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Brent

Strifor || EURAUD-18/04/2024Preferred direction: SELL Comment: A potential medium-term sale is brewing for the EURAUD currency pair. At the moment, the key role is played by resistance at 1.66296 . The price, having already felt resistance, stopped its movement at the level of 1.66000 . Two scenarios for selling are proposed, where the more likely scenario is a preliminary approach to the level of 1.66296 ( scenario №1 ). A fall from current prices is less likely, but can also be considered under conservative risks. The target for the fall is located at the level 1.64609 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
Strifor || SILVER-18/04/2024Preferred direction: BUY Comment: Previous trade ideas for silver , where we considered selling, have been cancelled. Today, another strengthening of metals is expected. The buyers' target will, of course, be the local maximum at level 30 . It is best to set the target slightly below this level. As you can see in the chart, we have formed a clear contracting triangle, and volatility has died down. This is a clear sign of an upcoming impulse, which, as we suppose, will be upward. We are considering two scenarios. Scenario №1 is more likely since further weakening of the US dollar (on major currency pairs), which began in the middle of this week, is expected and this should soon also be reflected in metals. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
3
Strifor || BRENT-18/04/2024Preferred direction: SELL Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89 , the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the market and pushes the price down. We are considering two scenarios, where scenario №1 is more likely, but in no case do we forget about scenario №2 , in which there will be a preliminary liquidation of “extra passengers”, and this will also allow us to attract new buyers as “fuel” for the trip down. One can also consider targets below level 85 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
TVC:UKOILShort
by Strifor
1
Bullish Oil Options Traded at Record Pace Before Iran AttackOil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and above $100, with bullish calls trading at hefty premiums to bearish puts in recent weeks. Traders have been flocking to the oil options market in order to hedge themselves against the risk of prices moving higher if the conflict between Israel and Iran widens further. Options are often used to protect against major geopolitical risks as they allow a cheaper way of profiting from a spike in prices. Many of the bets won’t have profited yet given that crude prices and market volatility retreated when the market opened early on Monday, with the benchmark now changing hands below $90. However, as tensions in the region remain high such hedges are likely to remain in place over the coming weeks. Calls at $100 and $110 are the most held options contracts over the next 12 months for Brent, according to ICE Futures Europe data compiled by Bloomberg. On Thursday alone, about 29 million barrels of new call option contracts were opened on the nearest trading month.
BLACKBULL:BRENTLong
by Elite_Forex
WTI/Oil 4h Technical Analysis during IranVSIsrael warDespite Iran's attack on Israel, the prices of Brent and WTI crude oil remained stable. However, in the event of a reciprocal response from Israel to Iran within the next 24 hours, the price of oil is expected to make a significant upward jump from its long-term trend line. Currently, the price of WTI crude oil is within its supportive range on the 4-hour timeframe, and last week, it broke above a long-term daily trend line, which is now being tested with a pullback and a bearish candle which can be a fake bearish sign by geopolitics issues! The RSI is in a suitable range for buyers and playing around 44, so opening long positions on oil is the best decision at the moment. Entry: CMP at 84.7 - 85 even TP: 92.627 TP: 98.34 TP:106.52 TP: ATH Around 168
BLACKBULL:WTILong
by Money_Hedge
CRUDE OIL (WTI): Potential Scenarios For Next Week 🛢️ Crude Oil is consolidating after a strong bullish wave. The price formed a horizontal range on a daily. Next week, wait for a breakout of one of the boundaries of the range for a confirmation. Bearish violation - a daily candle close below a support of the range, will give you a strong bearish signal. A bearish continuation will be expected to 83.0 level then. Alternatively, a bullish breakout of the resistance of the range - a daily candle close above, will push the prices higher to 89.0 level. Wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
7
Strifor || USDCAD-12/04/2024Preferred direction: SELL Comment: The US dollar continues to strengthen before the weekend, but there is a high probability of a downward correction beginning, and this concerns all major currency pairs. The Canadian dollar has one of the most interesting buying setups against the US dollar . The price is trading slightly above trend resistance, and it is unlikely that we will see continued growth. Although this probability remains, in this case we have scenario №2 , where growth may still be towards the level of 1.37500 . But it should also be noted in favor of scenario №1 that most of the sellers have already been liquidated, and the instrument is more ready to fall towards the designated target at the level of 1.36500 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDCAD-04/04/2024Preferred direction: SELL Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of falling to the level of 1.34000. We identify two main scenarios for selling, mostly intraday. The likelihood that the seller will be aggressive is high. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
UKOIL daily XABCD bulls 20% upside BUY/HOLD🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals. 🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024 (PRZ/D = 105.00) 🔸Recommended strategy for UKOIL traders: accumulate near market price using low leverage. TP Bulls is 105.00 +20% gains. swing trade setup. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
1
Brent Crude is showing major upside to come to $96.00Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a major global oil benchmark. Oil prices, including Brent Crude, are typically denominated in US dollars on international markets. So when the US Dollar weakens, oil becomes cheaper for holders of other currencies. This increased affordability can lead to higher demand, pushing prices up. 2. Investment Flows A weaker dollar drives investors towards commodities like oil as alternative investments, contributing to price rallies. 3. Economic Implications Dollar depreciation often signals global economic growth, boosting energy consumption and pushing up oil prices. 4. Inflation Expectations Oil is purchased as a hedge against inflation when the dollar weakens, raising demand and prices for Brent Crude. 5. Energy Sector Investments A depreciating dollar lowers operational costs in the energy sector outside the US, potentially tightening supply and elevating oil prices.
ICEEUR:BRN1!Long
by Timonrosso
Strifor || BRENT-14/03/2024Preferred direction: BUY Comment: After a very long accumulation in oil, most likely the buyer is ready for the long-awaited growth. According to the results of yesterday's trading, the price was fixed at the highs, which indicates the strength of the buyer against the backdrop of growing market sales. In this regard, we maintain a strong buy priority towards levels 86 and 87 . Both scenarios are displayed on the chart, where scenario №1 is more likely. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
TVC:UKOILLong
by Strifor
1
Strifor || USDJPY-14/03/2024Preferred direction: BUY Comment: We actively continue to follow our previous bullish scenarios for this currency pair. In general, in the medium term, we expect a strengthening of the US currency , which the Japanese yen will feel the most painfully. Moreover, earlier we talked about the long term, and here it is unlikely that we will have to wait for the price trading below the level of 150 . We expect that the instrument will trade above this psychological level. According to the results of yesterday's trading, the Japanese currency was the first to demonstrate weakness and ready to capitulate against the US dollar in the medium term. A limit seller for JPY has appeared, or rather, a recent limit buyer is fixing his positions. A number of major currencies still have growth potential against the US dollar in the short term, but in the medium term they are likely to follow the same path as the yen. By the way, we also do not rule out a temporary strengthening of the Japanese yen , especially against the backdrop of the publication of PPI and Retail Sales , but it is unlikely that there will be an update of local lows. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Long
by Strifor
7