交易新闻
1 Mar 2013
Forex Flash: Brent Crude can see downside ahead this week - Nomura
Nomura Strategist Saeed Amen has taken a look at brent Crude from a purely technical perspective.
He begins by noting that spot is lower on the week and he is maintaining his bearish view. He writes, “RSI continues to fall, indicating that momentum is still downward. (Also) we have also closed below the lower Bollinger band several times.” He feels that with bandwidth expanding, it suggests that it is still in a downward breakout and his target is 107 where the daily 200 MA lies.
He begins by noting that spot is lower on the week and he is maintaining his bearish view. He writes, “RSI continues to fall, indicating that momentum is still downward. (Also) we have also closed below the lower Bollinger band several times.” He feels that with bandwidth expanding, it suggests that it is still in a downward breakout and his target is 107 where the daily 200 MA lies.