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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 01/29/2018
    • 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

DateMay 14, 2018 - 11:49
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • 70.300 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, 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