#BRENT intraday forecast (technical side) 2016-03-18

18 March 2016, 11:30
oleksandr bilokon
0
27
Calculated level for today:
Support (S1 / S2 / S3 = 41,12 / 40,84 / 30,39), resistance (R1 / R2 / R3 = 42,01 / 42,29 / 42,73).
Key support levels (1st from 39.84 to 40.33 at the end of the day, the 2nd of 39.70 to 40.13).
OsMa marked divergence indicator and decrease of bulls on test (R1-w broken), which provides a basis for planning of trading sales advantage adjustment for today.
Given spryasovanist Stochastics oscillator, forward test (R1-w broken, R1) and return kupsts to key support levels, where it is recommended to consider the activity of the parties on the charts of smaller timeframes.
For short-term sales on condition of formation signals a reversal of levels (R1, R2, Up H1 broken) target levels calculated level (S1, S2, EMA120, down H4 broken), and provided further decline - the second key level, S3, S1-w, Up H4.

For alternative shopping correction, provided the formation of reversal signal levels  (R1-w broken) and the growth of the level objectives are R1-R3, Up H1 broken.

Chart:http://bi0l.blogspot.com/2016/03/brent-intraday-forecast-technical-side_18.html 

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