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ForecastCity
Oct 4, 2020 4:46 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
Pro_Trader_007
It's outstanding 👍
ForecastCity
@Pro_Trader_007, Thank you for your comment.
davidgorib
grande analise, vou aproveitar...
ForecastCity
@davidgorib, Thank you for your comment.
ForecastCity
@davidgorib, We appreciate it
Mehmetozdemi
I agree, btw thanks for the WTI the other day, it helped me a lot.
ForecastCity
@Mehmetozdemi, Thank you for sharing your feedback.
We hope you enjoy it.
ForecastCity
@Mehmetozdemi, You are always welcome
Josef_anderson
Very nice chart.
ForecastCity
@Josef_anderson, Thank you for your feedback.
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