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 73.02 which is near 20 days SMA as of now. There are no signs of a bearish trend.
Brent Oil is trading Above All the moving averages. RSI which is 76.46. Suggest Brent Oil to move in a Positive Direction
Bulls have their tight grip on Brent Oil.