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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJune 20, 2021 - 14:04
Currentuptrend
Forecastbeginning of downtrend

Midterm forecast:

  • 69.650 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • A peak is formed in daily chart at 74.35 on 06/16/2021, so more losses to support(s) 71.05 and minimum to Major Support (69.65) 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 63.

Supports and Resistances:

  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) new Sun, 14 Apr 2024
Brent Crude Oil (BRENT) new Sun, 14 Apr 2024
Brent Crude Oil (BRENT) Sat, 6 Apr 2024
Brent Crude Oil (BRENT) Sat, 30 Mar 2024
Brent Crude Oil (BRENT) Sat, 23 Mar 2024