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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (69.70 to 71.30). 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 (69.70)
    • Resistance on 04/02/2018
    • Resistance on 03/29/2018
    • Resistance on 03/27/2018
    • Resistance on 02/01/2018
    • Support on 01/24/2018
    • Resistance on 01/18/2018
    • Resistance on 01/16/2018
    • Resistance on 01/12/2018
    • Resistance on 01/11/2018
    • Resistance on 05/06/2015
  • Ending of entry zone (71.30)
    • Resistance on 01/25/2018

DateMon, 04/09/2018 - 17:20
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 71.30, beginning of downtrend is expected.
  • We make sure when the support at 67.65 breaks.
  • If the resistance at 71.30 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

Take Profits:

  1. 67.65
  2. 65.80
  3. 63.75
  4. 61.00
  5. 58.35
  6. 56.55
  7. 54.55
  8. 50.80
  9. 44.35
  10. 41.50
  11. 36.00
  12. 27.05
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) new Sat, 15 Dec 2018
Brent Crude Oil (BRENT) free Mon, 10 Dec 2018
Brent Crude Oil (BRENT) Sun, 2 Dec 2018
Brent Crude Oil (BRENT) free Sat, 24 Nov 2018
Brent Crude Oil (BRENT) free Tue, 20 Nov 2018