#BRENT intraday forecast (technical side) 2016-03-16

16 March 2016, 03:55
oleksandr bilokon
0
127
Calculated level for today:
Support (S1 / S2 / S3 = 38,82 / 49 / 37.95) and resistance (R1 / R2 / R3 = 39,8 / 40,22 / 75).
Key resistance levels (1st from 40.03 to 39.21 at the end of the day, the 2nd of 40.23 to 39.98).
Indicator OsMa marked decrease in activity bears during testing of R1-m broken, providing a basis for planning of trading operations for correction of advantage.
Given the status and focus oscillators Stochastics, expect a test down H1, EMA120, where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term sales on condition of formation of reversal target levels are equal S1, R1-m broken, S2 S3, Up H4.

Alternative purchases make sense, provided the breakup (down H1 and R2 above key levels to breakdown purposes R3, .down H4.

Chart: http://bi0l.blogspot.com/2016/03/brent-intraday-forecast-technical-side_15.html 

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