#BRENT intraday forecast (technical side) 2016-05-17

17 May 2016, 13:37
oleksandr bilokon


 Calculated level for today:

Support (S1 / S2 / S3 = 48,31 / 47,92 / 47,28), resistance (R1 / R2 / R3 = 49,59 / 49,98 / 50,62).

Key support levels (1st from 47.69 to 48.85 at the end of the day, the 2nd of 46.64 to 48.28).

OsMa marked divergence indicator increased activity and bears, which provides a basis for planning trading operations for today correction.

Given the state of the OS Oscillators Stochastics, expect to test levels of 49.31 / 32 (Historical UP MN broken), and (R1, R2), 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 from these levels (R1), target levels are: (R1-m broken, R1-w broken ,, S1, S2, S3, down W1 broken, up H4).

For shopping on condition of formation of reversal (R1-m broken, R1-w broken ,, S1,), the level objectives are: (R1, R2, R3).

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