Partner with US
login
Open Free Account

Resources

Brent Crude - Technical Take

/
Bryan Stewart
Screen Shot 2018-01-26 at 09.03.12

Technical take on Brent Crude

Over the past several months, a strong upward channel has formed on Brent, underpinned by the 10 wMA, offering good support on the pullbacks with the market continuing to put in higher highs and higher lows. If this price range continues we could see a small pullback, consolidation around the $69/$70/bbl in favour of a bullish continuation towards $80.00/bbl.

Trade: Brent Crude

  • Entry Long (Buy): $70.00/bbl
  • Stop Loss: $67.05/bbl
  • TP1: $72.00/bbl
  • TP2: $74.70/bbl

Always remember to apply your risk management measures before placing your trades as this will keep you trading in the markets.

 

Disclaimer: Any opinions, news, research, analyses, prices, or other information contained within this research is provided as general market commentary, and does not constitute investment advice. GT247.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content contained within is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.


 

GT247.com: +27 87 940 6101

IT support & help desk: +27 87 940 6107

Client relations (new accounts): +27 87 940 6106

Sales: +27 87 940 6108


 

SEARCH ALL RESEARCH