BRENT CRUDE OIL - Brent (ICE) (X4) MT: under pressure - 09/17/2014 (GMT)
- 414
- 0
- Chart + Price target(s)
- Target : Lower
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- Target 1 : 93,8
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- Target 2 : 90,8
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- Invalidation threshold : 103
- Timeframe : Daily
BRENT CRUDE OIL Chart
Our preference: Short positions below 103 with targets @ 93.8 & 90.8 in extension.
Alternative scenario: Above 103 look for further upside with 107 & 110.9 as targets.
Comment: Technically the RSI is below its neutrality area at 50. The declining 50-day moving average maintains downside pressure.
Alternative scenario: Above 103 look for further upside with 107 & 110.9 as targets.
Comment: Technically the RSI is below its neutrality area at 50. The declining 50-day moving average maintains downside pressure.
This member did not declare if he had a position on this financial instrument or a related financial instrument.
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