VineetYadav

MONTHLY VIEW ON BRENT CRUDE

FX:UKOIL   Crude Oil (Brent)
26 4 0
Monthly chart shows that Brent Crude has tested the monthly chart trend line in year 1999 , 2002             & 2009 and has taken support on this line ( white line ) . As it has breached $68 level it can test this monthly trend line again which currently stands at $53 - $54 mark . As of now the trend is bearish and will continue till it breaches the upper resistance line on monthly chart . Its also forming a kind of symmetrical triangle on monthly chart and its bottom line is also at the $53 mark .
VineetYadav
2 years ago
Crude has already reached $61 mark as expected . Now it confirms on monthly basis that that $55 mark is still in line with the trend .
Reply
VineetYadav
2 years ago
UKOIL has already touched $57 mark from $68 mark which is $11 down . Still it has its doors opened for $53 mark which is merely $3 from here .
Reply
VineetYadav
2 years ago
As the monthly trend line has been breached the lower levels of $40 are now open . One can expect a little bounce back but overall view will still be bearish unless and until it breaches upper trend line on monthly chart.
Reply
VineetYadav
2 years ago
Perfect bounce from the trend line which has made it even better .
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out