Brent Crude Oil Technical Analysis & Trading Signals

Brent Crude

BRENT CRUDE  Price Technical Analysis: Weekly Chart

Brent Crude
  • In the weekly charts , Brent Crude is trading in an upward channel.
  • Brent Crude 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 will follow an uptrend in the coming weeks.
  • The  Brent Crude crucial support level is at 82.98 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

TRADE SIGNAL-  BRENT CRUDE– Buy: 109.20, TARGET:-110.20, STOP LOSS:- 108.70

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