Brent Crude NYMEX (BZ.FUT)

Close: 84.86 (+0.86), Oct 15, 2021
Positive

Automatic technical analysis. Medium term, Oct 15, 2021

Brent Crude NYMEX shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the future experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the future has support at approximately 76.00 . Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The short term momentum of the future is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Brent Crude NYMEX. The future is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 93)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.90%2.50+1.02%
5 days17.296.88%3.14+3.00%
22 days28.3218.08%2.33+12.46%
66 days-25.2735.95%2.11+13.51%

More analyses of Brent Crude NYMEX

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


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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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