Brent Crude NYMEX (BZ.FUT)

Close: 75.17 (+0.94), Nov 22, 2024
Weak Positive

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

Brent Crude NYMEX 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 has broken an inverse head and shoulders formation. A decisive break of the neckline at approximately 74.92 will signal a further rise to 79.62 or more. The future is testing resistance at 75.40. This could give a negative reaction, but an upward breakthrough of 75.40 means a positive signal. The future is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: 15)

Medium term

Brent Crude NYMEX is in a falling trend channel in the medium long 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 71.00 and resistance at 78.40. The future is assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: -23)

Long term

Brent Crude NYMEX is within an approximate horizontal trend channel in the long term, which indicates further development in the same direction. The future is moving within a rectangle formation between support at 68.75 and resistance at 84.61. A decisive break through one of these levels indicates the new direction for the future. The future has broken up through resistance at 72.00. This predicts a further rise. The future is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 83)


Overall analysis

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

Recommendation one to six months: Weak Positive (Score: 41)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.39%2.06+1.27%
5 days48.944.55%2.13+5.81%
22 days4.2510.92%2.26+0.28%
66 days14.8320.48%2.47-1.16%
 


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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