Brent Crude NYMEX (BZ.FUT)

Close: 66.87 (+0.32), Apr 25, 2025

Negative

Automatic technical analysis. Medium term, Apr 25, 2025

Brent Crude NYMEX is in a falling trend channel in the medium long term. Falling trends indicate that the future experiences negative development and falling buy interest among investors. The future has met the objective at 64.40 after the break of the rectangle formation. The price has now risen again, but the formation indicates a further fall. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the future has resistance at 69.00 . Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the future. The future is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -97)

Period	Vol.bal.	Volatility	Liquidity	+/- %
1 day	-	1.34%	1.89	+0.48%
5 days	-34.41	4.40%	2.65	-1.60%
22 days	-46.56	10.49%	3.36	-8.42%
66 days	-28.43	18.05%	2.51	-15.66%

More analyses of Brent Crude NYMEX

Candlesticks

Short term: Negative

Medium term: Negative

Long term: Negative

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