Monthly: well expressed technical correction of the index and this trend is likely to continue for entire March and beginning of April. The trend in the beginning and, therefore, medium- trading traders should be looking for signals down at the beginning of next month
Weekly: Tops of the structure are obviosly lowered, so we will expect weakening of growth on the approach of the price to the area of 2093.5
Daily: here ADX keeps northern potential.
Expectations: now, we are waiting for further moderate growth in the area of 2093.5
solutions: buy to 2093.00
Monthly: the price is developing quite solid correction on the background of the oscillator convergence and February's bullish inside bar. Based on overall capacity of the medium-term correction, the price can reach the middle Bollinger band (63.45).
Weekly: strong resistance in the 52.64 area (the upper Bollinger band). So far, we do not expect the oil to get higher because ADX shows no sympathy to the initiatives of buyers
Daily: locally bullish trend for Brent. Support is far enough (36.37 (the middle Bollinger band), resistance - the round level 42.00 A break above 42.00 will activate momentum towards 52.64.
Expectations: breakthrough above 42.00 and rising to 47.30 (and common sight on 52.64)
solutions: looking for local signals to buy and open long positions to 47.30 and 52.64
Monthly: flat 1040.34-1322.62 is still relevant. ADX is passive, so we are waiting for rebound down from 1322.62
Weekly: there is increased activity of ADX, so completion of 1322.62 is the main scenario. We are looking for signals up to the zone of supports 1187.14, 1137.62
Daily: and here, as you can see, bullish front already shows signs of weakness - the divergence of the oscillator. More localized support (1195.48).
Expectations: drop to 1195.48, then the momentum up to 1230.00, where, probably, a new phase of decline will begin
1) Buy from 1195.48 to 1230.00.
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