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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 (47.60 to 45.15). 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 (47.60)
    • Support on 01/27/2015
    • Support on 01/26/2015
  • Ending of entry zone (45.15)
    • Support on 01/13/2015

DateApril 18, 2015 - 17:06
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 65.

Take Profits:

  1. 61.70
  2. 72.00
  3. 80.45
  4. 83.35
  5. 88.45
  6. 89.55
  7. 96.70
  8. 99.70
  9. 102.95
  10. 105.35
  11. 108.90
  12. 110.05
  13. 112.75
  14. 115.60
  15. 119.10
  16. 126.40
  17. 128.35
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