{"id":277680,"date":"2019-06-07T05:29:55","date_gmt":"2019-06-07T05:29:55","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=277680"},"modified":"2019-06-07T05:39:21","modified_gmt":"2019-06-07T05:39:21","slug":"brent-oil-may-rise-into-63-19-63-99-range","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-may-rise-into-63-19-63-99-range\/","title":{"rendered":"Brent oil may rise into $63.19-$63.99 range"},"content":{"rendered":"<p>Brent oil is expected to break a resistance at $62.38 per barrel and rise into a range of $63.19-$63.99, as a temporary bottom has formed at the June 5 low of $59.45.<\/p>\n<p>The bullish divergence on the hourly RSI suggests an exhaustion of the downtrend. A falling channel indicates a further bounce into the range of $63.19-$63.99, formed by the 150 per cent and the 138.2 per cent projection levels of a downward wave (C) from $75.60.<\/p>\n<p>Support is at $61.39, a break below which could cause a loss limited to $60.71.<\/p>\n<p>On the daily chart, the temporary bottom looks more convincing around a key support at $59.74, the 61.8 per cent retracement on the uptrend from $49.93 to $75.60.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil is expected to break a resistance at $62.38 per barrel and rise into a range of $63.19-$63.99, as a temporary bottom has formed at the June 5 low of $59.45. The bullish divergence on the hourly RSI suggests an exhaustion of the downtrend. A falling channel indicates a further bounce into the range of $63.19-$63.99, formed by the 150 per cent and the 138.2 per cent projection levels of a downward wave (C) from $75.60. Support is at $61.39, a break below which could cause a loss limited to $60.71. On the daily chart, the temporary bottom looks [&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-277680","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277680","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=277680"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/277680\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=277680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=277680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=277680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}