BRENT - Intraday forecast, Technical Analysis & Trading Ideas

9 Feb

Midterm forecast:

• While the price is above the support 68.485, beginning of uptrend is expected.
  
• We make sure when the resistance at 81.651 breaks.
  
• If the support at 68.485 is broken, the short-term forecast -beginning of uptrend- will be invalid.
  

Technical analysis:

• A peak is formed in daily chart at 81.735 on 01/15/2025, so more losses to support(s) 73.868, 71.698, 70.505 and minimum to Major Support (68.485) is expected.
  

Take Profits:

1. 75.270
   
2. 77.558
   
3. 79.049
   
4. 81.651
   
5. 84.161
   
6. 87.271
   
7. 91.613
   
8. 95.108
   
9. 98.908
   
10. 103.260
    
11. 106.431
    
12. 115.785
    
13. 123.265
    
14. 131.000
    

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ForecastCity Support Team

9 Feb

Nota

We mistakenly wrote "Intraday forecast" in the title. This is a weekly forecast in daily timeframe.