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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

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Trade Setup
#BRENT
Total Profit: 9074 point
Closed trade(s): 9074 point Profit
Open trade(s): 0 point Profit

Trade Setup:
We opened 8 SELL trade(s) @ 77.78 based on 'Shooting Star' entry method at 2018.09.04.

Closed Profit:
TP1 @ 75.40 touched at 2018.10.24 with 238 point Profit.
TP2 @ 73.25 touched at 2018.11.01 with 453 point Profit.
TP3 @ 70.30 touched at 2018.11.09 with 748 point Profit.
TP4 @ 68.85 touched at 2018.11.13 with 893 point Profit.
TP5 @ 65.80 touched at 2018.11.13 with 1198 point Profit.
TP6 @ 62.35 touched at 2018.11.20 with 1543 point Profit.
TP7 @ 58.15 touched at 2018.11.29 with 1963 point Profit.
238 + 453 + 748 + 893 + 1198 + 1543 + 1963 = 7036 point

Closed Profit:
Profit for one trade is 77.78(open price) - 57.40(current price) = 2038 point
1 trade(s) closed at market price as trend direction is changed, therefore total profit will increase by 2038 x 1 = 2038 point

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (55.05 to 52.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (55.05)
    • Resistance on 12/15/2016
    • Support on 12/21/2016
    • Support on 12/22/2016
    • Support on 12/23/2016
    • Support on 01/23/2017
    • Support on 01/25/2017
    • Support on 01/27/2017
    • Support on 01/30/2017
    • Support on 01/31/2017
    • Support on 03/02/2017
    • Support on 03/03/2017
    • Resistance on 04/05/2017
    • Resistance on 04/06/2017
    • Support on 04/18/2017
    • Resistance on 09/13/2017
    • Support on 09/20/2017
    • Support on 10/06/2017
    • Support on 10/09/2017
    • Resistance on 12/24/2018
    • Resistance on 12/27/2018
    • Resistance on 12/31/2018
    • Resistance on 01/02/2019
  • Ending of entry zone (52.50)
    • Support on 07/28/2015
    • Resistance on 08/03/2015
    • Resistance on 09/03/2015
    • Resistance on 10/13/2016
    • Resistance on 10/14/2016
    • Resistance on 10/17/2016
    • Support on 10/19/2016
    • Resistance on 10/25/2016
    • Resistance on 11/30/2016
    • Support on 03/09/2017
    • Support on 03/30/2017
    • Support on 03/31/2017
    • Support on 04/05/2017
    • Resistance on 05/15/2017
    • Resistance on 05/16/2017
    • Resistance on 05/17/2017
    • Support on 05/29/2017
    • Resistance on 05/31/2017
    • Resistance on 08/02/2017
    • Resistance on 08/03/2017
    • Resistance on 08/04/2017
    • Resistance on 08/07/2017
    • Resistance on 08/08/2017
    • Resistance on 08/21/2017
    • Resistance on 08/24/2017
    • Resistance on 09/04/2017
    • Support on 12/27/2018
    • Support on 12/28/2018
    • Support on 12/31/2018
    • Support on 01/02/2019

DateSun, 01/06/2019 - 02:25
Currentdowntrend
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 50.25, beginning of uptrend is expected.
  • We make sure when the resistance at 58.80 breaks.
  • If the support at 50.25 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 50.30 on 12/26/2018, so more gains maximum to Major Resistance (58.80) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 58.80
  2. 63.75
  3. 68.45
  4. 70.30
  5. 72.70
  6. 75.40
  7. 80.50
  8. 88.45
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) new Sat, 22 Jun 2019
Brent Crude Oil (BRENT) free Sat, 15 Jun 2019
Brent Crude Oil (BRENT) Sat, 8 Jun 2019
Brent Crude Oil (BRENT) Sat, 1 Jun 2019
Brent Crude Oil (BRENT) free Sat, 25 May 2019