#BRENT weekly forecast 2016-04-week4

25 April 2016, 12:29
oleksandr bilokon
0
26

Chart:http://bi0l.blogspot.com/2016/04/brent-weekly-forecast-2016-04-week4.html

 Estimated levels of the week:

Support (S1-w / S2 / S3 = 41,76 / 40,48 / 38,41), resistance (R1-w / R2 / R3 = 45,90 / 47,18 / 49,25).

Key support levels (1st from 42.45 to 44.58 in the week, 2nd from 41.59 to 43.22).

Indicator OsMa marked decrease in activity at the end of bulls and divergence, which provides a basis for planning of trading correction dominated sales.

Given the state of the Stochastics oscillator, expect the decline to key levels, test levels (down H4 broken, middle of Up H4 channel, 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 rollback of (up H1 broken) and return to key resistance levels Target levels are the key levels of support and provided the breakdown below (R1-m broken, S1-w) to (S2-w, EMA521) .

Alternative shopping on condition of formation of rollback (down H4 broken) with, goals (R1-w), and provided to the breakdown (EMA521, R2-w).

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