Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)

Trend Hunter performance since 2015 for this symbol

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

Download MT4 template file

Trade Setup
#BRENT
Total Profit: 6805 point
Closed trade(s): 3262 point Profit
Open trade(s): 3543 point Profit

Trade Setup:
We opened 9 SELL trade(s) @ 69.92 based on 'Peak' at 2019.05.22.

Closed Profit:
TP1 @ 68.50 touched at 2019.05.23 with 142 point Profit.
TP2 @ 67.00 touched at 2019.05.23 with 292 point Profit.
TP3 @ 66.05 touched at 2019.05.23 with 387 point Profit.
TP4 @ 64.00 touched at 2019.05.31 with 592 point Profit.
TP5 @ 62.35 touched at 2019.05.31 with 757 point Profit.
TP6 @ 59.00 touched at 2019.08.06 with 1092 point Profit.
142 + 292 + 387 + 592 + 757 + 1092 = 3262 point

Open Profit:
Profit for one trade is 69.92(open price) - 58.11(current price) = 1181 point
3 trade(s) still open, therefore total profit for open trade(s) is 1181 x 3 = 3543 point

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 62.35 is broken, we will close open trades.

DateSat, 08/10/2019 - 21:25
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 62.35 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 62.35 is broken.

Technical analysis:

  • A peak is formed in daily chart at 65.35 on 07/31/2019, so more losses to support(s) 55.05, 50.25, 44.35 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 34.

Take Profits:

  1. 68.50
  2. 67.00
  3. 66.05
  4. 64.00
  5. 62.35
  6. 59.00
  7. 55.05
  8. 50.25
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sat, 17 Aug 2019
Brent Crude Oil (BRENT) free Sat, 10 Aug 2019
Brent Crude Oil (BRENT) free Sat, 3 Aug 2019
Brent Crude Oil (BRENT) free Sat, 27 Jul 2019
Brent Crude Oil (BRENT) Sat, 20 Jul 2019