Brent Oil Trading Recommendations
Yuri Papshev | Apr 09, 2021 07:30AM ET
Despite the decline, Brent Oil is traded in the bull market. The price found support at 62.70, while technical indicators OSMA and Stochastic turned up on the daily chart, signaling an upward advance.
However, the breakout of the support levels 55.80, 53.80 will strengthen the negative dynamics and the likelihood of a return into the downtrend.
Support levels: 62.70, 61.40, 60.00, 59.40, 55.80, 53.80, 51.07
Resistance levels: 63.63, 63.92, 65.56, 67.72, 70.00, 71.82, 75.50, 86.6
Sell Stop 61.30. Stop-Loss 65.60. Take-Profit 61.00, 60.00, 59.40, 55.80, 53.80, 51.07
Buy Stop 65.60. Stop-Loss 61.30. Take-Profit 67.72, 70.00, 71.82, 75.50, 86.60
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