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Ticker: BRN ISIN: Type: Commodities
Open: 54.28
Change: +1.33
Volume: 28,920
High: 54.19
Low: 55.79
High / Low range: 1.60
55.49 USD (+2.46%) 2017-01-20 00:00:00 EOD data - Futures NYMEX

BRENT CRUDE OIL - Brent Crude Oil: Target Locked at $48.90 - 4H

The Brent Crude Oil is still looking much more bullish, following the aggressive pullback from the $45.40 support level. The oil is creating the third consecutive positive day and surged more than 2.3% during yesterday’s session. The price surpassed above the 200-SMA while is currently trading slightly below the 100-SMA and 50-SMA on the 4-hour chart. On our yesterday’s session, we suggested an entry level above the $47.30 barrier and a target at $48.90 resistance level. The price reached our mentioned target and challenged the $49.46 resistance level (see technical analysis here: Technical indicators are endorsing the bullish tone since are rising the last couple of days. The MACD oscillator holds in a neutral area while the RSI indicator is following a positive path.
BRENT CRUDE OIL live chart
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