repeatedly produces harmonic patterns. Could be a short to watch for Q1 2017
4hr & 1hr timeframe shows MACD & RSI divergence to price. Area of support
5 wave down to 61.8 Fib @ Trend line & area of previous resistance with RSI Divergence. Good risk reward trade potential
RSI & MACD divergence to price on hourly time frame. Short term buy
4hr RSI divergence. Buy break out with stop @ 2.080. Target price 2.144
Brent could well be setting up for a next impulse move.
Looking to test 80p. Positive talk of production cut from OPEC could see this breaking recent highs.
Will soon be time to look for buy opportunities in Silver
Completion of ABCD @ 207 with T/L support could offer a long trade opportunity.