Rosneft Trading Analysis (16/10/2024)

The descending truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition. The mirror level at 486.50 held back the buyers.

Trading idea:

• Buy at 501.16.
• Stop-loss at 486.50.
• Price targets at 516.20 and 530.00.

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