#BRENT intraday forecast (technical side) 2016-05-11

11 May 2016, 13:13
oleksandr bilokon


Last day of shopping alternatives under specified objectives.
Calculated level for today:
Support (S1 / S2 / S3 = 44,17 / 43,58 / 42,69), resistance (R1 / R2 / R3 = 45,90 / 46,45 / 47,33).
Key support levels (1st from 45.31 to 44.98 at the end of the day, the 2nd of 45.09 to 44.65).
Indicator OsMa marked increase in activity in bulls breakdown and key levels (middle of UP H4 channel), which provides a basis for planning trading operations for today correction.
Given the state oscillators Stochastics, expect a test levels (down H4, R1), 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 reversal levels (down H4), target levels (S1, S2, S3).
Alternative Shopping breakdown provided above (down H4, R1), with goals to the key resistance levels, or (R2, R1w), with the breakdown to (R3).
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