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Dear Subscribers,
We would like to inform you that, the UK's Conservative Party leadership election on 23.07.2019, will be significantly important and may trigger abnormal market conditions, including but not limited to:
  • Extreme market volatility
  • Thin market liquidity
  • Abnormal spreads
  • Price gaps
  • Slippage on executed orders
Please note that there is strong possibility of increased volatility on the day of the announcement which is very likely to affect GBP instruments.
We strongly recommend that you take the above risks into consideration when planning your trading strategy, and ensure that you have sufficient funds in your account to cover your open positions.

Trend Hunter performance since 2015 for this symbol

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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 (71.55 to 72.70). 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 (71.55)
    • Support on 04/12/2018
    • Support on 07/16/2018
    • Support on 07/17/2018
    • Support on 07/18/2018
    • Support on 08/10/2018
    • Support on 08/13/2018
    • Support on 08/20/2018
    • Support on 11/06/2018
    • Support on 11/07/2018
    • Resistance on 11/12/2018
    • Resistance on 04/10/2019
    • Resistance on 04/11/2019
    • Resistance on 04/12/2019
    • Resistance on 04/16/2019
    • Resistance on 04/17/2019
    • Resistance on 04/18/2019
    • Support on 05/01/2019
    • Resistance on 05/06/2019
  • Ending of entry zone (72.70)
    • Resistance on 04/11/2018
    • Support on 04/23/2018
    • Support on 04/25/2018
    • Support on 04/30/2018
    • Support on 05/01/2018
    • Support on 05/02/2018
    • Support on 05/03/2018
    • Support on 06/15/2018
    • Support on 06/18/2018
    • Support on 06/21/2018
    • Support on 07/12/2018
    • Support on 07/20/2018
    • Support on 07/23/2018
    • Support on 07/24/2018
    • Support on 08/03/2018
    • Support on 08/13/2018
    • Resistance on 08/15/2018
    • Resistance on 08/17/2018
    • Resistance on 08/20/2018
    • Support on 11/01/2018
    • Resistance on 11/08/2018
    • Resistance on 04/30/2019

DateSat, 05/11/2019 - 20:51
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 72.70, beginning of downtrend is expected.
  • We make sure when the support at 64.00 breaks.
  • If the resistance at 72.70 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • The RSI support #1 at 49 is broken, so the probability of beginning of downtrend is increased.
  • A peak is formed in daily chart at 74.70 on 04/25/2019, so more losses to support(s) 68.50, 67.00, 66.05 and minimum to Major Support (64.00) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 49.

Take Profits:

  1. 70.35
  2. 68.50
  3. 67.00
  4. 66.05
  5. 64.00
  6. 62.35
  7. 59.00
  8. 55.05
  9. 50.25
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sat, 20 Jul 2019
Brent Crude Oil (BRENT) Sat, 13 Jul 2019
Brent Crude Oil (BRENT) free Sat, 6 Jul 2019
Brent Crude Oil (BRENT) Sat, 29 Jun 2019
Brent Crude Oil (BRENT) Sat, 22 Jun 2019