Brent Crude NYMEX (BZ.FUT)

Close: 73.79 (+1.56), Jul 22, 2021
Weak Positive

Automatic technical analysis. Medium term, Jul 22, 2021

Brent Crude NYMEX shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The future is between support at 70.00 and resistance at 76.00. A definitive break through of one of these levels predicts the new direction. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The future is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 34)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.20%2.22+2.16%
5 days-54.018.19%2.78+0.44%
22 days-27.6825.97%2.52-1.48%
66 days-33.3565.83%2.08+10.05%

More analyses of Brent Crude NYMEX

chart Brent Crude NYMEX (BZ) Candlesticks 22 Days
Candlesticks
chart Brent Crude NYMEX (BZ) Short term
Short term: Hold
chart Brent Crude NYMEX (BZ) Medium term
Medium term: Weak Positive
chart Brent Crude NYMEX (BZ) Long term
Long term: Hold
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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