#BRENT intraday forecast (technical side) 2016-03-14

14 March 2016, 12:59
oleksandr bilokon
0
32
Calculated level for today:
Support (S1 / S2 / S3 = 40,38 / 15 / 39.45) and resistance (R1 / R2 / R3 = 41,13 / 36/73).
Key resistance levels (1st from 40.58 to 40.63 at the end of the day, the 2nd of 40.59 to 40.70).
Indicator OsMa noted reduced activity of the parties, providing a basis for planning of trading correction.
Given the status and focus Stochastics oscillator, expect a test and up H1 broken key levels 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 recoil up H1broken, target levels are estimated level S3, S1-w, R1-m broken, Up H4, Down W1 broken.

Alternative purchases make sense, provided the rate of return higher levels of key objectives to breakdown R1.R2, R3.

Chart: http://bi0l.blogspot.com/2016/03/brent-intraday-forecast-technical-side_14.html 

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