Back to Blog

Brent Crude: Daily Forecast

Brent Crude headed lower as expected but broke all our support to bottom at 101.82. Resistance at 102.98 today may hold the topside but above here look for 103.75/80 & a selling opportunity with stops above 104.15. Immediate support at 102.43/34 but any longs need stops below 102.05 for a test of yesterday’s low & support at 101.82/70. A low for the day is possible here again but longs need stops below 101.30 for 100.80 then excellent support at 100.25 & a buying opportunity here this week.

Jason Sen
Daily Technical forecasts US, Europe & Asia
Equity Index, Commodities, Forex & Fixed Income
daytradeideas.com
Disclaimer
The comment in this blog is the personal opinion of the contributors and not InterTrader.com. The content does not constitute financial, investment or tax advice. You are advised to discuss your specific requirements with an independent financial adviser prior to entering into any bet. InterTrader.com is not responsible and disclaims any and all liability for the content of comments written by contributors to the blog, and the content of any third party sites linked from this blog.

Share this post

Back to Blog

Spread betting and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading these products with this provider.
You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.