Article By RoboForex.com
Brent
On H4, after the quotations rose to the post-correctional extension area of 138.2-161.8% (82.20-85.15) Fibo, a divergence formed. This divergence signals about a pullback, and the first wave of the correctional decline already reached 23.6%. Subsequent growth tried to bring the quotations to 86.63, but the market was not powerful enough to accomplish it. The new impulse of decline can head for 38.2% (78.38), 50.0% (75.84), and 61.8% (73.30).
On H1, the decline after growth can be seen in more details. The quotations tested 61.8% and can drop to 76.0% (81.93) Fibo. However, the main goal will be the local low of 80.67. A breakaway of the low will open a pathway to medium-term goals.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
Dow Jones
On H4, upon testing the lower border of the post-correctional extension area of 138.2-161.8% (36434.0-36935.0) Fibo, a divergence on the MACD formed, as a signal for a pullback. The fractal low of 33517.0 is the main support.
On H1, the goals of the decline after the divergence on the MACD are visible. The declining wave is ready to test 23.6% (35988.0), and after a breakaway, it can head for 38.2% (35627.0) and 50.0% (35336.0) Fibo. A breakaway of the current high of 36570.0 will signal the continuation of the uptrend.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- Trump signals de-escalation in the Middle East; China’s trade surplus hits a new record Mar 10, 2026
- EUR/USD in Turbulence: Market Questions When Conflict Over Iran Will End Mar 10, 2026
- Prices push oil above $100 per barrel Mar 9, 2026
- COT Metals Charts: Speculator Bets led by Silver, Gold & Platinum Mar 7, 2026
- COT Bonds Charts: Speculator Bets led by 10-Year Bonds & Fed Funds Mar 7, 2026
- COT Energy Charts: Speculator Bets led by Brent Oil & Heating Oil Mar 7, 2026
- COT Soft Commodities Charts: Speculator Bets led by Corn & Soybean Meal Mar 7, 2026
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
