Brent Crude NYMEX (BZ.FUT)

Close: 63.69 (-3.19), Mar 1, 2021
Weak Positive

Automatic technical analysis. Medium term, Mar 1, 2021

Brent Crude NYMEX is in a rising trend channel in the medium long term. This shows that investors over time have bought the future at higher prices and indicates good development for the future. The future is approacing resistance at 69.00 , which may give a negative reaction. However, a break upwards through 69.00 will be a positive signal. RSI is above 70 after a good price increase the past weeks. The future has strong positive momentum and further increase is indicated. The future is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 38)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.16%2.01-4.77%
5 days4.488.13%1.24-2.38%
22 days23.5426.00%1.69+14.12%
66 days21.4371.77%1.44+41.66%

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: Weak Positive
chart Brent Crude NYMEX (BZ) Long term
Long term: Weak Negative
 


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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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