website utilities


Follow us:
+1 (646) 48 000 22 (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
Trade Setup

#BRENT
Total Profit: 4364 point
Closed trade(s): 647 point Profit
Open trade(s): 3717 point Profit

Trade Setup:
We opened 11 SELL trade(s) @ 81.95 (day close price) based on 'Peak' at 2021.11.10.

Closed Profit:
TP1 @ 79.85 touched at 2021.11.17 with 211 point Profit.
TP2 @ 77.60 touched at 2021.11.19 with 436 point Profit.
211 + 436 = 647 point

Open Profit:
Profit for one trade is 81.95(open price) - 77.83(current price) = 413 point
9 trade(s) still open, therefore total profit for open trade(s) is 413 x 9 = 3717 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.

DateNovember 20, 2021 - 11:54
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 85.80, beginning of downtrend is expected.
  • We make sure when the support at 75.00 breaks.
  • If the resistance at 85.80 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 48 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 84.85 on 11/10/2021, so more losses to support(s) 77.60 and minimum to Major Support (75.00) 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 37.

Take Profits:

  1. 79.85
  2. 77.60
  3. 72.68
  4. 70.62
  5. 67.00
  6. 64.51
  7. 60.30
  8. 57.35
  9. 54.85
  10. 51.50
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) new free Sun, 5 Dec 2021
Brent Crude Oil (BRENT) free Sat, 20 Nov 2021
Brent Crude Oil (BRENT) free Sat, 13 Nov 2021
Brent Crude Oil (BRENT) Wed, 10 Nov 2021
Brent Crude Oil (BRENT) Sun, 7 Nov 2021