CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


RESISTANCE LEVELS: 9.7


SUPPORT LEVELS : 8.97


The pair pattern is in a bullish tendency with the possibility of a trendless zone between the 9.8 and the 8.3 key level prices, the money flow index analysis could suggest a zone with low volatility with some opportunity around the bollinger band retracement. The Linear Regression Slope at 0.003 and the Parabolic Sar distribution could support the slightly bullish tendency. It is possible to have a bounce at the bollinger line with a retracement in area 9.31 . A bearish crossing at 8.98 can validate a bearish market domination . It can be evaluated a forecast level price at 9.31332. The Brent analysis could suggest a slightly bearish behavior for the Norway energy markets that could support a slightly bullish analysis for the pair.


FIGURE 1 shows the trend lines


FIGURE 2 indicates the forecasting pattern

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