Number of analysis
Number of traders
Last analysis
Find a Product / Trader / Group :
BRENT CRUDE OIL
BRENT CRUDE OIL
Ticker: BRN ISIN: Type: Commodities
Open: 56.69
Change: -0.82
Volume: 35,990
High: 55.58
Low: 56.99
High / Low range: 1.41
55.84 USD (-1.45%) 2017-02-22 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: http://bit.ly/2bT29xp). 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 - 4H
BRENT CRUDE OIL live chart
Download a full-size picture

About author

  • Overall rating : 1012
  • Number of analysis : 432
  • Follower(s) :27

Technical analysis comments

Add a comment to this analysis

You must be logged in if you want to chat ...