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Brent (Crude Oil Futures)

BRENT. Levels for intraday trading 9.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
💌 BRENT - Inflation and Geopolitics 🕊️🌎''One way to control inflation is to have cheap Oil around'' the Fxprofessor News: Brent crude oil price down below $67 per barrel on London’s ICE first since May 24 The price of WTI oil also went down by 2.52% MOSCOW, August 19. /TASS/. The price of futures contracts of Brent crude oil for October 2021 delivery went down by 2.18% on London's ICE on Thursday to $66.99 per barrel, diving below $67 per barrel for the first time since May 24, according to the trading data as of 10:00 am Moscow time. As of 10:25 am, the price of Brent oil was down by 2.11% compared with the previous closing at $66.79 per barrel. Meanwhile, the price of WTI oil was down by 2.52% at $63.53 per barrel. The MOEX Index was down by 1.35% at 3,872.18 points, while the RTS was down by 1.74% at 1,645.99. The dollar’s exchange rate was up by 0.45% at 74.14 rubles, while the euro’s exchange rate was up by 0.09% at 86.55 rubles. Geopolitics: If prices of Oil and Natural Gas are TOO high, Russia is becoming TOO dangerous (in the eyes of Americans, not in my eyes. In my eyes Russia and America should be best friends and fix this planet💌☮️🕊️🌎). -Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal. - In early June, when Brent climbed above $70 per barrel, Russian Deputy Prime Minister Alexander Novak said the oil price reflected the balance of supply and demand and was “good enough” for Russia. Tell me what you think. the FXPROFESSOR
TVC:UKOILShort
by FX_Professor
3
Almost there....After lagging behind the other indices is it the QQQ's turn to break out to a new high? QQQ has obviously been leading (not saying much) as of late. Growth seems to be ready to explode again. So much short interest up here without a doubt. We have grinded the way up and that's not a bad thing necessarily. Looking for a bit of a move up overnight/premarket then fade the gap after open. Will be heavily shorted almost surely again in that situation as the gap from weeks ago is still to be closed. Perfect storm as we hold in the general range of ATH's. Can good news catalysts rock the coke machine enough to pick a firm direction with some sustainability? The charts will tell us soon.
CME_MINI:NQ1!Long
by Todoubled23
Rejection of major level - bearishNew to the commodities but it's something I want to focus on more. Just sharing a very short view here: We see a clear rejection of the 30> levels on UK Oil. This is specifically visible on the daily chart, with a bearish 2-bar reversal. This level got rejected, we are in clear downtrend looking at the moving averages, and we closed below 30. Now we are hovering in high 29 area awaiting price action. We see a clear broadening falling wedge, where downside will be tested in next two weeks. Note the 30 level is also the support level of January 2016. The 30 level has been clearly broken last month, tested again, and rejected.
TVC:UKOILShort
by pptw
11
Brent Oil Changes Ticker to BURN1!Hello Traders, Would just like to remind you that we still need oil to get to space. Gold is a heat reflective material required for space travel and atmospheric re-entry, so please hold and sell your gold accordingly. Also, Brent changed their ticker from BRENT to BURN1!. MACD signal line will cross going upward on the month-view around 69 dollars according to the Madrid Moving Average Ribbons. Squeeze is up, ADX increasing, DI- over DI+. Happy Holidays and have a Great New Years! See you all in 2020! -dysonring2050
ICEEUR:BRN1!Long
by dysonring2050