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Another Level – Today’s Key Levels - 24 May 2017

Where next?
  1. Will the price fall towards lows of 5000p (-3.9%)? or;
  2. Will the price rise towards highs of 5500p (+5.7%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Second leg of bullish flag back to high?
  • Momentum still rising

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will the price fall towards lows of 435p (-8.8%)? or;
  2. Will the price rise towards highs of 520p (+9.0%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Biggest bullish test of 4-month resistance
  • Optimism ahead of OPEC meeting
  • Supportive API inventory data from US last night

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will the price rise towards highs of 1660p (+6.3%)? or;
  2. Will the price fall towards lows of 1400p (-10.3%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Safehaven metals off their highs as risk appetite returns
  • Shares were overbought on Stochastics
  • Back to rising floor of longer term narrowing pattern

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

Where next?
  1. Will the price fall towards lows of 1110p (-4.2%)? or;
  2. Will the price rise towards highs of 1190p (+2.7%)?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Second leg of bullish flag back to highs?
  • Stochastics recovering from oversold

Important: The information provided above does not constitute advice or opinion and must only be regarded as technical observations.

Click here for help with Support & Resistance Click here for help with technicals

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