website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

Download MT4 template file

Trade Setup

#BRENT:
Total Loss: 5856 point
Closed trade(s): 5856 point Loss

Trade Setup:
We opened 8 SELL trade(s) @ 66.46 (day close price) based on 'Peak' at 2021.05.19.

Total Loss:
SL @ 73.78 touched at 2021.06.15 with 732 point Loss.
Loss for one trade is 73.78(close price) - 66.46(open price) = 732 point
Therefore total loss for trades is 732 x 8 = 5856 point

Trading suggestion:

Price is above the Trend Hunter Sell Zone (69.65 to 71.05).

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

  • Beginning of entry zone (69.65)
    • Resistance on 01/23/2018
    • Support on 01/25/2018
    • Resistance on 02/01/2018
    • Resistance on 03/27/2018
    • Resistance on 03/29/2018
    • Resistance on 04/02/2018
    • Support on 11/09/2018
    • Resistance on 11/13/2018
    • Resistance on 04/03/2019
    • Resistance on 04/04/2019
    • Support on 05/02/2019
    • Support on 05/03/2019
    • Support on 05/09/2019
    • Support on 05/10/2019
    • Support on 05/22/2019
    • Resistance on 01/06/2020
    • Resistance on 03/05/2021
    • Resistance on 03/11/2021
    • Resistance on 03/12/2021
    • Resistance on 03/15/2021
    • Resistance on 05/05/2021
    • Resistance on 05/12/2021
    • Resistance on 05/18/2021
    • Resistance on 05/28/2021
    • Resistance on 05/31/2021
  • Ending of entry zone (71.05)
    • Peak on 03/08/2021
    • Resistance on 03/08/2021
    • Resistance on 06/01/2021
    • Support on 06/08/2021
    • Support on 06/10/2021

DateJune 15, 2021 - 21:34
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 74.750, beginning of downtrend is expected.
  • We make sure when the support at 60.300 breaks.
  • If the resistance at 74.750 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 64.50 on 05/21/2021, so more gains maximum to Major Resistance (74.75) 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 72.

Take Profits:

  1. 63.95
  2. 60.30
  3. 57.35
  4. 54.85
  5. 51.50
  6. 48.95
  7. 46.50
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