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Weekly forecast Brent Crude Oil technical chart
Symbol BRENT

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (99.70 to 96.70). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (99.70)
    • Support on 06/24/2013
    • Support on 06/03/2013
    • Support on 05/02/2013
    • Support on 05/01/2013
    • Support on 04/23/2013
    • Resistance on 04/19/2013
    • Resistance on 04/18/2013
    • Support on 07/12/2012
    • Resistance on 07/10/2012
    • Resistance on 06/08/2012
    • Resistance on 06/05/2012
  • Ending of entry zone (96.70)
    • Support on 04/18/2013
    • Support on 07/02/2012
    • Resistance on 06/19/2012
    • Support on 06/15/2012
    • Support on 06/14/2012
    • Support on 06/13/2012
    • Support on 06/12/2012
    • Support on 06/04/2012

DateAugust 23, 2014 - 13:39
Currentdowntrend
Forecastbeginning of uptrend

Midterm forecast:

  • The current trend is downtrend but the forecast is beginning of uptrend.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 38.

Take Profits:

  1. 102.95
  2. 105.35
  3. 106.80
  4. 108.90
  5. 110.05
  6. 112.75
  7. 115.60
  8. 119.10
  9. 126.40
  10. 128.35
Click on the level to view price action history.

Symbol Released Current Forecast
Brent Crude Oil (BRENT) Sun, 14 Apr 2024
Brent Crude Oil (BRENT) 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