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 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: 115.90, TARGET:-116.90, STOP LOSS:- 115.40