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Brent Oil Trading Recommendations

By Yuri PapshevCommoditiesApr 09, 2021 07:30AM ET
www.investing.com/analysis/brent-oil-trading-recommendations-200572156
Brent Oil Trading Recommendations
By Yuri Papshev   |  Apr 09, 2021 07:30AM ET
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Despite the decline, Brent Oil is traded in the bull market. The price found support at 62.70, while technical indicators OSMA and Stochastic turned up on the daily chart, signaling an upward advance.

However, the breakout of the support levels 55.80, 53.80 will strengthen the negative dynamics and the likelihood of a return into the downtrend.

Support levels: 62.70, 61.40, 60.00, 59.40, 55.80, 53.80, 51.07
Resistance levels: 63.63, 63.92, 65.56, 67.72, 70.00, 71.82, 75.50, 86.6

Trading recommendations

Sell Stop 61.30. Stop-Loss 65.60. Take-Profit 61.00, 60.00, 59.40, 55.80, 53.80, 51.07
Buy Stop 65.60. Stop-Loss 61.30. Take-Profit 67.72, 70.00, 71.82, 75.50, 86.60

Brent-D
Brent-D

Brent Oil Trading Recommendations
 

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Brent Oil Trading Recommendations

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Comments (1)
Omar Alkhemeiri
Omar Alkhemeiri Apr 10, 2021 6:47AM ET
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Thanks for your valuable analysis, don't you see that Brent will test 58 and from there it will be on an uptrend until it breaks through $ 80Thanks again💐💐
Jonas Kvistfors
Jonas Kvistfors Apr 10, 2021 6:47AM ET
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Why 58? Nothing in the chart points specifically to that number
 
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