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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: 4414 point
Closed trade(s): 2170 point Profit
Open trade(s): 2244 point Profit

Trade Setup:
We opened 9 SELL trade(s) @ 69.92 based on 'Peak' at 2019.05.22.

Closed Profit:
TP1 @ 68.50 touched at 2019.05.23 with 142 point Profit.
TP2 @ 67.00 touched at 2019.05.23 with 292 point Profit.
TP3 @ 66.05 touched at 2019.05.23 with 387 point Profit.
TP4 @ 64.00 touched at 2019.05.31 with 592 point Profit.
TP5 @ 62.35 touched at 2019.05.31 with 757 point Profit.
142 + 292 + 387 + 592 + 757 = 2170 point

Open Profit:
Profit for one trade is 69.92(open price) - 64.31(current price) = 561 point
4 trade(s) still open, therefore total profit for open trade(s) is 561 x 4 = 2244 point

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 68.50 is broken, we will close open trades.
  • Price may also reach 68.50, if price reaches this level, there is a second chance to get more profit and reinvest by Daily-Trading-Opportunities signals. This suggestion is not according to Trend Hunter Strategy, and depends on personal strategies.

DateSat, 07/06/2019 - 20:29
Currentdowntrend
Forecastcontinuation of downtrend
Last weekBearish

Midterm forecast:

  • 68.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
  • We will close our open trades, if the Midterm level 68.50 is broken.

Technical analysis:

  • While the RSI resistance #1 at 58 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 65.90 on 06/27/2019, so more losses to support(s) 64.00, 62.35, 59.00 and more depths 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 50.

Take Profits:

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

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sat, 16 Nov 2019
Brent Crude Oil (BRENT) Sat, 9 Nov 2019
Brent Crude Oil (BRENT) Sat, 2 Nov 2019
Brent Crude Oil (BRENT) Sat, 26 Oct 2019
Brent Crude Oil (BRENT) free Sat, 19 Oct 2019