{"id":347669,"date":"2020-04-21T10:35:44","date_gmt":"2020-04-21T05:05:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=347669"},"modified":"2020-04-21T11:08:25","modified_gmt":"2020-04-21T05:38:25","slug":"brent-oil-may-fall-into-21-65-23-66-range","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brent-oil-may-fall-into-21-65-23-66-range\/","title":{"rendered":"Brent oil may fall into $21.65-$23.66 range"},"content":{"rendered":"<p>Brent oil may break a support at $25.13 per barrel, and fall into a range of $21.65 to $23.66, as suggested by a retracement analysis.<\/p>\n<p>The support is provided by the 76.4% retracement on the uptrend from $21.65 to $36.40. A double-top forming around $36.40 suggests a target around $21.65, while a flag forming between $27.28 and $29.03 indicates a much lower target of $18.<\/p>\n<p>The bearish sentiment is strong. There might not be a decent bounce until oil falls to $21.65. On the daily chart, the wave pattern suggests the development of a wave 5, which is capable of travelling to the March 30 low of $21.65.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brent oil may break a support at $25.13 per barrel, and fall into a range of $21.65 to $23.66, as suggested by a retracement analysis. The support is provided by the 76.4% retracement on the uptrend from $21.65 to $36.40. A double-top forming around $36.40 suggests a target around $21.65, while a flag forming between $27.28 and $29.03 indicates a much lower target of $18. The bearish sentiment is strong. There might not be a decent bounce until oil falls to $21.65. On the daily chart, the wave pattern suggests the development of a wave 5, which is capable of [&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-347669","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347669","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=347669"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/347669\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=347669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=347669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=347669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}