Prices of Brent crude oil on the commodities market on Monday leveled growth of the previous session, when there was a pullback from lows of 2 months.Meanwhile, investors are awaiting fresh oil data. Attention this week and should be given a report on China's GDP.
Buyers yesterday made an attempt to raise the price, but far from gone, the price stopped at the 47th figure.on the market in the US session back sellers who have lowered the price below the level of 46.50. Resistance is located at 46.50 and 45.30 in the area of support.
The indicators are in the red zone. MACD was down yesterday, the RSI is close to overbought area. If the LEDs will continue to remain at current levels, we get a sell signal.
On the hourly chart moving averages (50, 100 and 200) are directed downwards. Price tested the 50 moving average and jumped down from it.
Oil is forecast for today
Brent crude oil prices may continue the downward movement, which Target will be the level of 45.30.
Based on materials from Fort Financial Services