Trade n Trend

Home » USA Trading Sessions » Brent Oil Technical Levels for USA Trading Sessions 21/03/2016

Brent Oil Technical Levels for USA Trading Sessions 21/03/2016

The Brent Oil hurdle is seen at 42.19 (Aug 24 low) followed by a resistance at 43.13 (Nov 16 low). A break higher would expose 44.00 (psychological hurdle). On the other hand, a break below support at 40.78 (50% Fibo of Jan low-Mar high) would expose 39.50 (trend line support) and 38.12 (100-DMA).

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: