#BRENT intraday forecast (technical side) 2016-04-13

13 April 2016, 09:33
oleksandr bilokon
Calculated level for today:
Support (S1 / S2 / S3 = 42,99 / 42,48 / 41,44), resistance (R1 / R2 / R3 = 44,67 / 45,18 / 46,02).
Key resistance levels (1st from 42.06 to 43.52 at the end of the day, the 2nd of 40.86 to 42.29).
Indicator OsMa marked increase in activity of bulls in late day trading and divergence, which provides a basis for planning of trading operations for today and correction.
Given the state oscillators Stochastics, expect a test levels R1, R2, up H1 broken, 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 of recoil (up H1 broken) and return to key resistance levels with target levels (S1, S2, R1-m broken, R1-w broken, S3).

Alternative Shopping breakdown provided R1, goals are even R2, R3.

Chart: http://bi0l.blogspot.com/2016/04/brent-intraday-forecast-technical-side.html 

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