#BRENT intraday forecast (technical side) 2016-05-10

10 May 2016, 13:00
oleksandr bilokon
0
51

Chart: https://bi0l.blogspot.com/2016/05/brent-intraday-forecast-technical-side_10.html

 Calculated level for today:

Support (S1 / S2 / S3 = 43,55 / 42,90 / 41,85), resistance (R1 / R2 / R3 = 45,65 / 46,30 / 47,35).

Key resistance levels (1st from 45.41 to 45.09 at the end of the day, the 2nd of 45.55 to 45.31).

Indicator OsMa marked increase in activity bears the sample (middle of UP H4 channel, up H4 broken, support S1-weekly), which provides a basis for planning of trading operations for the correction of an advantage today.

Given the state oscillators Stochastics, expect a test levels (support S1-weekly, up H4 broken), 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 rollback levels (up H4 broken), target levels (S1, S2, S3).

Alternative shopping provided higher return rate (middle of UP H4 channel), with goals to the key resistance levels, or (R1, down H4, R2), with the breakdown to (R3).

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