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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
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
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, 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