Petroleo Brasileiro S.A. – Petrobras (PBR) “On a long-term technical basis, the stock (PBR) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 4.06 and 3.44. If the stock breaks down through support at 4.06 then it will probably continue lower to 3.44. The stock has resistance at 8.87 and at 10.45. If the stock breaks up through resistance at 8.87 then it will probably continue higher to 10.45. The 200-day moving average is at 14.28. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (11.18), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.”

Petroleo Brasileiro S.A. – Petrobras (PBR) “On a long-term technical basis, the stock (PBR) is trading below its 200-day moving average which implies it is in a negative trend.

The stock has support at 7.06 and 6.02. If the stock breaks down through support at 7.06 then it will probably continue lower to 6.02. The stock has resistance at 11.03 and at 12.28. If the stock breaks up through resistance at 11.03 then it will probably continue higher to 12.28. The 200-day moving average is at 14.79. This will also act as resistance. The stock is extremely oversold according to the Stochastic Indicator (11.92).”