FIS Technical – Brent June Futures

April 11, 2018

Currently the weekly and daily trends remain in bullish territory with the weekly chart maintaining a longer-term wave 3 status.

Dual divergences on the weekly and daily chart would indicate momentum is slowing. however, the intraday technical bull wave is not yet finished as it remains on an extended wave 3 on the 60 min chart.

Basically, we have a very short-term target of USD 63.31 for the current wave 3 which should be followed by another bull wave.

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