Brent oil recovery could fall apart if prices drop below $74.40 (ascending trendline support on the hourly chart). A break below $74.40 would also add credence to lower price highs and lower price lows seen in the hourly chart and would indicate the rally from the July 17 low of $71.26 has ended and the bears have taken over. Hourly chart Current Price: $74.56 Daily High: $75.09 Daily Low: $74.50 Trend: Bearish below $74.40 Resistance R1: $75.26 (previous day’s high) R2: $75.99 (July 13 high) $3: $76.47 (July 6 low) Support S1: $74.40 (rising trendline support) S2: $73.83 (Support on the hourly chart) S3: $71.26 (recent low) 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 Leveraged funds extended USD longs – Nomura FX Street 5 years Brent oil recovery could fall apart if prices drop below $74.40 (ascending trendline support on the hourly chart). A break below $74.40 would also add credence to lower price highs and lower price lows seen in the hourly chart and would indicate the rally from the July 17 low of $71.26 has ended and the bears have taken over. Hourly chart Current Price: $74.56 Daily High: $75.09 Daily Low: $74.50 Trend: Bearish below $74.40 Resistance R1: $75.26 (previous day's high) R2: $75.99 (July 13 high) $3: $76.47 (July 6 low) Support S1: $74.40 (rising trendline support) S2: $73.83 (Support on… 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.
