ThinkForex - Analytics

    ThinkForex

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    Oil considering another break higher

    Whilst Brent and WTI meander around the $50 level there are technical suggestions of a pending break higher. Matt Simpson of ThinkForex takes a look. ​



     
    Resistance 3:   52.37 WR3 pivot, bullish triangle pattern
    Resistance 2:   126.5 126.5
    Resistance 1:   50.31 WR1 pivot, 26/05 high
    SPOT   49.86 0.6732
    Support 1:   47.29/60 Monthly pivot, 19/05 low
    Support 2:   46.24 12/05 low
    Support 3:   45.5 Pivotal S/R, WS3

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