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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (65.80 to 67.65). 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 (65.80)
    • Resistance on 03/07/2018
    • Resistance on 03/06/2018
    • Resistance on 03/05/2018
    • Support on 02/23/2018
    • Resistance on 02/20/2018
    • Resistance on 02/19/2018
    • Resistance on 12/12/2017
    • Resistance on 06/11/2015
    • Resistance on 06/10/2015
    • Resistance on 06/02/2015
    • Resistance on 06/01/2015
    • Resistance on 05/29/2015
    • Resistance on 05/26/2015
    • Resistance on 05/25/2015
    • Resistance on 05/11/2015
  • Ending of entry zone (67.65)
    • Resistance on 02/26/2018
    • Resistance on 02/07/2018
    • Support on 01/09/2018
    • Resistance on 05/18/2015
    • Resistance on 05/14/2015
    • Resistance on 05/13/2015

DateSun, 03/11/2018 - 20:59
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • While the price is below the resistance 67.65, beginning of downtrend is expected.
  • We make sure when the support at 61.00 breaks.
  • If the resistance at 67.65 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 50.

Take Profits:

  1. 63.75
  2. 61.00
  3. 58.35
  4. 56.55
  5. 54.55
  6. 50.80
  7. 44.35
  8. 41.50
  9. 36.00
  10. 27.05
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sun, 16 Sep 2018
Brent Crude Oil (BRENT) Sun, 9 Sep 2018
Brent Crude Oil (BRENT) Sun, 2 Sep 2018
Brent Crude Oil (BRENT) Sun, 26 Aug 2018
Brent Crude Oil (BRENT) Mon, 20 Aug 2018