Brent oil could re-test the falling (bearish) 50-hour moving average (MA), currently located at $75.26. The hourly chart shows a bullish divergence relative strength index (RSI). Further, oil has established a higher low pattern (also a bullish development). Hourly chart Current Price: $74.25 Daily High: $74.46 Daily Low: $73.49 Trend: Bullish Resistance R1: $74.46 (Asian session high) R2: $75.26 (50-hour moving average) $3: $75.96 (5-day moving average) Support S1: $73.94 (Asian session low) S2: $73.07 (100-day moving average) S3: $72.49 (June 18 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 US dollar: Risks further upside as valuation aren’t stretched – HSBC FX Street 5 years Brent oil could re-test the falling (bearish) 50-hour moving average (MA), currently located at $75.26. The hourly chart shows a bullish divergence relative strength index (RSI). Further, oil has established a higher low pattern (also a bullish development). Hourly chart Current Price: $74.25 Daily High: $74.46 Daily Low: $73.49 Trend: Bullish Resistance R1: $74.46 (Asian session high) R2: $75.26 (50-hour moving average) $3: $75.96 (5-day moving average) Support S1: $73.94 (Asian session low) S2: $73.07 (100-day moving average) S3: $72.49 (June 18 low) 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.
