Tuesday, October 18, 2016

Brent: technical analysis

Brent, H4
On the 4-hour chart instrument is trading in the lower band of the indicator "Bollinger Bands". Indicator’s lines have turned down, while the price range remains unchanged, pointing to the preservation of the current trend. The MACD histogram is located near the zero line. Stochastic attempts to turn up, being in the neutral zone.




Brent, D1
On the daily chart instrument is trading in the upper Bollinger band. Indicator’s lines are directed upwards, while the price range narrowed slightly, pointing to the likelihood of change of the current trend. Histogram MACD is in the positive zone, its volumes are growing; indicator gives a buy signal. Stochastic is approaching the oversold zone.

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