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
Trade Setup

#BRENT
Total Profit: 1560 point
Closed trade(s): 0 point Profit
Open trade(s): 1560 point Profit

Trade Setup:
We opened 10 BUY trades @ 84.238 based on 'Valley' entry method at 2023-03-01.

Open Profit:
Profit for one BUY trade is 85.801(current price) - 84.238(open price) = 156 point
10 trade(s) still open, therefore total profit for open trade(s) is 156 x 10 = 1560 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateMarch 4, 2023 - 11:45
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 75.360, beginning of uptrend is expected.
  • We make sure when the resistance at 88.940 breaks.
  • If the support at 75.360 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI support #1 at 39 is not broken, the probability of price decrease would be too low.
  • A trough is formed in daily chart at 80.280 on 02/23/2023, so more gains to resistance(s) 86.804 and maximum to Major Resistance (88.940) 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 57.

Take Profits:

  1. 86.804
  2. 88.940
  3. 91.660
  4. 96.070
  5. 98.931
  6. 103.260
  7. 115.785
  8. 123.265
  9. 131.000
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