ForecastCity_ME

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

I'm so grateful for your help.
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ForecastCity_ME Josef_anderson
@Josef_anderson,  We're happy to help!
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ForecastCity_ME Josef_anderson
@Josef_anderson,  We're glad you like it. 😊💚
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ForecastCity_ME Josef_anderson
@Josef_anderson, Thank you for your comment.
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ForecastCity_ME Josef_anderson
@Josef_anderson, We wish you good luck with your trades.
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Thanks, bro! Good work!
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ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, You are always welcome
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ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thanks for your comment 💎🙏💎 We appreciate it
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Very accurate. Thanks a lot
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@Kristalyn, You are very welcome
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