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Brent

📈GOLD 07/27/2022: attention to $1715❗️📈 Priority direction: Up. 📝 Description: According to yesterday's analysis, we expect growth and the price, as expected, fell to $1715, from where one should carefully look at long. The direction remains the same (up), but there is a possibility that the price will dive under the $1715 level. In this case, to open a long position, it is necessary to wait for the price to close again above this level ($1715). If buyers fail to fulfill this condition, then longs should be refrained from at the moment. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDLong
by Market-Mentor
1
📈BRENT 07/26/2022: continued growth❗️📈 Priority direction: Up. 📝 Description: Oil is also starting to gain momentum and gradually recover. This outcome of events is expected for us, earlier this perspective was approved in the ideas. Now the levels of $105-106 are the nearest support from which the price will potentially continue to grow. An alternative (unlikely scenario suggests) a rollback to $101 and from there to look closely to buy. Long targets are at the levels of $109 and $111. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILLong
by Market-Mentor
1
CRUDE OIL (WTI) Your Trading Plan For Next Week🛢 Hey traders, WTI Crude Oil is approaching a solid demand area. To catch a bullish move from that, watch the reaction of the price to the resistance line of a falling parallel channel. If the price breaks and closes above that, we will expect a bullish movement at least to 104.5 level. Alternatively, bearish violation of the yellow zone will trigger a further decline. Good luck next week, traders! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
14
📉GOLD 07/25/2022: reverse attempt❗️📉 Priority direction: Down. 📝 Description: Friday's growth last week allowed the metal to strengthen, but buyers stopped at $1725. The price is currently trying to stop the local downtrend. Within 1-2 days, it will most likely be clear whether this will be done or not. At the moment, the focus is on the $1710 and $1700 levels. In the medium and long term, the instrument will most likely turn up, but before that there is a high probability that there will be another approach to $1700 and even lower. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDShort
by Market-Mentor
1
📈BRENT 21/07/2022: potential longs❗️📈 Priority direction: Up. 📝 Description: The downward channel for oil since mid-June indicated the priority of shorts, but at the moment, most likely, buyers will attempt to reverse the price and send it towards the latest highs. In the near future, the price will try to break through the resistance line of this channel. An alternative scenario assumes that the price will stand at current prices and then go up. Potential longs can be considered from the level of $101. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILLong
by Market-Mentor
1
UKOIL headed downGood day friends... spotting reluctance has really helped my understanding. From avoiding being caught in the wrong direction to forecasting, to setting targets....spotting reluctance just puts probability on our side... isn't that what we want as traders? to put probability on our side? So you may ask, how do we spot reluctance... going back to this UKOIL chart, I am not personally on this sell because it didn't meet my entry criteria, I was actually looking to go long but what did price do? It retraced into the demand zone , just wicked it slightly and proceeded very close to my target and then headed back to the demand zone.... what you just read is what I call reluctance …. its shows slowing of price and a possible reversal in place... once spotted my bias changed to bearish immediately... I was bearish on USOIL anyway (just didn't get an entry because it moved too impulsively)… with all these said.. we might just see UKOIL heading down as depicted on the chart.
FX:UKOILShort
by DM_FX_
$UKOIL - Multi-timeframe reviewHi guys! 👋🏻 🔔 Saudi Arabia refused to increase oil production requested by President Biden. However the strong US Dollar and uncertainties in Chinese economy hold Crude oil prices from a stronger hike. Market will be watching the relaunch of Nord Stream 1 this Thursday which will have a massive impact on DXY, energy sector commodities. 🔔 As for the technical analysis, implementing the Elliott Wave theory, we might consider that oil is on its way to display newer highs. 🔔 See charts below 🔔 Fibonacci 0.618 level of last weeks correction ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOIL
by azizelliott
TRADE OF THE WEEK | Patience Pays & Winners Win💰 Hey traders, As you know, I made 4 accurate predictions in a row on WTI Crude Oil. This week the price was retesting a key level. I spotted a very nice confirmation on that with a double top formation and a bearish breakout of a rising wedge pattern. The market dropped sharply then and I spotted one my confirmation: neckline breakout of a head and shoulders pattern. Great winner and nice trade. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
8
CRUDE OIL (WTI) Important Decision Ahead! Your Plan: 🛢 Hey traders, WTI Crude Oil is approaching a major daily demand area. Depending on the reaction to the underlined structure, I see 2 potential scenarios: If you want to buy WTI, I would suggest watching a falling wedge pattern on a daily. Its bullish breakout will trigger a bullish continuation at least to 104.6. (we need at least a daily candle close above that to confirm the breakout) If you want to short, I would suggest waiting for a bearish breakout of 93.0 - 95.0 area. Daily candle close below that will trigger a bearish continuation to 87.5 - 90.0 area. Wait for a breakout and only then follow the market. What do you expect? ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
7
Possible Movements on Crude Oil + Short Setup Explained. The price of crude oil has been moving sideways between 95 and 125. As a general rule, 90% of the time, I only trade once the price reaches key levels. In this case, the price is in the support zone. Therefore, I have looked for all the scenarios where the price was behaving similar to what it is now (we can define it as a triple bottom). Of course, in some of them, the price bounces, and in the other half, the price breaks it starting a new bearish trend. The idea of today's post is to explain the scenario I'm considering trading . (Short scenario). Let's start with the general context . In February 2022, the price reached the weekly resistance zone after Ukraine's invasion, and we observed clear reactions there. I can define two zones that may work as potential bullish and bearish targets. Bearish Target: 80.00 Bullish Target: 120.00 Now, let's look at the current situation. It's important to say that no one knows the direction the price may take; the following description is about a setup that I will only take if the price moves as expected. I'm working on a short setup that looks as follows. Why? Because I have tested this situation in the past, and it's consistent in its resolution. The distance between the current support level and the weekly bearish target provides great bearish potential. The main concept of this entry is waiting for the price to go below the support zone and then observing a pullback. IF that happens, I will set pending orders on a new low and stop loss at the end of the pullback. The target is defined in the next weekly support zone. I will not be developing bullish setups yet because the filters I should be waiting for do not provide an acceptable Risk to reward ratio towards the next resistance zone. Of course, this situation requires patience, and it's important to have clear filters to say, "Now I will set my orders." The risk I will be using on this setup is 3% of my capital on my stop loss; if everything goes as expected, this position should take between 20 to 45 days. I hope this content was helpful; let me know your view in the comments!
NYMEX:CL1!
by ThinkingAntsOk
37
Brent Crude Oil - Elliott wave theoryHave we just completed Elliott wave 1 of a crude oil bull market which I would argue started in November 2021 with Pfizer vaccine news?? Others may say it started from June 2020 after the May 2020 crash low touching zero or below briefly. I have a question for viewers if Elliott waves up to 5 does indeed play out again for oil (and commodities in general) how can one have any clue how much time this will take? Please refer to March 1999 (just before dot com crash) through to June 2008 (onset of GFC) Brent crude oil price chart to see how Elliott waves 1, 3 & 5 up-moves happened with waves 2 & 4 corrections.
OLong
by CryptoJoe128
1