21.07.2020
The inclined channel of the descending pattern is breached by the assumed wave 1 of the 1-2-3 pattern. A breakout of the price pivot zone of 363.00 will result in the formation of a 1-2-3 ascending pattern. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator shows a bullish divergence. The support level of 355.80 has formed.
#ROSNEFT rate online: monitor price movement in real time.
Trading recommendations:
Buy on the breakout of the price pivot zone of 363.00.
Stop Loss below the support level of 355.80.
Target levels: 383.00; 406.00.
Move to breakeven at the pivot zone price of 370.0.
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