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  • BRN - UK Brent Crude Oil
BRN

BRN

UK Brent Crude Oil

%
Trading schedule (UTC0) -
 Closed Now
Opening on Monday at 01:05

Open

Close

High

Low

Day’s range

52wk range

-
Short swap -2.7
Sell
Long swap -3.2
Buy
Min spread
0.030
Avg spread
0
Current spread

UK Brent Crude Oil

By date
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  • Metadoro first
21.01.2025 In-house analytics

Brent crude prices are unlikely to sustain levels above the key resistance at $78.00-80.00 per barrel. Following a 10.0% rally to $82.78 in the first half of January, driven by new U.S. sanctions targeting Russia’s oil sector, the market now appears primed for a pullback.

Prices have returned to the trend resistance zone at $79.50-80.00 per barrel. Should the pullback persist, Brent crude may re-enter a downtrend, effectively closing the door to further upside opportunities if it drops below $78.00. While there are still prospects for upward movement, current conditions make short trades particularly risky at this stage.

However, if prices consistently remain below the $78.00-80.00 resistance level, I plan to initiate a short trade, targeting an ambitious downside range of $69.00-71.00 per barrel. This trade will be set up following a retest of the resistance zone, with a stop-loss placed at $87.00 per barrel to safeguard against excessive market volatility.

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Details
Account Type
CFD Trading: MetaTrader 5
CFD Trading: MetaTrader 5
Investing: Web
CFD Trading: MetaTrader 4
Commission 4 USD
Trading schedule (UTC0)
Closed Now Opening on Monday at 01:05
Monday 01:05 - Monday 21:55
Tuesday 01:05 - Tuesday 21:55
Wednesday 01:05 - Wednesday 21:55
Thursday 01:05 - Thursday 21:55
Friday 01:05 - Friday 20:55
This shows the opening hours in your local time zone (UTC0)
Ticker BRN
Contract value 1000
Maximum leverage 1:100
Swaps history
Loading
Date Short Swap (%) Long Swap (%)
Minimum transaction volume 0.01 lot
Maximum transaction volume 100 lots
Hedging margin 50%

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