The bulls divergence of the relative strength index (RSI) seen on the hourly chart indicates Brent oil could have a relook at $72.00 and could possibly rise further to descending 50-hour moving average (MA), currently located at $72.70. A break below $71.35 would embolden bears. Hourly chart Current Price: $71.80 Daily High: $71.89 Daily Low: $71.57 Trend: Intraday rally likely Resistance R1: $72.00 (psychological hurdle) R2: $72.70 (50-hour MA) R3: $73.24 (50-day MA) Support S1: $71.35 (previous day’s low) S2: $70.86 (April 17 low) S3: $70.00 (psychological level) FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next S. Korea Finance Ministry sees 2018 growth at 2.9% vs. 3% previous forecast FX Street 5 years The bulls divergence of the relative strength index (RSI) seen on the hourly chart indicates Brent oil could have a relook at $72.00 and could possibly rise further to descending 50-hour moving average (MA), currently located at $72.70. A break below $71.35 would embolden bears. Hourly chart Current Price: $71.80 Daily High: $71.89 Daily Low: $71.57 Trend: Intraday rally likely Resistance R1: $72.00 (psychological hurdle) R2: $72.70 (50-hour MA) R3: $73.24 (50-day MA) Support S1: $71.35 (previous day's low) S2: $70.86 (April 17 low) S3: $70.00 (psychological level) Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
