Technicals - oil price - potential to generate a sell signal
Angela Mangan
QMG Pty Ltd
The Brent price generated a technical buy signal at US$34.68 on 22/2/16. A technical sell signal was subsequently generated at US$46.48 on 7/7/16. The potential has now emerged for a new technical sell signal to be generated. A NY close below US$43.60 is required, which if this occurs, would target a pullback to US$40.20. The WTI oil price also has the potential to generate a technical sell signal - a close below US$42.20 is required, which in that scenario would target a pullback to US$39.30.
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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.
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4 stocks mentioned
Angela Mangan
Technical Analyst
QMG Pty Ltd
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
Technical Analyst
QMG Pty Ltd
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
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