Get started

Brentcrude

Is Brent Oil Heading towards 36 in a couple of MonthsIf respite do not come for Brent Oil in terms of buyers to increase demand between 50 and 55.25, the black gold is likely to make a higher low at around 36 in a couple of months. Looking at the chart, it took Brent Oil about two and half years to rally from its low at 27.08 in January 2016 to its high at 86.72 during October 2018. Since after that, it has being on a decline. Using this assumption one can expect Brent Oil to make another low around 36 (if demand is not drastically increased around 50 mark), in the next 2 years - 2021. OPEC, Non-OPEC countries and unconventional oil & gas producing countries actions and inactions have a big role to play in determining the future of the price of oil within this period... This analysis is based on my technical analysis opinion and not to be construed as a trading advise. PLAN YOUR TRADES AND TRADE YOUR PLANS
FX:UKOILLong
by BullBearMkt
UK OIL UPSIDE PUSH TO FOLLOW?Hi fellow traders. Looking at UKOIL right now, we can see that the RSI indicator has fallen towards the oversold region and is currently looking for a rally to the upside. Considering that UK Oil Supply is to remain the same, and with the UK Iran Oil Tanker tensions rising, it looks like UKOIL could look to push to the upside. At this point in time 64.20ish would be an ideal buy in position region. I have been considering a buy position from 64.05. Additionally, we can see that we could be rebounding from a critical support level at 63.90. In this case, it looks like it could be the perfect time to long this pair. For a quick bullish squeeze out of this pair, the main ideal target would be around 63.56. For a longer swing on this pair for a few days, looking from a bullish price action point of view, 65.00 region could be an ideal take profit region. Stops should look to be placed around the previously mentioned critical support level of 63.90. If you managed to read it this far down, thanks for reading this! If you could, please do offer your ideas & perspectives on this pair. Buy or Sell and why? Additionally, drop me your charts for it, that'd be great so I can see where you are coming from. I'm a new guy to the FX & Crypto market, trying to learn FX & Crypto, and I'd appreciate any help people may offer! Please drop a follow! I need reputation points!!
FX:UKOILLong
by TheFinancialTRDR
2
Brent Crude OilAfter a perfect bullish move Brent Oil has reached an area where is facing horizontal resistance, downtrend resistance and it is at the upper end of the uptrend channel. I am foreseeing the price to come down to the lower end of the channel, at around 64.6 area where it will also be the lower end of the channel. On the 4H chart I want to see a break of structure, marked by the black line, before going short. If the price holds above it might signal a price compression and that is a bullish signal.
TVC:UKOILShort
by MicKi
USOIL UKOIL Perfect Take Off Signal per LongBuyLongSellIndicatorLook at the chart shown here. As per the analysis of LongBuyLongSellIndicator( Script Below) USOIL entered into long territory. The BackGround Color also become Green .This shows trend starts for long. Good Strengthmeters are lined up this candle shown that shown price will move up. I have done the analysis of 1H 4H D chart all shown bullish signal. if you wish to take a look of the Indicator (LBLS -LongBuyLongsellIndicator) .It is given below.
FX:USOILLong
by MarxBabu
4
Weekly Outlook: Brent Crude forms double bottom patternBrent crude has fallen almost $15 since its 2019 peak of $75, forming a double bottom pattern which aligns with the 61.8% Fib level of the Dec 24 - Apr 25 move. Crude inventories came in higher than expected for the last six Wednesdays, which played an important role in the $15 fall. However, a possible escalation of tensions in the Middle East after two tankers were attacked earlier this week may support oil in the coming days. If the double bottom pattern shows to hold, a break above $64.70 may target $67.20, followed by $70.50.
OANDA:BCOUSD
by MujkanovicFX
USOIL to touch 59.50 and UKoil follow the same long trend Why this is considered for Long : 1. As per the volume the higher volumes are seen in the chart.Volumes are growing 2. As per the LongBuyLongSellIndicator ,Strength-meters(1 2 3 P D ,Up/dn, PSAR,MA Green Red Line, Red STAR, yellow Star,Green Early Entry stars) minimum of numbers of strength-meters lined up in a row /within two candles that is added advantage for the entry. 3.BackGround color informs it is good to enter at this price. 4. As per the LongBuyLongSellIndicator ,The candle color transition change indicator this is the time to go for entry. What is the target : close the target @1.5% of 50% number rest in higher numbers. what will be the stop loss: The stop loss shall be high of previous candle for short /low for the long entry. TVC:UKOIL TVC:USOIL
TVC:USOILLong
by MarxBabu
Brent Crude OutlookBrent Crude Seems to have entered an upper range consolidation and might Move in the same range for few weeks. Bulls have definitely lost momentum this time and might head to Accumulation considering the highly over bought nature of crude. The Non stop rally has however disappointed the Bears which will try their level best to bring crude down on any break in short term Support levels. However i am of strong view that the stance on Brent is Neutral for weeks Ahead. Thanks Dr Idrees Arafath
OANDA:BCOUSD
by arafathidrees
EURCAD. Sell now. Note: this is 3rd attempt to sell. Second attempt I posted was invalidated. It did not breakout of consolidation period (red box). Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box. *These zones, with the inclusion of price action described above, have remarkable accuracy. Yellow border box: weekly consolidation zone Yellow solid box: monthly consolidation zone Red border box: High/Low breakout box (5 minimum candles)
Short
by ComteSt.Germain
Either Stocks Crash, or Oil RalliesWe are basically exactly where we were at in October 2018. About the same things for US equities. But why the divergence with US equities outperforming oil? Look what happened last time stocks become too zealous in January 2018. Correction downward to a near parity in percentage gains. Either stocks are going to readjust or oil is just going to go crazy in the next few weeks. My question is, where is the conviction, where is the demand (weak EU, weak China, weak EMs) and what are the fundamentals driving markets forward? I'm really opened, but color me skeptical.
TVC:USOIL
by WhiskeyTangoFoxtrot3
EURCAD. Turning Down now. Second chance to get in. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box. *These zones, with the inclusion of price action described above, have remarkable accuracy. Yellow border box: weekly consolidation zone Yellow solid box: monthly consolidation zone Red border box: High/Low breakout box (5 minimum candles)
Short
by ComteSt.Germain