Brent: an overview

Current trend

Course
Brent North Sea oil mixture mark yesterday, as expected, dropped
down to a technical correction area mark 54.00. consolidating below
or push so far failed on this level. In the absence of significant
macroeconomic releases, market participants do not show any particular activity, and
market has been relatively calm. At the same time, many analysts
It believes that oil prices will be short-lived. The growth of oil reserves
United States, as well as maintaining a high rate of oil production by OPEC countries can not
impact on oil quotes.

Support and resistance levels

On the 4-hour
chart technical indicators point to a continuation of the downward movement.
The MACD histogram is in the negative zone, its volume increases,
signaling a continuation of the downward movement. Bollinger bands are diverging,
reflecting the strength of the downtrend.

levels
Resistance: 55.00, 56.00, 57.00, 58.00.

levels
Support: 54.00, 53.00, 52.00, 51.00.

trading recommendations

position in the
Sale open at the current price with the immediate goal in the area of ​​53.00. When
steady breakdown of Brent mark of 53.00 will open the way to 52.00. Talk about
the formation of the upward movement will be after the price fixates above
the level of 55.00. In this case, the next target buyers
will mark 56.00.