Brent crude oil's relative strength index (RSI) has reached overbought territory, indicating a psychological resistance level of 85.00. The 200-day moving average has also been broken. It will be interesting to see how long this can be sustained amidst global growth concerns.
Key resistance levels:
87.45
85.00
Key support levels:
82.38
80.00
Key resistance levels:
87.45
85.00
Key support levels:
82.38
80.00
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Disclaimer
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.