Technical analytics

Candlestick chart analysis of Brent

Brent

Sellers attacked 59.50 yesterday, however, the EMA200 stopped them and rejected the benchmark upwards. Brent quickly reached 61.50 afterwards.


The EMA200 is defending the 59.50 level, acting as an additional support. The EMA100 is at 57.50 and the EMA50 is in the 58.50 area. The EMA50 is moving upwards, the EMA100 is still neutral, while the EMA200 continued its bearish slope. MACD gave us a sell signal. The RSI oscillator stopped in the neutral zone. The resistance stands at 61.50, the support is at 59.50.


Buyers will most probably retain control and will push Brent higher towards 62.50 now.