{"id":282235,"date":"2019-07-15T06:39:20","date_gmt":"2019-07-15T06:39:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=282235"},"modified":"2019-07-15T06:39:20","modified_gmt":"2019-07-15T06:39:20","slug":"brent-oil-may-test-support-at-66-40","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-may-test-support-at-66-40\/","title":{"rendered":"Brent oil may test support at $66.40"},"content":{"rendered":"<p>Brent oil may test a support at $66.40 per barrel, with a good chance of breaking below this level and falling into the range of $65.64-$66.09.<\/p>\n<p>The support is identified as the 86.4% projection level of an upward wave c from $63.76. This wave could have peaked around $67.53. The developing wedge looks like a top pattern, which suggests a target around $65.64.<\/p>\n<p>A rise above $67, however, could confirm the wedge as a bullish continuation pattern, and a target at $67.98 will be established accordingly.<\/p>\n<p>On the daily chart, oil is expected to pull back towards a former resistance at $65.79, the 38.2% retracement on the uptrend from $49.93 to $75.60.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil may test a support at $66.40 per barrel, with a good chance of breaking below this level and falling into the range of $65.64-$66.09. The support is identified as the 86.4% projection level of an upward wave c from $63.76. This wave could have peaked around $67.53. The developing wedge looks like a top pattern, which suggests a target around $65.64. A rise above $67, however, could confirm the wedge as a bullish continuation pattern, and a target at $67.98 will be established accordingly. On the daily chart, oil is expected to pull back towards a former resistance [&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-282235","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282235","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=282235"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/282235\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=282235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=282235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=282235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}