BRENT CRUDE OIL: WEEKLY SCENARIO

Technical Analysis
BRENT CRUDE OIL Price

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart

  • In the weekly charts , Brent Crude Oil is trading in an upward channel.
  • Brent Crude Oil is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • Brent Crude Oil will follow an uptrend in the coming weeks.
  • The Brent Crude Oil crucial support level is at 69.26 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Brent Crude Oil .

TRADE SIGNAL- BRENT CRUDE OIL– Buy: 90.80, TARGET:-91.30, STOP LOSS:- 90.55.

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