Technicals - oil - potential for Brent and WTI to generate sell signals
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QMG Pty Ltd
The Brent price has the potential to generate a technical top formation / technical sell signal. The key support level to watch is located at US$53.57. A New York close below this level, if it occurs, would generate a technical sell signal. Major subsequent support / the minimum downside technical price target in that scenario would then be located at US$48.50. The WTI price also has the potential to generate a technical top formation / technical sell signal. A New York close below US$50.69 is required, which if it occurs, would target a pullback to US$45.90.
2 topics
4 stocks mentioned
![Angela Mangan](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa01GIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--b8cff610e368e504cce58789aa7ba50503a6cdd5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/IMG_1074.jpg)
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.
Expertise
![Angela Mangan](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa01GIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--b8cff610e368e504cce58789aa7ba50503a6cdd5/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/IMG_1074.jpg)
Angela has over 30 years experience in the technical analysis field. She provides technical analysis coverage of major Australian and global stocks / key markets, including provision of a bespoke technical service to wholesale clients.