October 31, 2024, 6:14 AM ET, BY Randall S. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for BNO

• Buy BNO near 28.56, target 30.84 stop loss at 28.48 Details

Technical summary data tells us to buy BNO near 28.56 with an upside target of 30.84. This data also tells us to set a stop loss at 28.48 to protect against excessive losses in case the stock begins to move counter to the trade. 28.56 is the first support level below 28.83 and generally any test of support is a buy signal. In this case, support 28.56 would be tested, so a buy signal would exist.

• Short BNO slightly below 30.84, target 28.56, stop loss at 30.93 Details

Technical summary data suggests a short sale on BNO as it nears 30.84 with a downside target of 28.56. We should, however, have a stop loss in place at 30.93. 30.84 is the first resistance level above 28.83 and generally any resistance test is a short signal. In this case, if resistance 30.84 is tested, there will be a short signal.

Swing Trading Plans for BNO

• Buy BNO slightly above 29.43, target 30.84, Stop Loss at 29.35 Details

If 29.43 begins to move higher, the technical summary data tells us to buy BNO just above 29.43, with an upside target of 30.84. The data also tells us to set a stop loss at 29.35 in case the stock turns against the trade. 29.43 is the first resistance level above 28.83 and generally any break above resistance is a buy signal. In this case, 29.43, the initial resistance, would be in the event of a breakout higher, so a buy signal would exist. Since this plan is based on a breakout of resistance, it is called a long resistance plan.

• Short BNO slightly near 29.43, target 28.56, Stop Loss @ 29.51. Details

Technical data in the summary suggests a short sale on BNO if it tests 29.43 with a downside target of 28.56. We should, however, have a stop loss in place at 29.51 in case the stock begins to move counter to the trade. Typically, any resistance test is a short signal. In this case, if resistance 29.43 is tested, a short signal would exist. This plan being a short plan based on resistance test, it is called short resistance plan.

Day trading plans for BNO

• Buy BNO slightly above 29.43, target 30.84, Stop Loss at 29.36 Details

If 29.43 begins to move higher, the technical summary data tells us to buy BNO just above 29.43, with an upside target of 30.84. The data also tells us to set a stop loss at 29.36 in case the stock turns against the trade. 29.43 is the first resistance level above 28.83 and generally any break above resistance is a buy signal. In this case, 29.43, the initial resistance, would be in the event of a breakout higher, so a buy signal would exist. Since this plan is based on a breakout of resistance, it is called a long resistance plan.

• Short BNO slightly near 29.43, target 28.65, Stop Loss @ 29.5. Details

Technical data in the summary suggests a short sale on BNO if it tests 29.43 with a downside target of 28.65. We should, however, have a stop loss in place at 29.5 in case the stock begins to move counter to the trade. Typically, any resistance test is a short signal. In this case, if resistance 29.43 is tested, a short signal would exist. This plan being a short plan based on a resistance test, 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 notes from October 31:

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When #institutionalinvestors make decisions to buy and sell #stocks that they normally want to keep quiet. However, if we pay attention, we can see what is happening and make good decisions. US Brent Crude Oil Fund (NYSE:BNO) below may help you understand how to do this. Trading plans for BNO are updated in real time for subscribers, but this report is static. If you would like an update or different report on different stock, please get one here Unlimited real-time reporting.