Monthly: the index approaching strong support 1881.4 (the bottom Bollinger band), which, with high probability, will lead to a rebound toward the middle band (2029.8)
Weekly: ADX is only gaining momentum, so we are still based on the same scenarip (upward bounce from the area 1881.4)
The daily chart: a similar picture.
Expectations: drop to 1881.4 and then rebound to 2029.8
solutions: purchase from 1881.4 to 2029.8
Monthly: sensational drop of the bottom Bollinger band for more than $4! The medium-term goal at the moment is 20.60! And it seems that we will see this goal as early as the beginning of spring
Weekly: ADX is gaining momentum, so it is almost guaranteed that oil prices will fall.
The daily chart: the oscillator shows signs of convergence, but we understand that the downward trend is not caused by technical factors, there is no reason to think that such a simple bullish signal can stop bears.
Expectations: So, we wait for continuation of decline in the medium-term goal towards 20.60. This week may the price may test the mark 30 US dollars per barrel.
Trading solutions: we shall sell 30 and in the medium-term to 20.60.
Monthly: technical correction in the direction of the middle Bollinger band (1183.65)
Weekly: local resistance 1112.61 (the middle Bollinger band), but attack of buyers is impressive, so we can expect the move to 1183.65 (the upper band)
The daily chart: the upper Bollinger envelope is broken, so resistance 1112.61 is unlikely to deter bulls. The best possible area for purchases - 1073.54 (the middle band).
Expectations: So, we wait for touch of 1073.54 zone, and then rise to 1183.65
solutions: purchases from 1073.54 to 1183.65
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us