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ForecastCity
Oct 4, 2020 4:52 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
Well done.
ForecastCity
@Pro_Trader_007, Thanks 👍
Pro_Trader_007
I really wonder how amazing you are. 👍
ForecastCity
@Pro_Trader_007, Thanks for your kind comment. 💎🙏💎
Kamryn
Thumbs up 👍
ForecastCity
@Kamryn, Thank you
ForecastCity
@Kamryn, all the best
Sir_Ray
It really helps me as a beginner.
ForecastCity
@Sir_Ray, Happy to be of help!
Sir_Ray
A very useful one! Thanks

🔥👍🍀 👍🔥
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