Brent Crude OilEducation
Petrol price Indicator - South Africa
Daily chart
After the drop in BCO on the 11th, the
Bollinger Bands indicates the prize is climbing
back to the higher 70s again.
In support is the lower BB at 72.84 and the
200 day MA at 68.78
In resistance is the middle band of the BB, the
20 day MA at 76.42 and the 50 day MA at 76.90.
The upper band of the BB is around 80.01.
After the drop in BCO on the 11th, the
Bollinger Bands indicates the prize is climbing
back to the higher 70s again.
In support is the lower BB at 72.84 and the
200 day MA at 68.78
In resistance is the middle band of the BB, the
20 day MA at 76.42 and the 50 day MA at 76.90.
The upper band of the BB is around 80.01.
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