Illya's Blog

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Oil review

Hi there! Today I'd like to introduce you my view of Oil price.
BRENT.CMD
On the end of the last week BRENT reached a YEarly high - 46.0 . Also it reached a 100 level on my favorite indicator PersBBands, and look's like ready for correction down till 41.5. My Pivot points is :
  • S1 - 41.44
  • S2 - 38.56
  • S3 - 36.50
  • R1 - 45.15
  • R2 - 47.82
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Brent expectations

Looks like we could get a figure of Double Top from Brent.
Keep an eye on this instrument, to see will the pattern work out!
Wish Everyone to have a good trades today!
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