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BCOUSD

Imperfection of the OPEC + deal in the future. Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world!
OANDA:BCOUSDShort
by vinterfrank
1
Brent Crude Oil: A good opportunity for short-term climbHere is my view on the short-term buying opportunity for Brent Crude Oil. Since the recent sell-off on the markets, many retail traders became biased toward the bearish scenario in the near future. Despite that, many instruments show quite significant gains and provide us with the nice trading opportunities. Remember: the price itself does not matter in trading. What we want to spot is a good Risk-Reward Ratio for upcoming trades and significant percentage gains since trade entries. The chart says pretty much everything about my view on the next opportunities for trading Brent. In case if the price drops below $18, I consider it as a manipulation before the reversal. ======================================== GENERAL RULES TO KEEP YOUR ACCOUNT SAFE: 1. Do not risk more than 2-3% per trade! 2. Try to wait for a trade with the Risk-Reward Ratio at least 3:1 3. Always use stop-loss! 4. Do not FOMO and do not add to a losing trade 5. Remember: Patience is the key! THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
OANDA:BCOUSDLong
by myka
BUY BRENT CRUDE? SURELY YES!!!!Hard to even imagine that Brent Crude hit $149 back in 2008. Now standing at 22.32 surely this looks a good place to buy. At these low levels there's no historical support buy with RSI on the Monthly time frame at 26 and signs of a move north on mid time frames I'm in on this trade at 22.39 with a STOP under the low at 16.95 and a provisional target at WR1 Pivot at 30.67. Should we get anywhere near there the T.P. will be moved as once the BULLS get into this market we could go much higher particularly if DJT open up America as he likes to claim he's doing. Might still be a rocky ride ahead for Brent Crude but this looks a decent opportunity for a LONG trade.
OANDA:BCOUSDLong
by theforexportal
Brent Crude Oil. Proper Technical Analysis.Greetings fellow traders, As time goes by, the markets evolve... If your way of TA is strong, then the path will lead its way... More visible, more probable: Dashed lines; Possible forming patterns / support or resistance Solid lines; Confirmed patterns / support or resistance Dotted lines; Possible price-action trajectories / wave trend Lighten colors = support | Darken colors = resistance Current Pattern Formation Level: Alpha pattern: Falling Wedge Possible Beta pattern: Descending Channel Today's Note: it's time to separate the boys from the men and do some proper Technical Analysis. Because guys, there are people out there who are actually saying that Technical Analysis is a "self fulfilling prophecy". The next sentence, only fundamentals can help you... Well, this kinda make my blood boil. I mean, it's like looking through a looping glass. I reckon they are living an inverted world. How can you be so confident on fundamentals only, when you know you're living in a fake news era. This seems ignorant, apparently lazy, hypocritical and a bit naive to me. Because truthfully, like most and far more experienced true great traders or analysts would say, "Show me the markets, then I'll show you the news!". if you want to believe in lies, that's your prerogative. However, telling lies about Technical Analysis... M@*&#^$!*@#!%_F@cker, better be ready to take some verbal punches... ^_^ Since some of these idiots basing their so called recession on crude oil technical's and fake news. In addition fear mongering. Well, let me show you the real news. This drop was suppose to happen anyways. It already got rejected at the resistance, heading back towards the support for a retest. Just as what is happening now. So yeah, it looks like it's even going down a bit more. But a recovery looks inevitable. You have to look at the big picture not only a moment in time. The price action is about to reach a super strong support. Which is highly probable that the price action is going to bounce back up, retesting and possibly even breaking out, reaching new all time highs. I want to say... Beat that, with your click bait fundamental based on fake news crap. However, currently only time will tell, whether this forecast will truly play out. Needless, it does not matter why this is going to happen, as long as you cannot estimate the possible trajectory. Might be cool if you were coincidentally correct. But you will never be able to tel when to enter and/or exit the market. NO CLUE. The same people were super bullish before the BAKKT dump with btcusd. Getting rekt afterwards. Justice already prevailed, fortunately. Yet, they keep trying. Anyhow, in this case I will wait for a confirmation of the support and hence showing a bounce back movement. That's the safest way of entering the markets. Follow the trend. Because, the trend is your friend!!!!!! Although, you need to have real TA skills & some experience to find them. I have yet to see the first Fundamental analyst, who shows a rational possible target to enter nor exit. Who knows, they say there is a first time for everything. I fear I might be dead due to old age by then though. To be concluded...
OANDA:BCOUSD
by bonic