Brent: The target on a breakout is 47.60, 49 and 50$ initially.
On the four hour chart, the price is trading on a verge of Ascending triangle. The target on a breakout is 47.60, 49 and 50$ initially.
Support finds at 44.80, 44.40 and 44.20/44. The daily RSI is oversold, appears a limited downside risk.
46.50 is the key level to be breached.
Key To Markets research team
Support finds at 44.80, 44.40 and 44.20/44. The daily RSI is oversold, appears a limited downside risk.
46.50 is the key level to be breached.
Key To Markets research team
Note
49.50 completed our second target. Book profit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.