26, August 2016

Brent (a 4-hour chart)

General review

Today oil prices is a bit stronger, despite yesterday's data on US oil inventories.

Current situation

Brent oil futures returned above the level of 49 dollars, approaching the psychological level of $ 50 per barrel. The market strengthened on strong today US data.

Trading recommendations

In addition to Yellen performance, the market will focus on the US statistical date. We expect the decline in volatility and further consolidation on these levels before Friday's news.