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Another Level – Today’s Key Charts - 28 January 2016

Solid Green line
Possible support

Solid Red line
Possible resistance

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

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Where next?
  • Benefiting from Russian output cut comments

Solid Green line
Possible support

Solid Red line
Possible resistance

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

Solid Green line
Possible support

Solid Red line
Possible resistance

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?
  • Australia’s ASX 200 index, exposed to energy and commodities, has been range-bound 4900-5000 for the last week

Solid Green line
Possible support

Solid Red line
Possible resistance

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?
  • After gains of 25% from recent 12yr lows, is Brent in full-on recovery mode (Bull market = gains  of over 20%) or is this merely a bear market rally?

Solid Green line
Possible support

Solid Red line
Possible resistance

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

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Where next?
  1. Will the price rise towards highs of 415p? or;
  2. Will the price fall towards lows of 355p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Decent bounce by price and technicals

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

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Where next?
  1. Will the price break above highs of 720p, or;
  2. Will the price fall towards lows of 640p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Long-term downtrend; New channel
  • Bullish cross by Directional Indicators
  • Several technicals bounced

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

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Where next?
  1. Will the price rise towards highs of 3650p? or;
  2. Will the price break below rising lows of 2825p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Shallow rising support
  • Stochastics & RSI 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

Where next?
  1. Will the price break above highs of 4900p? or;
  2. Will the price fall towards lows of 4300p?

Solid Green line
Possible support

Solid Red line
Possible resistance

Other Technical Observations

  • Benefited from gold price recovery amid market turmoil
  • Breakout beyond recent 4700p highs
  • Directional indicators diverging bullishly
  • Momentum rising low

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

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