#BRENT intraday forecast (technical side) 2016-03-29

29 March 2016, 03:29
oleksandr bilokon
0
48
Calculated level for today:
Support (S1 / S2 / S3 = 40,29 / 39,97 / 39,45), resistance (R1 / R2 / R3 = 41,34 / 41,66 / 42,19).
Key resistance levels (1st from 40.66 to 40.75 at the end of the day, the 2nd of 41.20 to 41.05).
Indicator OsMa marked decrease in activity of the bulls at testing key levels and increased activity of bears, with a maximum in testing (down H4 broken), which provides a basis for planning of trading sales advantage adjustment for today.
Given spryasovanist oscillators Stochastics, expect a test of key levels and (EMA24,120, down H1) and return to the course (up H1), 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 signal levels (down H1) target levels are calculated levels (S1, S2, down H4 broken), and provided further reduce - levels, S3, (EMA521), R1-m.

For alternative shopping correction, provided the breakdown levels tonnes (up H1) and the growth of the level objectives are R1-R3.

Chart :  http://bi0l.blogspot.com/2016/03/brent-intraday-forecast-technical-side_28.html 

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