#BRENT intraday forecast (technical side) 2016-03-31

31 March 2016, 03:13
oleksandr bilokon
Calculated level for today:
Support (S1 / S2 / S3 = 39,83 / 39,48 / 38,93), resistance (R1 / R2 / R3 = 40,94 / 41,29 / 41,85).
Key resistance levels (1st from 40.13 to 40.48 at the end of the day, the 2nd of 40.48 to 41.51).
Indicator OsMa bears marked increase in activity late last trading day, which provides a basis for planning of trading operations for today and correction.
Given the state of the OS Stochastics oscillator, expect a test of key levels where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term sales (stored position) target levels are estimated level (S2, EMA521, S3).

Alternative purchases correction, have a sense of the condition to return to key resistance levels on the objectives to EMA120, R1.

Chart: http://bi0l.blogspot.com/2016/03/brent-intraday-forecast-technical-side_65.html 

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