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Mrz 20

TECHNICAL ANALYSIS BY NSFX 20.03.2016

By:admin

High:  Low: 

The commodity developed a short term channel and a breakout can lift UK Brent to test its 200SMA in area 45.6. The bear market would be finished in case the commodity will develop a bullish trend above 50 and then 55.  Beneath 39 UK Brent should test the lower side of the channel near  36 and below this area there is the 2016 low in area 28.

R3
R2
R1
S1
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S3