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Brentcrude

UKOIL Brent Crude Oil Long-Term ForecastSo, here we go again with the brent crude oil forecast: Scenario 1: Oil prices could reach highs of up to $83 a barrel, which represents a resistance level formed by the descending upper trendline. Scenario 2: Oil prices could fall even lower to about $30 a barrel, which represents a 100% retracement of the previous wave. That level is also in the support zone formed by the previous lower lower. My verdict: Price is going up to $80 a barrel
FX:UKOILLong
by munyaelliott
WTI Oil. Little more Downside, then Buy. 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 the 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. 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 consolidation. *These zones, with the inclusion of price action described above, have remarkable accuracy.
TVC:USOILLong
by ComteSt.Germain
OILOil retracement with fib level/structural confluence ***Any information represented here is my opinion only and not intended to be used for financial gain. None of the information posted here is to be considered financial advice. Information posted here is strictly for entertainment purposes only. Please consult your financial professional before making any kind of investment. Investments can be very risky and any investor should educate themselves before investing by enlisting the help of a licensed financial professional. Past results are not indicative of future results in any construable way.***
TVC:UKOILLong
by algocowboy2030
BRENT OIL POTENTIAL TO REVERSEHello friends! If you agree with this idea, please give me a like and a follow. It will be greatly appreciated and will allow me to continue posting quality content. My idea for Brent Crude is a LONG position. This is based on technical analysis, however the fundamentals are a little bit unclear for the time being. The Brent price per barrel has bounced off the support line drawn at the $71.00 levels. This has acted as a major support/resistance 4 times in the past year! Could this be a reversal into bullish sentiment? Due to minor uncertainty in the fundamentals, I will be placing a Stop Loss just under this support level to protect myself from risk. Losses can exceed initial deposits when trading in the various asset classes. You can manage your losses by using smart risk management. Identify your Entry, Take Profit and Stop Loss levels before you enter a trade.
TVC:UKOILLong
by StirlingBishop
BRENT/USD 1H Chart: Short-term decline expectedThe BRENT.CMD/USD pair has been depreciating in an ascending channel since the pair reversed from the upper boundary of a long-term ascending channel near 86.00. The commodity price opens below the 55– and 100-hour SMAs during Wednesday's session. From a theoretical point of view, it is expected that the pair aims for the lower line of the senior channel located in the 73.50/74.00 range. If the senior channel holds, the price could reverse north and target the resistance level formed by a combination of the monthly S1 and the 200-hour SMA circa 77.80.
TVC:UKOIL
by UnknownUnicorn890690
BRENT CRUDE TO $73.00We have been watching Brent Crude Oil for a while now as we expected a deeper retracement to form. We managed to catch a great trade near the highs after the change in 4hr trend. Technically the market continues to produce lower lows and lower highs and is currently consolidating after bouncing from the minor support at $75.00. Now we are starting to see the market form a descending triangle pattern which typically breaks to the downside, combining this with minor structure resistance and 61.8 Fibonacci retracement, this could be a great area to look for the short trade into the key support. We will be looking for the break out of the supporting trendline before looking for the short trade.
TVC:UKOILShort
by BlueberryMarkets
Brent crude: Potential three drive completion to $92-$96I had previously described myself as an oil bull and Mr. Market is giving me an opportunity to elaborate. So brent crude has been trading a huge channel since peaking in 2008 with the last major trough in 2016. Long story short, brent crude is on track to test the upper boundary of the trading channel at c.$96. Try to follow the sequence:- AB leg: Feb to May'18 BC leg : May to Aug'18 CD: troughed in Aug, confirmed in Sep and CD leg is advancing in a three drive formation. Oil bulls have to thank Trump for putting Iran out of action and potentially the Saudis too. Guess what? The Saudis holds the key to incremental supply addition to offset the drop caused by the Iranian sanctions and the oil majors can't ramp up fast enough anywhere else as we head into the Northern hemisphere winter... Go oil! I apologize for using an Elliot impulse wave annotation but I think it is clearer than the standard TradingView three drive annotation.
OANDA:BCOUSDLong
by WellTrainedMonkey
BRENT Weekly Forex Forecast 9th September to 22nd September Midterm forecast: While the price is below the resistance 82.00, beginning of downtrend is expected. We make sure when the support at 70.30 breaks. If the resistance at 82.00 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. The RSI bounced from the downtrend #1 and it prevented price from more gains. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 59.
OANDA:BCOUSD
by EIP-EverythingIsPlanned
BRENT/USD 4H Chart: Expects pullback BRENT.CMD/USD has been appreciating in an ascending channel since the middle of August after the pair reversed from its bottom boundary of the channel pattern at 72.00. Given that technical indicator on both the daily and the weekly time frames still remain bullish, it is likely that the pair continues trading in the one month ascending channel within the coming days.  However, it is expected that the BRENT.CMD/USD  pair makes a brief pullback towards a support cluster formed by the monthly and the weekly PPs near the 80.52 mark during the coming trading sessions.
TVC:UKOIL
by UnknownUnicorn890690