#BRENT intraday analysis&forecast (technical side) 2016-03-10

10 March 2016, 08:53
oleksandr bilokon
0
73
ANALYSIS: Last trading day expected test 1-key level confirmed the planned sale but not sold and remain relevant.
Calculated level for today:
Support (S1 / S2 / S3 = 39,99 / 57 / 38.90) and resistance (R1 / R2 / R3 = 41,34 / 76 / 42.44).
Key levels pыdtrymky (1st from 40.56 / 40.21 to 40.61 at the end of the day, the 2nd of 39.31 / 40.18 to 40.39).
OUTLOOK: Indicator OsMa marked increase in activity of bulls, which provides the basis for planning of trading correction.
Given the status and focus oscillators Stochastics, expect to test 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 breakdown levels up H1, target levels are calculated levels S1, S2, UP H1, and the breakdown Rai to S3, Down W1 broken, S1-w.

Alternative purchases make sense, provided the formation of reversal signals up H1 breakdown of goals for R2, R3, UpMN broken.

Chart H1: http://bi0l.blogspot.com/2016/03/brent-intraday-analysis-technical-side.html 

Video (MN,W1):  https://youtu.be/GHf-MoWDom4

Video (D1,H4): https://youtu.be/unfk6Zv6Tl4

Video (intraday H1): https://youtu.be/EsaXLoBh_xs 

 

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