After Brent Mar. 16 could shrug off higher than expected rising of US crude inventories containing last Wednesday falling to $27.10 by rising to $29.83 last Thursday, it could extend this rebound to reach $32.48 in the beginning session of the new week touching its Hourly SMA100 currently and getting closer to its Daily SMA20
The oil prices have been negatively impacted by implying the Iranian nuclear deal but it could now contain most of last week falling which reached $27.10.
Brent Mar. 16 daily RSI is now well into the neutral region reading 44.591 while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in into 90.327 leading its signal line which is still in the neutral region reading now 62.406, after continued existence in the oversold area below 20 since Jan. 8.
Brent Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to $27.20 in its second day of being below the trading rate, after rising extension last Friday to $32.29.
Important levels: Daily SMA20 @ $32.89, Daily SMA50 @ $38.09, Daily SMA100 @ $43.47 and Daily SMA200 @ $51.27
S&R:
S1: $29.28
S2: $27.10
S3: $25.51
R1: $32.66
R2: $35.25
R3: $38.97
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The oil prices have been negatively impacted by implying the Iranian nuclear deal but it could now contain most of last week falling which reached $27.10.
Brent Mar. 16 daily RSI is now well into the neutral region reading 44.591 while its daily Stochastic Oscillator (5, 3, 3) which is more sensitive to the volatility is having now its main line in into 90.327 leading its signal line which is still in the neutral region reading now 62.406, after continued existence in the oversold area below 20 since Jan. 8.
Brent Mar. 16 daily Parabolic SAR (step 0.02, maximum 0.2) is referring today to $27.20 in its second day of being below the trading rate, after rising extension last Friday to $32.29.
Important levels: Daily SMA20 @ $32.89, Daily SMA50 @ $38.09, Daily SMA100 @ $43.47 and Daily SMA200 @ $51.27
S&R:
S1: $29.28
S2: $27.10
S3: $25.51
R1: $32.66
R2: $35.25
R3: $38.97
Have a good day
Walid Salah El din
Chief Tech Analyst of Trade-24
The harsh winter in US could drive the oil prices higher
Aucun commentaire:
Enregistrer un commentaire