BRENT CRUDE WEEKLY SCENARIO – 01 March 2022

BRENT CRUDE WEEKLY SCENARIO

BRENT CRUDE Price Technical Analysis: Weekly Chart

BRENT CRUDE WEEKLY SCENARIO
  • 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: 100.90, TARGET:-101.90, STOP LOSS:- 100.40.

About Author

Related posts

Leave a Reply