![Quick Technical Overview - Brent Crude Oil: intra-day ranging; daily bullish breakout to be started Quick Technical Overview - Brent Crude Oil: intra-day ranging; daily bullish breakout to be started](https://c.mql5.com/6/760/splash-684407.png)
Quick Technical Overview - Brent Crude Oil: intra-day ranging; daily bullish breakout to be started
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
The intra-day price is located abobe 200 SMA/100 SMA for the bullish market condition: the price is trying to break 52.63 resistance level for the bullish trend to be continuing.
- If the price breaks 52.63 resistance level on close H4 bar so the bullish trend will be continuing.
- If price breaks 52.40 support on close H4 bar to below so the secondary ranging within the primary bullish trend will be started for the intra-day price movement during the some very short period of time.
- If not so the price will be ranging within the levels.
Resistance | Support |
---|---|
52.63 | 52.40 |
53.71 | 49.57 |
N/A | 46.95 |