The price has pushed off from resistance level of 36.00 (ЕМА50 on the daily chart) and is moving in the downward channel on the daily chart with the bottom limit at the level of 26.00.
The indicators OsMA and Stochastic on the daily chart give sell signals.

On the four-hour chart the price has returned to the area below the moving average line with the period 200. The indicators OsMA and Stochastic are in the sell zone.
Consolidation of the price below the level of 32.10 will confirm the completion of the upward correction and the decline in price to psychologically important level of 30.00 USD per barrel. Fundamental data shows that the decline in price is likely.
Pending sell orders can be placed at the levels of 34.35 (ЕМА200 on the four-hour chart), 33.25 (ЕМА144) and 32.30.
Support levels: 34.50, 33.40, 32.70 and 32.00.
Resistance levels: 36.00 and 36.50.

Trading tips
Sell Stop: 32.30. Sell Limit: 33.25, 34.35. Stop-Loss: 35.10. Take-Profit: 32.00, 30.00, 29.70, 29.00, 28.00, 27.50 and 27.00.
Buy Stop: 37.10. Stop-Loss: 35.50. Take-Profit: 38.00, 38.40 and 39.00.

Brent: decline since the beginning of the week

Brent: decline since the beginning of the week




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