BRENT CRUDE OIL: WEEKLY SCENARIO – 14 February 2022

Technical Analysis

BRENT CRUDE OIL Price Technical Analysis: Weekly Chart

BRENT CRUDE OIL Price Technical Analysis
  • In the weekly charts , Brent Crude Oil is trading in an upward channel.
  •  Brent Crude 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 Crude Oil will follow an uptrend in the coming weeks.
  • The Brent Crude Oil crucial support level is at 76.98 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 Oil .

TRADE SIGNAL- BRENT CRUDE OIL– Buy: 94.10, TARGET:-94.60, STOP LOSS:- 92.85.

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