BRENT CRUDE: WEEKLY SCENARIO – 10 February 2022

Technical Analysis

BRENT CRUDE Price Technical Analysis: Weekly Chart

BRENT CRUDE Price Technical Analysis
  • 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 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 .

TRADE SIGNAL- BRENT CRUDE– Buy: 90.80, TARGET:-91.30, STOP LOSS:- 90.55.

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