Brent Crude NYMEX (BZ.FUT)

Close: 73.58 (+0.95), Dec 24, 2024
Hold

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

Short term

Investors have accepted lower prices over time to get out of Brent Crude NYMEX and the future is in a falling trend channel in the short term. Falling trends indicate that the future experiences negative development and falling buy interest among investors. The future is moving within a rectangle formation between support at 71.12 and resistance at 74.29. A decisive break through one of these levels indicates the new direction for the future. The future has support at 71.10 and resistance at 75.20. The future is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative (Score: -45)

Medium term

Brent Crude NYMEX shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Brent Crude NYMEX. The future is moving within a rectangle formation between support at 71.12 and resistance at 74.17. A decisive break through one of these levels indicates the new direction for the future. The future is testing support at 73.20. This could give a positive reaction, but a downward breakthrough of 73.20 means a negative signal. The future is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: -2)

Long term

Brent Crude NYMEX is within an approximate horizontal trend channel in the long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The future is testing support at 72.00. This could give a positive reaction, but a downward breakthrough of 72.00 means a negative signal. The future is assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 67)


Overall analysis

Brent Crude NYMEX is technically negative for the short term, neutral for the medium term, and positive for the long term.

Recommendation one to six months: Hold (Score: 12)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.34%0.59+1.31%
5 days-88.354.43%1.43+0.53%
22 days34.6310.79%1.68-0.88%
66 days35.3920.09%2.32-1.22%
 


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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