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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

Trading suggestion:

Price is in the Trend Hunter Sell Zone (86.00 to 88.80).

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

  • Beginning of entry zone (86.00)
  • Ending of entry zone (88.80)

DateJanuary 22, 2022 - 09:15
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 88.800, beginning of downtrend is expected.
  • We make sure when the support at 69.470 breaks.
  • If the resistance at 88.800 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 88.80 on 01/20/2022, so more losses to support(s) 86.00, 84.13, 79.91 and minimum to Major Support (69.47) 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 68.

Take Profits:

  1. 84.13
  2. 79.91
  3. 76.80
  4. 72.68
  5. 69.47
  6. 67.00
  7. 64.51
  8. 60.30
  9. 57.35
  10. 54.85
  11. 51.50
  12. 48.95
  13. 46.50
  14. 40.00
  15. 36.95
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) new Sat, 14 May 2022
Brent Crude Oil (BRENT) free Sat, 7 May 2022
Brent Crude Oil (BRENT) Sat, 30 Apr 2022
Brent Crude Oil (BRENT) Sat, 23 Apr 2022
Brent Crude Oil (BRENT) Sun, 17 Apr 2022