#BRENT intraday forecast (technical side) 2016-05-12

12 May 2016, 12:37
oleksandr bilokon


 Calculated level for today:

Support (S1 / S2 / S3 = 45,67 / 44,99 / 43,88), resistance (R1 / R2 / R3 = 47,88 / 48,54 / 49,66).

Key support levels (1st from 44.98 to 46.03 at the end of the day, the 2nd of 44.65 to 45.50).

OsMa marked divergence indicator and the increased activity of bulls on test levels (down H4 broken, down W1 broken), which provides a basis for planning trading operations for today correction.

Given the state of OB oscillators Stochastics, expect a test levels (R1, R1-m), 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 of levels (R1, R1-m), target levels (down W1 broken, R1-w, down H4 broken, up H1, S1, S2, S1-w, up H4, S3).

For shopping breakup provided above (R1-m, R2), with the objectives to (R3).

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