Get started

Brentcrude

Brent Crude carved a meaningful top around $43.40Brent Crude seems to have carved an intermediary top around $43.40 handle. It has since dropped towards $39.84, sub dividing into 5 waves at a lower degree. Furthermore, the rally to $42.00 yesterday was corrective. If the above short term structure holds as 5-3, Brent is preparing for another 5 waves lower towards $32.80/33.00 respectively. High probability remains for a deeper correction towards $26 and further. We are changing our stance from long term bullish to bearish for the next few weeks. Also note that fibonacci 0.618 retracement is seen towards sub $26.00 levels. It would be considered safe to take profits on the long positions initiated earlier and remain flat or aggressively short. Strategy: Short against $45.00 towards $33.00 and $26.00 Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILShort
by ExclusiveMarkets
Brent Crude resumes corrective drop towards 33.00 and 26.50Brent Crude might have carved interim top around $43.40 handle, after having rallied from $15.75 lows in 5 waves. Ideally, an impulse is followed by a 3 wave corrective drop and Brent might have resumed towards the same. The first Wave A is expected to drop through $33.00/34.00 support, near previous Wave 4 as seen on the chart here. Subsequently, Wave B should pullback marginally before Wave C resumes lower towards sub $26.00 handle. Please note Brent Crude is bullish against $15.00 for the long term, except for the above corrective drop. Conservative trading approach should remain buy on dips, while an aggressive trading strategy should be to sell on rallies. A drop below the $39.00 handle is required to confirm that Brent Crude is heading lower towards $33.00 and beyond. Strategy: Long against $15.00, targeting towards $65.00 in the long run. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude ready to drop towards $31.50 at leastBrent Crude seems to have completed its impulse rally that had begun since $15.75 lows in April 2020. The commodity has hit fibonacci 0.618 extension of waves 1 through 3, at 39.00 levels already. Ideally, a 5 wave rally is followed by a 3 wave corrective drop at a similar degree A-B-C. Wave A could drop towards fibonacci 0.382 retracement of the entire rally or previous wave 4, which is around $29.00 levels. It should be followed by Wave B higher and finally Wave C lower towards 25.50 at least. A 5 wave rally also confirms that Brent Crude has still got enough room left on the north side and that the commodity might remain in control of bulls for a long time. We should be witnessing a sharp rally towards $65.00 levels as Wave (3) unfolds, after the corrective drop is complete. Strategy: Short term bearish towards $31.50 and $25.50 Long term bullish against $15.00, targeting $65.00. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude Has Topped @ 36.90 or Could Print $38.00Brent Crude drop from $36.90 until yesterday seems to be a flat/corrective. Hence probability remains that there could be another high before Wave 5 terminates. As seen on the chart here, the fibonacci 0.618 extension of Waves 1 to 3 is seen around $38.99. The counts have been adjusted accordingly, leaving room for another push towards $38/39 levels before reversing lower again. Either way, Brent is on its way towards a long term bullish reversal and a meaningful corrective drop would provide yet another opportunity to initiate long positions. Overall, Brent Crude structure remains bullish against $15.00, going forward. Strategy: Long against $15, targeting above $50/60, long term. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Today's matrix for mid term trading on m60 and h1 timeframes.ICEEUR:BRN1! Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes and move down to lowest m5. As my analysis is already done, I'm publishing matrix levels also for h1 for mid term traders. If somebody is interested in higher timeframes such as D1, W1 please let me know in comments and I will publish these levels too. Moved to new contract. Futures contract for Brent crude , London exchange ICE 08-20 My trading is based on market phases. For timeframes m60 and h1: Buy after breakout on the test of level 36.92, target 38.19 Sell 33.7, target 32
FX:UKOIL
by AleksZhdan
Brent Crude prepares to drop towards $29.00Brent Crude might be preparing to unfold its corrective drop as a flat towards $29.00 levels at least. The commodity seems to have completed 5 waves rally between $15.75 and $36.90 respectively. During this rally, it has managed to take out a major resistance at $36.30 levels. It is now confirmed that bulls are in complete control and that the rally is not complete yet. Ideally, after a 5 wave movement in one direction, we can expect a 3 wave move in the opposite direction (counter trend). In this case, a counter trend drop is expected to resume any moment towards $29.00 as the first target. We would review again when prices reach $29.00 to see if the drop is complete. Overall, expect a corrective drop for the short term, before Brent Crude rally could resume toward $50.00 levels. Strategy: Long term bullish against $15.00, targeting above $50.00 Short term bearish towards $29.00, stop at $39.50 Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude Complets Impulse Around $36.30/50Brent Crude seems to have either completed 5 waves rally around $36.0 today, or is very close to terminating. We have been calling for this impulse wave to be completed since $16 lows in April and that Brent has managed to carve a multi-year low. The wave counts are absolutely clear with not much room left for error. Ideally, after a 5 wave rally, we can expect a 3 wave corrective drop. With the above target achieved, bulls might be preparing to take a break as bears take control to produce a meaningful corrective drop. A break below $34.00, lower degree wave iv, will confirm that a meaningful top is in place at $36.70. Aggressive traders might be looking to go short with a potential target around $24.00 going forward. Overall long term structure remains bullish except for the corrective drop to materialize soon. Strategy: Long term: Long against $16, targeting above $60 Short term: Short against $38/39, targeting $24 Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude is close to terminating Wave 5 just above $36.30Brent Crude may be just one wave away from terminating Wave 5. The projected fibonacci extensions are pointing towards $37/38 levels but a push above $36.30 would complete minimum requirement. Also note $36.30 was previous Wave 4 termination at a lesser degree and a break higher confirms trend reversal for the long term. We had been calling for a push through $36.00 levels since last several weeks now, and it seems Brent is now close to completing its first impulse through $36.30 resistance. Thereafter, it is expected to produce a corrective drop A-B-C towards $24.00 levels, before resuming its rally. Believe it or not, Brent Crude has potential to close year 2020 back above $60.00 handle. Strategy: Long against $15.00, targeting $36.00/37.00 (almost achieved). Waiting for a pullback to enter buying again. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
BRENT OIL ($UKOIL): Demand For Oil is Back, But is the Uptrend?BRENT OIL ($UKOIL): Demand For Oil is Back, But is the Uptrend? ✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Brent Oil (UKOIL, USDBRO, OIL_BRENT, BCOUSD) prices are seeing momentum again with Brent Crude forming an uptrend after an ugly start to 2020. Will we continue to see strength for oil, or will the lingering excess of supply work to suppress or even push down price? The chart suggests we have more upside, so let's map out a plan for what we do as oil prices rise. Resource: www.aljazeera.com --- 1. Fractal Trend just started showing an uptrend (Aqua bar color) on the 1 hour timeframe for the first time since early 2020. 2. With this strategy, we are looking for long setups in an uptrend and as such want to enter long on retests of bullish order blocks plotted by Orderblock Mapping (Aqua) and/or bullish S/R levels plotted by Directional Bias (Aqua). 3. Right now we are looking for an entry off of S1 S/R + order block cluster to ride this potential uptrend to our R1 take profit target below the gap at the range formed by prior swing highs, and our R2 exit target above the gap which would then form a gap fill. 4. The only three full position closure conditions here are if we hit both take profit levels, Fractal Trend signals a downtrend (Maroon bar color) and/or the stop loss is hit. 5. If Fractal Trend signals a downtrend, we will then be looking for short setups instead. So keep in mind that although we currently have a fresh bullish bias on oil, that could change quickly depending on what happens with the oil economy and with oil prices. Good luck family!
TVC:UKOIL
by AlphaBotSystem
Brent Crude preparing to rally towards $37.00/38.50Brent crude is finally looking to rally towards the $38.00 handle as Wave 5 seems to be underway. Yesterday's low at $28.87 might have finally terminated the triangle count as Wave 4. If the above counts are correct, we should witness a Wave 5 rally unfolding towards fibonacci 0.618 extension marked on the chart here. Structurally Brent Crude seems to have carved a major bottom around $16.00 levels in April. Since then, bulls have managed to print a series of higher highs and higher lows terminating Waves 1, 2, 3 and 4 as labelled on the chart. Major price resistance is seen around $36.30, the previous Wave 4, and a break higher would confirm that bulls are here to stay. Expect a corrective drop thereafter, before the rally could resume. Strategy: Long against $15, targeting above $37 in the near term. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
2
Brent Crude is ready to push towards 37.00 levels Brent Crude might have terminated Wave 4 around 29.34 levels yesterday. As discussed earlier it has unfolded as a triangle consolidation after terminating Wave 3 around 32.00 levels. Brent Crude has been printing higher highs and higher lows since $15.97 lows on April 22, 2020. The wave counts are also pretty clear with 1, 2, 3, and 4 looking to be in place as labelled on the 4H chart here. If the above counts are correct, Wave 5 rally should resume anytime and push above 37.00 handle taking out resistance at 36.30. This would complete the first impulse and also confirm further upside towards the 50.00 handle. A 3 wave corrective drop after 37.00 would provide an excellent opportunity to go long again. Strategy: Long against $15, targeting $37 in the short term. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude terminated Wave 3 at 32.24, Wave 4 underway nowBrent Crude is moving higher as expected, terminating Wave 3 at $32.24 handle before pulling back. The commodity is seen to be trading just below $30.00 for now and is expected to carve/terminate Wave 4 towards $25.00/27.00 handle, before resuming higher again. The wave structure has been pretty clear since $16.00 lows in April 2020. It remains just one wave away to complete an impulse rally between $16.00 and $36.00/37.00 handle. If the above counts are correct, we should witness Wave 5 resuming from around $27.00 and reaching up to $36/37, taking out resistance (previous Wave 4) at $36.00. This would also mark a long term bullish reversal against $16.00 lows. Strategy: Long against $15, targeting $36/37 as near term targets. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
2
Brent Crude is close to terminating Wave 3 around 29/30 levelsBrent Crude is just a few cents away to hitting 29/30 resistance and potential Wave 3 termination. The commodity has been moving in line with expectations until now and if the counts are correct, we should see a drop towards 25 levels as Wave 4 prepares to unfold. As a general guideline, 4th waves tend to drift around fibonacci 0.382 retracement of the 3rd wave, which is close to 25. Once the corrective drop is complete, Brent should proceed towards 33/34 levels as Wave 5 progresses. Ideally, prices are expected to break above 36 mark, to confirm a long term bullish reversal ahead. Strategy: Long against 15.00, targeting 36.00. Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:UKOILLong
by ExclusiveMarkets
Brent Crude AnalysisThe COVID 19 pandemic that is kneeling the world caused a major drop in oil prices in some cases even reaching levels never seen before. At today's date oil is still in oversupply suggesting a further drop to the downside. But... there is a but, from Our technical prospective Brent Crude has reached it's level of extension and is ready for a retracement. In Our view the price from current levels is aiming a first level of resistance around the 40$ level. Let's watch how price action will evolve in the coming days looking for a perfect set up ;)
OANDA:BCOUSD
by TheTechnicalAnalysts