BRENT CRUDE OIL Price Technical Analysis: Weekly Chart
- 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.