ForecastCity

Brent Crude Oil - Weekly technical analysis update

Short
FX_IDC:USDBRO   U.S. DOLLAR / BRENT CRUDE OIL
Midterm forecast:
46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.

Technical analysis:
A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19. 40 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 34.

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Comments

Well done.
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ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks 👍
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I really wonder how amazing you are. 👍
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ForecastCity Pro_Trader_007
@Pro_Trader_007, Thanks for your kind comment. 💎🙏💎
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Thumbs up 👍
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@Kamryn, Thank you
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@Kamryn, all the best
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It really helps me as a beginner.
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@Sir_Ray, Happy to be of help!
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A very useful one! Thanks

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