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 Profit: 2950 point
Closed trade(s): 259 point Profit
Open trade(s): 2691 point Profit
_______________________________________________
Trade Setup:
We opened 11 SELL trade(s) @ 48.62 based on 'Peak' entry method at 2016.07.05.

Closed Profit:
TP1 @ 48.25 touched at 2016.07.06 with 37 point Profit.
TP2 @ 46.40 touched at 2016.07.20 with 222 point Profit.
37 + 222 = 259 point

Open Profit:
Profit for one trade is 48.62(open price) - 45.63(current price) = 299 point
9 trade(s) still open, therefore total profit for open trade(s) is 299 x 9 = 2691 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (50.80 to 52.50). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (50.80)
    • Resistance on 07/05/2016
    • Resistance on 07/04/2016
    • Resistance on 07/01/2016
    • Resistance on 06/29/2016
    • Resistance on 06/24/2016
    • Resistance on 06/23/2016
    • Resistance on 06/22/2016
    • Resistance on 06/21/2016
    • Resistance on 06/20/2016
    • Resistance on 06/06/2016
    • Resistance on 05/31/2016
    • Resistance on 11/04/2015
    • Resistance on 11/03/2015
    • Resistance on 10/16/2015
    • Resistance on 10/13/2015
    • Resistance on 09/04/2015
    • Resistance on 09/03/2015
    • Resistance on 09/02/2015
    • Resistance on 08/28/2015
    • Resistance on 08/11/2015
    • Resistance on 08/05/2015
    • Resistance on 01/15/2015
  • Ending of entry zone (52.50)
    • Resistance on 06/08/2016
    • Resistance on 10/12/2015
    • Resistance on 10/07/2015
    • Resistance on 09/03/2015
    • 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
DateJuly 23, 2016 - 11:04
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

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

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 40.

Take Profits:

  1. 48.25
  2. 46.40
  3. 44.65
  4. 43.65
  5. 42.20
  6. 38.90
  7. 36.00
  8. 32.15
  9. 29.90
  10. 27.05
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
History
Daily-Trading-Opportunities on BRENT.