in commentary, technical analysis

Oil Technical Analysis for 8th August

On July 17th Brent gave a buy signal from a “Head and Shoulders bottom” pattern. On that day we finished our commentary thus: 116.65 here we come!!!
Since then we’ve seen a rally to 108.18 then a pullback that held the broken Neckline, followed by another strong rally. Here are a few snippets from our analysis this week:
Monday:

Read more

in technical analysis

Brent Crude Technical Analysis

Here is a segment from today’s Brent Crude Technical Analysis report from FuturesTechs. We gave clients a preemptive “call” prior to last week’s sell off, and this morning’s price action, a failure at 118.37, could be the start of the next leg lower.
A free trial is available by following the links on our website.
Getting above 115.62 was …

Read more

in technical analysis

Brent Crude Technical Analysis – 3rd May

FuturesTechs covers a number of contracts within the Energy complex; Brent Crude, GasOil, NYMEX WTI, Natural Gas, and Carbon Emissions.
As well as this our Commodity coverage includes Gold and Silver, plus Corn, Wheat and Soybeans.
Below is today’s Brent comment and chart. We also provide Support and Resistance levels, gleaned from our analysis of the charts, plus “Automated” …

Read more

in technical analysis, Uncategorized

Brent Crude Oil breaking higher – Technical Analysis

Here at Futures Techs we cover, on a daily basis, Brent Crude Oil, GasOil, NYMEX WTI (AKA Light Sweet Crude), Natural Gas and Carbon Emissions. Below is today’s comment and levels for Brent Crude, where we’ve seen a good move in recent sessions.
A bullish breakout on Wednesday was backed up beautifully by another strong session yesterday as we traded …

Read more