21st Mar - Brent Crude Slips to Pivotal Support
21 March 2014
WEEKLY CHART – CONTINUATION:
The falling resistance line has come under pressure but has yet to be clearly breached. Current risk is for a fresh bear move – see below.
DAILY CHART – May-14:
See the clear price rejection after the Dec high was recently tested.
Price has now slipped back to key dual support coming from the 105.80 38.2% retracement level and channel base at 105.40. A violation of this would be a bearish signal and set in train a more prolonged corrective phase.
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17th Mar - EUR/CHF Unable to Shake Off Weakness