Brent Crude NYMEX (BZ.FUT)

Close: 49.25 (+0.54), Dec 4, 2020
Hold

Automatic technical analysis. Medium term, Dec 4, 2020

Brent Crude NYMEX has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The future has received a positive signal from the moving average indicator, thus signaling a continued rise. The future has support at 45.00 and resistance at 58.00. RSI above 70 shows that the future has strong positive momentum in the short term. Investors have steadily paid more to buy the future, which indicates increasing optimism and that the price will continue to rise. The RSI curve shows a rising trend, which could be an early signal for the start of a rising trend for the price as well. The future is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 7)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.24%1.46+1.11%
5 days55.098.44%1.22+2.22%
22 days37.8225.78%1.31+24.02%
66 days30.0167.59%1.11+8.05%

More analyses of Brent Crude NYMEX

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