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Brent

TradePlus-Fx|GOLD: new high💬Description: On Friday evening, just before the market closed, the metal renewed its local high. This made sellers nervous, and most of them bought the market with a minus on their account. However, the instrument is unlikely to develop this offensive by buyers now, and a rollback to 1948.160 is expected in the near future. The price may go even lower under 1948.160 , but over a longer distance, with a high degree of probability, the metal will rise again and even mark new highs. 🔔 FX CALENDAR TODAY 🔔 🇩🇪German GDP (q/q) 🇪🇺Consumer Confidence 🇪🇺Consumer Inflation Expectation 🇩🇪CPI 🇺🇸Dallas Fed Manufacturing Index 🇨🇦BoC Gov Macklem Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
OANDA:XAUUSDShort
by TradePlus-Fx
20
TradePlus-Fx|BRENT: intraday idea💬 Description: Today, the instrument is at the level of 87.45 and is most likely to prepare for a fall in the more medium term. But here it is necessary to take into account the geopolitical background, which greatly influences oil. Today, an idea is proposed, the time frames of which are within the day. Namely, long for the purpose of local updating of the maximum. The approximate target is the level of 90 . After which, as was said, the price will most likely rush down again, if there are no sharp geopolitical surges on the world stage. 🔔 FX CALENDAR TODAY 🔔 🇺🇸PCE Price index 🇺🇸CPI 🛢US Baker Hughes Total Rig Count ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
TVC:UKOILLong
by TradePlus-Fx
12
TradePlus-Fx|USDCAD: BoC meeting💬 Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD , namely to look up (look at the chart) . But most likely, there will be volatility during or after the meeting of the Central Bank of Canada, then the pair is most likely to roll back down. The expected movement is thus depicted on the chart . As a result, the more global target remains the same, and we expect growth to 1.38271 level. 🔔 FX CALENDAR TODAY 🔔 🇺🇸New Home Sales 🇨🇦BoC Interest Rate Decision 🛢Crude Oil Inventories 🇨🇦BOC Press Conference 🇪🇺ECB President Lagarde Speaks 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
12
Brent OIL in USD until April 2024 + some projections into 2025 Weekly timeframe suggests that BRENT is in its second half accumulation area, which will last until April 2024. Inside the accumulation area OIL will in the range of USD 79-96, bottoming in the mid of December 2023 and topping in the end of February 2024. The last bottom of accumulation phase will happen in the mid of April at the level of around USD 90, but no lower than USD 87. End of April will mark a major breakout from the accumulation phase starting a new sequence of higher highs, the first is expected around the level of USD 98. Followed by a quick retest of USD 93-96 range ending in the beginning of July 2024. The long awaited OIL bullrun is likely to start in July 2024 and last until mid September 2025 reaching USD 213 level.
VELOCITY:BRENT
by discarding
Oil Brent - H4\D1Oil Brent The nearest target is at 96.00 in continuation of the 5th wave on D1 H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend. What to expect now? Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88 When opening a position, it is best to exit the position from the level of 86.47 - 85.66, if this scenario does not materialize. Long Targets 89.98 - 91.40 - 92.75 - 94.88 - 96.00
TVC:UKOILLong
by Trade_Hive_Signals
WTI BEARISH OUTLOOKOil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination of rising inventories, reduced demand, and economic uncertainties, highlighting the impact of geopolitical tensions and broader market sentiment on oil markets. The market's attention has been fluctuating between geopolitical factors, including the conflict in the Middle East, and macroeconomic concerns, such as U.S. Treasury yields nearing 5% and the pace of economic growth. These uncertainties are affecting oil demand and prices, making it a volatile and complex market. Additionally, the article touches on issues related to the energy transition, with companies like Shell cutting jobs in its Low Carbon Solutions business, and Siemens Energy seeking government support for its wind-turbine unit. On a technical side, the daily graph had formed a Three Black Crows pattern 2 days ago, which is a reliable predictor of continuous down movement, technical indicators as MACD and RSI are also in the sell zone. If this trend continues, the price might reache levels of 79.64, while as a pivot point might be considered 84.34, from where the price might go to 87.82 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
OIL MIGHT BE GETTING INTO FURTHER SELL-OFFOil prices have continued to decline, marking the third consecutive session of losses. This decline is attributed to a series of sluggish economic data releases from Germany, the eurozone, and Britain, which have raised concerns about energy demand. Brent crude futures dropped by 2%, down $1.76 to $88.07 per barrel, while U.S. West Texas Intermediate crude futures fell by 2.2%, down $1.91 to $83.58 per barrel. The eurozone's business activity data showed an unexpected downturn this month, raising fears of a potential recession in the region. Germany, one of Europe's economic powerhouses, appeared to be slipping into a recession, and Britain reported another monthly decline in economic activity, increasing concerns of a recession ahead of the Bank of England's interest rate decision. These economic uncertainties, along with other global factors, have contributed to the downward pressure on oil prices. Despite the economic concerns in Europe, the U.S. recorded an uptick in business output in October, which helped boost the U.S. dollar, making dollar-denominated oil more expensive for holders of other currencies. Additionally, concerns surrounding the situation in the Middle East, where diplomatic efforts are underway to contain the Israel-Hamas conflict, have also impacted oil prices. Overall, the oil market remains on edge, with a focus on potential supply disruptions and geopolitical tensions. If this trend continues, the price might reach levels of 81.53. In the opposite scenario, as a pivot point might be considered 86.38, from where the price might reach levels of 89.32. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
TradePlus-Fx|USDCAD: new plan💬 Description: The market is again actively developing a trend towards strengthening metals, the US dollar, and let us also highlight the Swiss franc. All this has to do with safe assets. Accordingly, it is better to take a closer look at purchases using these instruments. We pay special attention to USDCAD , here sellers cannot realize their potential, and most likely a major player will take out the data of market participants. The general trend towards a strengthening US dollar will only confirm this assumption. In addition, if oil prices begin to correct, this will give a clear impetus to the growth of the currency pair in question. The target for the transaction is located at the level of 1.38271. 🔔 FX CALENDAR TODAY 🔔 🇨🇦Retail Sales 🛢US Baker Hughes Total Rig Count ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
13
Best trade of the week? USDCAD or Oil? Will bearish bets on the Canadian dollar grow in the lead up to Wednesday? It is widely expected that the Canadian central bank will leave interest rates on hold during its meeting that concludes on this day (Although, it may be a hawkish hold as the Governor Tiff Macklem will mention that another hike is still on the table for the bank). Perhaps piling on the bearish sentiment is the slight fall in the price of oil (one of Canada's major exports), as US diplomatic efforts continue to contain the conflict between Israel and Hamas. How long this quietish period can last is up for debate though, and a ground offensive by the IDF in Gaza could send oil prices higher. Bullish takes on the USD/CAD (i.e., bearish bets on the Loonie) will have 1.37350 to content with, which is the high the pair reached before cratering to 1.36712 to start the week. 1.36936 is the more immediate resistance for bull to cross before even thinking about the day's high. The RSI’s weakness suggests this won’t be too difficult though, and 1.37189 might be the more formidable resistance.
by BlackBull_Markets