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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

Download MT4 template file

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 01/29/2018
    • Resistance on 01/26/2018
    • Resistance on 01/23/2018
    • Resistance on 01/16/2018
    • Resistance on 01/15/2018
  • Ending of entry zone (71.30)
    • Support on 04/17/2018
    • Support on 04/16/2018
    • Support on 04/13/2018
    • Support on 04/12/2018
    • Resistance on 04/10/2018
    • Resistance on 01/25/2018
    • Resistance on 12/03/2014
    • Support on 07/07/2010
    • Support on 07/05/2010
    • Support on 07/02/2010
    • Support on 07/01/2010
    • Support on 06/25/2010
    • Support on 06/08/2010
    • Support on 06/04/2010
    • Support on 06/01/2010
    • Support on 05/23/2010
    • Support on 02/10/2010
    • Support on 02/10/2010
    • Support on 02/04/2010
    • Support on 02/04/2010
    • Support on 02/01/2010
    • Support on 02/01/2010
    • Support on 01/29/2010
    • Support on 01/29/2010
    • Support on 01/28/2010
    • Support on 01/28/2010
    • Support on 01/27/2010
    • Support on 01/27/2010
    • Support on 12/14/2009
    • Support on 12/14/2009
    • Support on 12/11/2009
    • Support on 12/11/2009
    • Support on 12/10/2009
    • Support on 12/10/2009
    • Resistance on 09/21/2009
    • Resistance on 09/21/2009
    • Resistance on 09/01/2009
    • Resistance on 09/01/2009
    • Support on 08/27/2009
    • Support on 08/27/2009
    • Support on 08/25/2009
    • Support on 08/25/2009
    • Support on 08/19/2009
    • Support on 08/19/2009
    • Support on 08/03/2009
    • Support on 08/03/2009
    • Resistance on 07/28/2009
    • Resistance on 07/28/2009
    • Resistance on 07/27/2009
    • Resistance on 07/27/2009

DateMon, 05/14/2018 - 11:49
Currentuptrend
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • 70.30 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI bounced from the uptrend #1 and it prevented price from more losses.
  • 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) Sat, 12 Jan 2019
Brent Crude Oil (BRENT) Sun, 6 Jan 2019
Brent Crude Oil (BRENT) Sun, 6 Jan 2019
Brent Crude Oil (BRENT) free Sat, 29 Dec 2018
Brent Crude Oil (BRENT) Sun, 23 Dec 2018