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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

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Trading suggestion:

Price is in the Trend Hunter Sell Zone (70.30 to 71.30).

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

  • Beginning of entry zone (70.30)
    • Support on 04/11/2018
    • Resistance on 03/27/2018
    • Resistance on 03/26/2018
    • Resistance on 01/26/2018
  • Ending of entry zone (71.30)
    • Support on 04/13/2018
    • Support on 04/12/2018
    • Resistance on 01/25/2018
DateApril 17, 2018 - 11:58
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 73.000, beginning of downtrend is expected.
  • We make sure when the support at 67.650 breaks.
  • If the resistance at 73.000 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 68.

Take Profits:

  1. 69.00
  2. 67.65
  3. 66.65
  4. 65.80
  5. 63.75
  6. 61.00
  7. 58.35
  8. 56.55
  9. 54.55
  10. 50.80
  11. 44.35
Click on the level to view price action history.
Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sun, 14 Apr 2024
Brent Crude Oil (BRENT) Sun, 14 Apr 2024
Brent Crude Oil (BRENT) Sat, 6 Apr 2024
Brent Crude Oil (BRENT) Sat, 30 Mar 2024
Brent Crude Oil (BRENT) Sat, 23 Mar 2024
History
Daily-Trading-Opportunities on BRENT.