Get started
UnknownUnicorn39322609

Brent Crude

Long
Brent Crude Futures (ICEEUR:BRN1!)  
UnknownUnicorn39322609  
ICEEUR:BRN1!   Brent Crude Futures
Chart Patterns Trend Analysis Technical Indicators Technical Analysis movingaveragepriceaction chartpatterntrading
8
0
chartpattern trendanalysis indicator technicalanalysis movingaveragepriceaction chartpatterntrading
We applied parallel line and 20 moving average on weekly basis. Currently brent crude is trading at USD 97.31 which is upper range of parallel line and just above 20 moving average on weekly basis. If, brent crude could cross USD 100 psychological level on daily closing basis, we could se a good rally up to USD 115.

As per my opinion, in order to go long; brent crude must cross USD 100 on firm basis.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.