{"id":273285,"date":"2019-05-07T05:45:54","date_gmt":"2019-05-07T05:45:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=273285"},"modified":"2019-05-07T06:04:36","modified_gmt":"2019-05-07T06:04:36","slug":"brent-oil-may-retrace-into-69-81-70-47-range","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-may-retrace-into-69-81-70-47-range\/","title":{"rendered":"Brent oil may retrace into $69.81-$70.47 range"},"content":{"rendered":"<p>Brent oil may retrace into a range of $69.81-$70.47 per barrel, as it failed to break a resistance at $71.84.<\/p>\n<p>The resistance is identified as the 14.6 percent retracement of the uptrend from the December 26, 2018 low of $49.93 to the April 25 high of $75.60.<\/p>\n<p>The fall from $75.60 looks like a typical zigzag, which consists of three waves. The first wave and the third wave are equal.<\/p>\n<p>The fall is regarded as the first part of a medium-term downtrend. The current bounce is the second part. However, it is not very clear how strong the bounce will be.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil may retrace into a range of $69.81-$70.47 per barrel, as it failed to break a resistance at $71.84. The resistance is identified as the 14.6 percent retracement of the uptrend from the December 26, 2018 low of $49.93 to the April 25 high of $75.60. The fall from $75.60 looks like a typical zigzag, which consists of three waves. The first wave and the third wave are equal. The fall is regarded as the first part of a medium-term downtrend. The current bounce is the second part. However, it is not very clear how strong the bounce will [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-273285","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=273285"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/273285\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=273285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=273285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=273285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}