Brent Crude Technical Analysis & Trade Signals

BRENT CRUDE  Price Technical Analysis: Weekly Chart

• 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 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 Crude.

TRADE SIGNAL-  BRENT CRUDE– Buy: 108.20, TARGET:-109.20, STOP LOSS:- 107.70