Brent Crude NYMEX (BZ.FUT)

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

chart Brent Crude NYMEX (BZ) Candlesticks 22 Days
Candlesticks
chart Brent Crude NYMEX (BZ) Short term
Short term: Negative
chart Brent Crude NYMEX (BZ) Medium term
Medium term: Negative
chart Brent Crude NYMEX (BZ) Long term
Long term: Negative
chart Brent Crude NYMEX (BZ)
RSI - Relative Strength Index

Short term

Brent Crude NYMEX is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the future, and indicates negative development for the future. The future has support at 64.20 and resistance at 69.30. Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the future. The RSI curve shows a falling trend, which supports the negative trend. The future is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -60)

Medium term

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)

Long term

Brent Crude NYMEX has broken down from an approximate horixontal trend channel in the long term after investors have sold at ever lower prices. A negative signal has been triggered and further decline for the future is indicated. It also gave a negative signal from the rectangle formation at the break down through the support at 68.01. Further fall to 50.78 or lower is signaled. The future has broken down through support at 72.00. This predicts a further decline. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The future is overall assessed as technically negative for the long term.

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


Overall analysis

Brent Crude NYMEX is technically negative for the short, medium, as well as the long term.

Recommendation one to six months: Negative (Score: -90)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.34%1.89+0.48%
5 days-34.414.40%2.65-1.60%
22 days-46.5610.49%3.36-8.42%
66 days-28.4318.05%2.51-15.66%
 


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.


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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