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Brent Crude Oil
Short

BCOUSD Approaching Support!

By ICmarkets
Broker
BCOUSD is approaching its support at 69.61 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 71.55 (50% Fibonacci retracement, horizontal pullback support).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
Chart PatternsHarmonic PatternsTrend Analysis
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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