Brent Crude Oil Technical Analysis & Trading Suggestion

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 77.02 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: 115.20, TARGET:-117.20, STOP LOSS:- 114.20

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