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Brent

⭐️BRENT: forecast for May 9-May 13➡️ Oil usually rises and falls with the stock market because the prices of both markets are like a proxy for economic activity. But in recent years, these relationships have collapsed. Oil growth may continue to outperform. Stock markets fell and oil prices held. It is more likely that oil will continue to outperform equities on a cross-asset basis. If you are in a place where economic activity is strong now but could also slow down in the coming years, stock and credit markets could start to weaken even as energy prices hold. Oil prices could rise even more if the conflict in Ukraine escalates, a scenario that is likely to push prices down in other asset classes. But if geopolitical risk subsides, there could be a recovery in growth, greater economic confidence and more demand for energy, meaning that oil may not fall much compared to future expectations. This should support the oil. Technically, oil is not expected to fall below 110$ - 111$ this week. Longs can be entered from current prices. The target for the deal is supposed to be at the level of 115$. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
7
USOIL Bars Pattern IdeaIf a deleveraging like 1999 is happening, perhaps we will see 1999-2008 in oil play out in a similar fashion? Not saying it will or won't happen, but it currently looks like oil is setting up momentum for a future breakout. I copied the bars pattern from 1999 to 2008. Maybe it's too bullish? Or maybe not bullish enough. I would venture to say that it seems so much worse than 1999, the prediction isn't bullish enough, but I'm not sure. What do you think? Good luck and don't forget to hedge your bets :)
TVC:USOILLong
by fringe_chartist
53
Possible Bullish Scenario on Crude Oil. First, let's start with context. The price has been moving sideways for the last 60 days on a key level where we have observed reversals in the past, as well as continuations after clear consolidations. The Primary Bullish target from where we are right now is 145.00. The Primary Bearish target is 80.00. How can we know which of them will be the right one? The answer is "We don't know" That's why I always get ready for 2 possible scenarios. This is an idea of how I'm thinking about long positions on Crude Oil . As you can see, the main element here is the Risk to Reward Ratio, which is 3. That means that if I'm stopped two times, and I'm right one time, I will still make a profit. ALL my strategy goes around that concept. However, on the bearish side, this would be the setup I'm interested in: REMEMBER: We do not control the outcomes of the market. However, we do control planning our setups in advance, managing risk, and looking for setups with a great risk to reward ratio. What are your thoughts on Crude Oil? Let me know in the comments.
NYMEX:CL1!Long
by ThinkingAntsOk
3
⭐️BRENT: forecast for May 2-May 6➡️ The volatility of the oil market remains high, which is due to the aggravation of the energy crisis in Europe against the backdrop of the first precedents for stopping the supply of Russian hydrocarbons to some EU countries. The Wall Street Journal news agency reported yesterday that German officials withdrew their objections to a total embargo on Russian energy supplies, asking only for time to find alternative suppliers. Recall that the position of Germany was the main obstacle to the introduction of such an embargo in the EU. The United States and Great Britain have already refused to buy Russian oil. The change in the rhetoric of German representatives was a reaction to the suspension of natural gas exports to Poland and Bulgaria, since these countries refused to pay for deliveries in rubles. This raised concerns that the Russian Federation could stop deliveries to other European countries. Meanwhile, Russian Finance Minister Anton Siluanov said on Wednesday that Russia's oil production could fall by 17% this year due to sanctions. Market participants seriously admit that a very likely decision on a complete embargo on the supply of Russian energy resources may provoke a shock scenario, as a result of which the shortage of oil and petroleum products on the world market will increase to 3 million barrels per day. This news background completely offset the prevailing effect on prices, which was previously caused by concerns about the prospects for global economic growth due to anti-COVID restrictions in China. Investors are concerned about the spread of COVID-19 in Beijing, which could force the Chinese government to impose a general lockdown on the city. The prolonged lockdown in Shanghai, China's largest city and commercial hub, has already weighed on the oil market, undermining demand expectations. Considering all of the above, it is most likely more profitable to hold oil longs. Technical analysis just supports this rhetoric. The chart shows two long entry points. The conservative target for this week is the 110$ level, it makes sense to also consider the 115$ level. 🔥 BRENT Forecast Results 🔥 ☑️BRENT: small update 👉 +590 points ✅: ⭐️BRENT: forecast for Apr 25-Apr 29 👉 +531 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
2
Brent Oil - To Slide Before Heading to $150?It is near impossible to following all the developments in the geopolitics and try to forecast the price of Oil but what does technical analysis suggest? Elliott Waves break down: The sharp fall in March is clearly a motive wave which is likely based on a double zig-zag The correction that has been forming since then is clearly a triangle but this type is very tricky and more often than not confused a lot of traders Looking at the symmetry of the overall correction it is more likely that exit from the tringle is to be triggered downwards In the case of this scenario the next wave will also be in form of zigzags and retracing from 0.618 to 0.786 of wave X hence the target of $84 to $89 As mentioned earlier, if the triangles are very condensed and of high amplitude it is more difficult to predict their development. So let's see what happens next week and update the count as needed. What are your thoughts about this scenario? Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliott Waves. Thanks
TVC:UKOILShort
by vitalalyt
4
BRENT CRUDE OIL BULLISH PREDICTIONSBoth WTI and BRENT Crude Oil benchmarks rose in price on Tuesday (26th of April) after China announced that it will support its economy in case of a lockdown and the fears of diminishing demand have been eased. If the rally continues it will most likely test its previous high at 109.5, in the opposite scenario, the price might test its support at 99.3 MACD and RSI are showing a slow down of the bullish trend from the last few hours, but with eased lack of demand fears the price might return its momentum. 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:BRENTLong
by legacyFXofficial