Brent
Brent quotes are above the 200-day Moving Average on D1, indicating the prevalence of an uptrend. The RSI has rebounded from the support line. As a result, in this situation, a test of 5/8 (90.62) is expected, followed by a breakout of this level and a price rise to the resistance at 6/8 (93.75). The scenario could be cancelled by a breakout of the 4/8 (87.50) level. In this case, the quotes could drop to the support at 3/8 (84.38).
On M15, the upper boundary of the VoltyChannel is broken, which increases the probability of a further price rise.
Origin: RoboForex
