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: 3478 point
Closed trade(s): 189 point Profit
Open trade(s): 3289 point Profit

Trade Setup:
We opened 12 SELL trade(s) @ 72.94 (day close price) based on 'Peak' at 2021.08.02.

Closed Profit:
TP1 @ 71.05 touched at 2021.08.03 with 189 point Profit.

Open Profit:
Profit for one trade is 72.94(open price) - 69.95(current price) = 299 point
11 trade(s) still open, therefore total profit for open trade(s) is 299 x 11 = 3289 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.

DateAugust 14, 2021 - 15:58
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 77.500, beginning of downtrend is expected.
  • We make sure when the support at 67.000 breaks.
  • If the resistance at 77.500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 71.64 on 08/12/2021, so more losses minimum to Major Support (67.00) 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 43.

Take Profits:

  1. 71.05
  2. 67.00
  3. 63.95
  4. 60.30
  5. 57.35
  6. 54.85
  7. 51.50
  8. 48.95
  9. 46.50
  10. 40.00
  11. 36.95
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sat, 23 Mar 2024
Brent Crude Oil (BRENT) Sat, 16 Mar 2024
Brent Crude Oil (BRENT) Sat, 9 Mar 2024
Brent Crude Oil (BRENT) Sat, 2 Mar 2024
Brent Crude Oil (BRENT) Sat, 24 Feb 2024