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ForecastCity_ME
Oct 4, 2020 4:55 PM

Brent Crude Oil - Weekly technical analysis update Short

U.S. DOLLAR / BRENT CRUDE OILICE

Description

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