Weekly BRENT Technical Analysis and Forecast - Commodities - Forecast City

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Weekly forecast		Brent Crude Oil technical chart
Symbol	BRENT	Download MT4 template file Trading suggestion: Price is in the Trend Hunter Buy Zone (47.60 to 45.15). 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 08/21/2015 Support on 01/13/2015
Date	August 24, 2015 - 16:20
Current	range bound
Forecast	beginning 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 below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 21. Take Profits: 52.45 Support on 07/31/2015 Support on 07/29/2015 Support on 07/28/2015 Support on 03/18/2015 Support on 03/17/2015 Support on 03/16/2015 54.60 Resistance on 07/27/2015 Support on 04/02/2015 Support on 04/01/2015 Support on 03/31/2015 Support on 03/25/2015 Support on 03/24/2015 Support on 03/23/2015 Support on 03/13/2015 Support on 02/11/2015 58.80 Resistance on 07/15/2015 Resistance on 07/14/2015 Resistance on 07/13/2015 Resistance on 07/10/2015 Resistance on 07/09/2015 Resistance on 04/13/2015 Resistance on 04/08/2015 Resistance on 04/07/2015 Resistance on 03/27/2015 Resistance on 03/26/2015 Resistance on 03/12/2015 Resistance on 03/10/2015 Support on 02/23/2015 Support on 02/19/2015 Support on 02/13/2015 Resistance on 02/10/2015 Resistance on 02/09/2015 Resistance on 02/06/2015 Resistance on 02/03/2015 Support on 12/19/2014 Support on 12/18/2014 Support on 12/17/2014 Support on 12/16/2014 60.90 Support on 06/05/2015 Resistance on 03/06/2015 Resistance on 03/05/2015 Resistance on 03/04/2015 Resistance on 03/03/2015 Resistance on 02/23/2015 Resistance on 02/20/2015 Resistance on 02/19/2015 Resistance on 12/26/2014 Resistance on 12/18/2014 Resistance on 12/17/2014 64.40 Resistance on 06/24/2015 Resistance on 06/23/2015 Resistance on 06/19/2015 Resistance on 06/18/2015 Resistance on 06/17/2015 Resistance on 06/16/2015 Resistance on 06/15/2015 Resistance on 05/27/2015 Support on 05/25/2015 Support on 05/12/2015 Support on 05/11/2015 Support on 05/08/2015 Support on 04/29/2015 Resistance on 04/20/2015 Resistance on 04/17/2015 Resistance on 04/16/2015 67.80 Resistance on 05/18/2015 Resistance on 05/14/2015 Resistance on 05/13/2015 Resistance on 05/12/2015 Resistance on 05/07/2015 Resistance on 05/06/2015 70.05 Resistance on 05/06/2015 72.00 80.45 Resistance on 11/25/2014 Resistance on 11/24/2014 83.35 Resistance on 11/10/2014 Support on 10/16/2014 Support on 10/15/2014 88.45 Resistance on 10/14/2014 Support on 10/10/2014 Support on 10/09/2014 Support on 06/22/2012 96.70 Support on 09/26/2014 Support on 09/25/2014 Support on 09/24/2014 Support on 09/23/2014 Support on 09/22/2014 Support on 09/12/2014 Support on 09/11/2014 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 99.70 Resistance on 09/17/2014 Support on 09/08/2014 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 102.95 Resistance on 09/04/2014 Resistance on 09/03/2014 Resistance on 09/02/2014 Resistance on 08/28/2014 Resistance on 08/27/2014 Resistance on 08/26/2014 Resistance on 08/18/2014 Support on 11/08/2013 Support on 07/02/2013 Resistance on 06/28/2013 Resistance on 06/27/2013 Resistance on 06/21/2013 Support on 06/13/2013 Support on 06/07/2013 Resistance on 05/30/2013 Support on 05/16/2013 Resistance on 05/14/2013 Support on 05/10/2013 Resistance on 05/02/2013 Resistance on 04/15/2013 Support on 07/25/2012 Support on 07/24/2012 Support on 07/23/2012 Support on 07/18/2012 Support on 07/17/2012 Resistance on 07/13/2012 Support on 05/30/2012 Support on 12/19/2011 Support on 12/16/2011 Support on 12/15/2011 Resistance on 10/05/2011 Resistance on 10/03/2011 Support on 09/29/2011 Support on 09/28/2011 Support on 09/26/2011 Support on 08/10/2011 Support on 08/09/2011 Support on 08/08/2011 Support on 06/27/2011 108.90 Resistance on 07/10/2014 Resistance on 07/09/2014 Resistance on 06/06/2014 Resistance on 06/05/2014 Resistance on 06/04/2014 Support on 05/16/2014 Resistance on 05/09/2014 Resistance on 05/05/2014 Resistance on 05/02/2014 Resistance on 04/30/2014 Resistance on 04/29/2014 Support on 04/24/2014 Support on 04/23/2014 Support on 04/22/2014 Support on 04/21/2014 Resistance on 04/14/2014 Resistance on 03/10/2014 Support on 03/04/2014 Support on 02/27/2014 Support on 02/18/2014 Resistance on 02/12/2014 Resistance on 02/11/2014 Support on 12/11/2013 Support on 12/10/2013 Support on 12/09/2013 Resistance on 11/14/2013 Resistance on 11/01/2013 Support on 10/18/2013 Support on 10/17/2013 Support on 10/16/2013 Support on 10/15/2013 Support on 10/07/2013 Resistance on 09/25/2013 Resistance on 09/24/2013 Support on 09/16/2013 Support on 08/20/2013 Support on 08/13/2013 Resistance on 08/06/2013 Resistance on 08/05/2013 Resistance on 07/19/2013 Resistance on 07/18/2013 Resistance on 07/15/2013 112.75 Support on 06/27/2014 Resistance on 06/13/2014 Resistance on 06/12/2014 Resistance on 12/30/2013 Resistance on 12/27/2013 Resistance on 12/04/2013 Resistance on 12/03/2013 Support on 09/09/2013 115.60 Resistance on 06/23/2014 Resistance on 06/19/2014 Resistance on 09/05/2013 Resistance on 09/03/2013 Resistance on 08/30/2013 Resistance on 02/25/2013 Support on 02/06/2013 Resistance on 01/31/2013 Resistance on 10/15/2012 Resistance on 10/10/2012 Support on 09/14/2012 Resistance on 09/12/2012 Resistance on 09/11/2012 Resistance on 08/27/2012 Resistance on 08/23/2012 Resistance on 08/21/2012 Resistance on 08/16/2012 Resistance on 08/15/2012 Support on 02/10/2012 Support on 02/08/2012 Resistance on 11/09/2011 Resistance on 11/08/2011 Resistance on 09/01/2011 Support on 08/02/2011 Support on 08/01/2011 Support on 07/29/2011 Support on 07/18/2011 Support on 07/15/2011 Support on 07/14/2011 Support on 07/12/2011 Support on 07/11/2011 119.10 Resistance on 02/11/2013 Resistance on 02/08/2013 Support on 05/01/2012 Support on 04/30/2012 Support on 04/27/2012 Resistance on 04/25/2012 Resistance on 04/24/2012 Support on 04/12/2012 Support on 04/11/2012 Support on 02/21/2012 Resistance on 02/15/2012 Resistance on 08/01/2011 Resistance on 07/26/2011 Resistance on 07/21/2011 Resistance on 07/20/2011 Resistance on 07/13/2011 Resistance on 07/08/2011 Resistance on 06/13/2011 126.40 Resistance on 03/27/2012 Resistance on 03/23/2012 Resistance on 03/16/2012 Resistance on 03/14/2012 Resistance on 03/13/2012 Resistance on 03/09/2012 Resistance on 03/08/2012 Resistance on 05/02/2011 Resistance on 04/28/2011 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