BRENT intaday forecast (technical side) 2017-06-20

20 June 2017, 12:48
oleksandr bilokon
Estimated levels for today:
Support (S1 / S2 / S3 = 46.89 / 65/28), resistance (R1 / R2 / R3 = 47.64 / 88 / 48.26).

The key resistance levels (1 st from 47.39 to 47.38 at the end of the day, 2nd from 47.84 to 47.41).


For yesterday, the expected trend test (down H4) was completed with a false breakdown of 2 key levels, and the return of the course to the estimated rebound rate of resistance S1. Trend (down H4) has been adjusted.
 The OsMa indicator marked the growth of the side whipping activity at testing (down H4, key levels) and the bear-side activity when testing S1, which prefers to plan for trade correctional operations to date.
Given the neutral state of Stochastics oscillators, expect a test (S1 down H4, and key levels), where you want to consider the activities of the parties in the charts of smaller timeframes.
For short-term sales, under the condition of forming reversal signals from the levels (down H4), the target levels are the calculated levels S1, and under condition of breakdown up to S2, S3.
For alternative purchases of correction, provided that the formation of reversal signals from the levels of t S1 and the growth of the course goals are (down H4) and the key levels, and with the condition of breakdown to R1, R2 .
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