website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
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: 240 point
Closed trade(s): 240 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 6 SELL trade(s) @ 42.05 (day close price) based on 'Peak' at 2020.09.21.

Closed Profit:
TP1 @ 41.70 touched at 2020.09.22 with 35 point Profit.
TP2 @ 40.00 touched at 2020.10.01 with 205 point Profit.
35 + 205 = 240 point

4 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (44.15 to 46.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (44.15)
    • Resistance on 08/25/2015
    • Support on 11/13/2015
    • Support on 11/16/2015
    • Support on 11/17/2015
    • Support on 11/18/2015
    • Support on 11/19/2015
    • Support on 11/20/2015
    • Support on 11/23/2015
    • Resistance on 04/14/2016
    • Resistance on 04/15/2016
    • Resistance on 04/19/2016
    • Support on 04/26/2016
    • Support on 05/04/2016
    • Support on 05/06/2016
    • Resistance on 07/28/2016
    • Support on 11/14/2016
    • Resistance on 06/23/2020
    • Resistance on 07/21/2020
    • Resistance on 07/24/2020
    • Resistance on 07/27/2020
    • Resistance on 07/28/2020
    • Resistance on 07/29/2020
    • Resistance on 07/30/2020
    • Resistance on 08/03/2020
    • Support on 08/05/2020
    • Support on 08/21/2020
    • Support on 09/02/2020
    • Resistance on 09/04/2020
    • Peak on 09/18/2020
    • Resistance on 09/18/2020
  • Ending of entry zone (46.50)
    • Support on 08/28/2015
    • Support on 11/11/2015
    • Resistance on 11/24/2015
    • Resistance on 05/03/2016
    • Resistance on 05/05/2016
    • Resistance on 05/09/2016
    • Support on 07/07/2016
    • Support on 07/08/2016
    • Support on 07/13/2016
    • Support on 07/14/2016
    • Support on 07/20/2016
    • Resistance on 08/11/2016
    • Support on 09/05/2016
    • Support on 09/06/2016
    • Support on 09/26/2016
    • Support on 09/27/2016
    • Support on 09/28/2016
    • Support on 11/02/2016
    • Support on 11/03/2016
    • Support on 11/09/2016
    • Resistance on 11/11/2016
    • Support on 11/18/2016
    • Resistance on 06/21/2017
    • Resistance on 06/26/2017
    • Resistance on 06/27/2017
    • Support on 07/07/2017
    • Support on 07/10/2017
    • Support on 07/11/2017
    • Resistance on 08/05/2020
    • Peak on 08/25/2020
    • Resistance on 08/25/2020
    • Resistance on 08/26/2020
    • Resistance on 08/27/2020
    • Resistance on 08/31/2020
DateOctober 10, 2020 - 14:07
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 46.500, resumption of downtrend is expected.
  • We make sure when the support at 38.900 breaks.
  • If the resistance at 46.500 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 38.90 on 10/02/2020, so more gains to resistance(s) 44.15 and maximum to Major Resistance (46.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 53.

Take Profits:

  1. 41.70
  2. 40.00
  3. 36.95
  4. 33.80
  5. 19.40
Click on the level to view price action history.
Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sun, 14 Apr 2024
Brent Crude Oil (BRENT) Sun, 14 Apr 2024
Brent Crude Oil (BRENT) Sat, 6 Apr 2024
Brent Crude Oil (BRENT) Sat, 30 Mar 2024
Brent Crude Oil (BRENT) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on BRENT.