Brent Crude Oil Technical Analysis & Trade Signals

Brent Crude Oil

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart

Brent Crude Oil
  • In the weekly charts, Brent Oil is trading in an upward channel.
  • Brent 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 Oil will follow an uptrend in the coming weeks.
  • The  Brent Oil crucial support level is at 80.16 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on Brent Oil.

TRADE SIGNAL-   Brent Oil– Buy: 112.20, TARGET:-114.20, STOP LOSS:- 111.20

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