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June 30, 2024, 4:50 AM ET, BY Rolland S. – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for BNO

• Buy BNO just above 31.2, target 33.42, stop loss at 31.11. details

The technical summary data tells us to buy BNO at 31.2 with an upside target of 33.42. This data also tells us to set a stop loss at 31.11 to protect ourselves from excessive losses in case the stock starts moving against the trade. 31.2 is the first support level below 32.15 and any test of support is usually a buy signal. In this case, the support at 31.2 is tested, a buy signal would be present.

• Short BNO just below 33.42, target 31.2, stop loss at 33.52 details

The technical summary data suggests a short of BNO as it approaches 33.42, with a downside target of 31.2. However, we should place a stop loss at 33.52. 33.42 is the first resistance level above 32.15, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 33.42 resistance is tested.

Swing Trading Plans for BNO

• Buy BNO just above 32.72, target 33.42, stop loss at 32.63 details

If 32.72 starts to rise, the technical summary data tells us to buy BNO just above 32.72, with an upside target of 33.42. The data also tells us to set a stop loss at 32.63 in case the stock turns against the trade. 32.72 is the first resistance level above 32.15, and any break above resistance is usually a buy signal. In this case, 32.72, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BNO close to 32.72, target 32.13, stop loss at 32.81. details

The technical summary data suggests a short of BNO if it tests 32.72 with a downside target of 32.13. However, we should place a stop loss at 32.81 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 32.72 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for BNO

• Buy BNO just above 32.29, target 32.72, stop loss at 32.21 details

If 32.29 starts to rise, the technical summary data tells us to buy BNO just above 32.29, with an upside target of 32.72. The data also tells us to set a stop loss at 32.21 in case the stock turns against the trade. 32.29 is the first resistance level above 32.15, and any break above resistance is usually a buy signal. In this case, 32.29, the initial resistance, would rise to the upside, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short BNO close to 32.29, target 31.2, stop loss at 32.37. details

The technical summary data suggests a short of BNO if it tests 32.29 with a downside target of 31.2. However, we should place a stop loss at 32.37 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 32.29 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for US Brent crude oil fund (BNO) available here: BNO.

BNO Ratings for June 30:

AI-generated signals for BNO

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This report was created using an AI developed by Stock Traders Daily. Over the last 20 years, this proprietary AI has been refined to identify the most favorable trading strategies for both individual stocks and the stock markets themselves. This method is also applied to index options, ETFs and futures. The goal of this specific report is to optimize trading in US Brent crude oil fund (NYSE: BNO) while incorporating prudent risk controls.

Warning:

This is a static report. The data below was valid at the time of publication, but support and resistance levels for BNO change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection against market downturns with Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when BNO tests support, buy signals emerge and resistance is the target. Conversely, a test of resistance is a sign to control risk or sell, and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for BNO. All of these are offered below the summary table.