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Brent

Crude Oil (WTI): Update & What to Look At 🛢️ Hey traders, WTI Oil is still coiling around a major rising trend line that we spotted on a weekly. Though we expect a pullback from that, from a current perspective, it is too early to short. The confirmation that you should look for to open a sell position is a bearish breakout of a support line of a rising wedge pattern. Only then a bearish move to 88.6 / 85.0 levels will be expected. In case of a bullish breakout of a trend line on a weekly the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
TVC:USOILShort
by VasilyTrader
19
TS ❕ BRENT: longs in priorityThe correction for oil is likely to continue, but longs still remain a priority. At the moment, it is assumed that the price will not rise above 96 -98. BUY scenario: Long from level 94 is relevant now. Current prices, which are just above the 94 level, are also suitable for buying. Target level 96.10. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILLong
by UnknownUnicorn15614419
3
Russian de-escalation sharply moving marketsSeveral equities have reacted sharply to the suggestion that Russia is de-escalating its presence on the Russia/Ukraine border. As reported by Reuters, Russia has begun to move an undisclosed number of its troops away from the Ukrainian border after completing mock defence exercises. Even so, tensions have not entirely dissipated. NATO, US, and UK officials remain cautious of the situation, with Boris Johnson noting that "the intelligence that we're seeing today is still not encouraging". The markets have been more eager to embrace talk of de-escalation. European Equities spent Tuesday rebounding sharply. The STOXX Europe 600, which is comprised of 600 stocks across 17 European exchanges, broke a three-day losing streak and rose 1.43%. On an individual bourse level, the Italian stock market Index, the IT40, led the way back into positive territory, up 2.17% over the trading day. The German (DAX30) and French (CAC40) indices followed closely, each climbing ~1.9%, and the UK's FTSE100 climbed up 0.98%. US stocks reacted in a similar manner when they opened a few hours after Europe. The US market has recently closed where the NASDAQ rose 2.24%, the S&P500 rose 1.36%, and the Dow Jones rose 1.06%. Commodities also make significant moves on news that Russia is de-escalating. Naturally, commodities would be significantly affected by a war between Russia and Ukraine and NATO affiliated nations that have reacted the sharpest. WTI and Brent have pulled back a shocking 3.7% and 3.4%, respectively. On Monday, Brent oil prices were pushing their way up to USD 100 per barrel after crossing USD 95 per barrel. Before the turnaround in the oil price, talk of USD 110 per barrel was beginning to filter into market predictions. Russia and Ukraine are two of the largest exporters of Wheat. As such, supply concerns for the soft commodity have eased slightly, and with it, the price has pulled back from its two week high. Wheat is now trading down 2.63% to USD 7.8 per bushel. Low supplies could temper more downside for Wheat in Canada and the US. Other major exports of the region are trading down on the easing tensions. Corn, Iron Ore, and Soybean are all trading down 2.86%, 1.37%, and 1.27%, respectively.
BLACKBULL:WTI
by BlackBull_Markets
Oil Topping for nowPrice has flipped many times in the past at this price. Price is extended to the upside. Momentum has been diverging for the last 8 months. OPEC+ has reaffirmed their stance to increase production. Saudi Arabia and other countries production hasn't even been turned back on yet so they can increase it even more if need be. Global demand and consumer demand is actually falling, this can be seen by China's economy contracting so prevalently. It's still winter and a correction is warranted. Maybe by May or so, we go back up again and could go to crazy heights if things don't get better with inflation.
TVC:UKOILShort
by MonetaryRebel
UKOIL Short IdeaOil Markets are currently trading at the highest levels since 2014 after just reaching the 96 area. There has been a small retracement from this high to the current region (93.88). The RSI indicator on the higher time frames show very overbought levels which show that price could fall from this area down to the previous resistance zone. The target of this short idea is the previous resistance level at 90.88, this is a 3% gain for 1% of risk (stop-loss at 94.89).
TVC:UKOILShort
by Orion-Markets
An attractive ideaThis analysis is purely a personal analysis Hints 1. This analysis is checked in the weekly time frame, so each of the waves has the necessary time to form between a few weeks to several months, and a total of one to two years. 2. For convenience, it refuses to go into details so that the trader can easily understand it. 3. The study was performed in the form of Elliott and canalization using Macd indicator Analysis Description: Oil is on a long-term upward trajectory annually, so after the proper growth of oil prices and the failure of the downtrend, higher goals are pursued, but what is clear is that each impulse step needs a active step to rest. So it can be said that in the next few weeks to a few months, the oil route is expected to be relatively upward to reach its $ 114 target to complete a complete cycle. And then it enters a correction cycle that can take up to two years, so expecting to see $ 35- $ 45 as a midline target is not unexpected. Note: Proper insight into considering all possible scenarios then 1. Short-term visions Long-term to medium-term are well defined We have a temporary uptrend and targets of $ 114 and $ 105 for it Then for several months the rest of the movement shifted and, the price suffered And then move to the channel midline for several months At the end of this analysis is only a personal analysis and there is no certainty in doing or not doing it ......
TVC:UKOILShort
by cafe_chart_
TS ❕ BRENT: time for correction"Black Gold" showed excellent results and the price closed above $94. However, soon the instrument will need a downward correction, at least. SELL scenario: The short entry point is expected to be found at the resistance line of the uptrend channel. You can enter both on a rebound from this line or after a false breakout, which will be a more conservative option. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
TS ❕ BRENT: re-approach The rapid growth of oil continues. After reaching the level of 94, as expected, buyers have not calmed down and are aiming for new highs. BUY scenario: At the moment, longs are relevant, especially from the level of 91.08, where the support line is also located. The price is expected to re-approach the level of 94. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILLong
by UnknownUnicorn15614419
4