Brentcrude
oil price dive coming soonrenewables +natural gas keep eating up demand
middle east tensions cant be manufactured forever ISIS in retreat
IRAN treaty will stay intact
BRICS continue to pivot to renewables/ post-US empire allies
WTI Regression On a daily chart WTI has performed under an Elliot Wave Pattern since July. It's final trend wave ended on late September with help of OPEP statment of commitment to current output and Turkey's threat to cut oil production.
Since then bears have taken control in Oil industry. Wave A managed to touch Fibbonaci 38% level before entering wave B. Although we can't confirm at this stage final price of Wave B since it needs to show some red candles. As for now prices can still go further up and break $53 level.
However if this doesn't occure this week. Prices are projected in a downtrend forming Wave C. Most optimistic scenario would be Fibonacci 50% at $47.50.
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US Oil - Bear Flag?Last week Oil sold off below the key area of support at 50.33. This week we look for further declines in Oil with a retest of the 49.94/50.33 area of (now) resistance providing a great place to look for potential shorts down towards the target of 48.59.
US Oil - Pullback To Key SupportAfter selling off late last week US Oil is approaching key support at 50.81 which we will provide Bulls with a great place to start to look for potential longs and a continuation of the overall uptrend. The next key areas of resistance and targets to the upside are 53.68 and 55.11 respectively.
Brent Crude Oil inverse head & shoulders - long-term TP ~$78-88BCO/USD is showing a potential inverse head & shoulders on the monthly chart. long term target prices are labeled in the chart. first tp is a probable support level, second tp is based on pattern projection.
this is based on pure TA, so as always, it could be wrong.
trade at your own risk.
UKOILon the run without words... Now we look for the bottom.
The long adivse is not confirmed now! So watch for yourself.
I wrote some month ago we see 42 again. Maybe only 44 - 43 so look on your timeframe what happen and than look for a long after oil has a bottom. Good luck for all.
Oil - Brend Crude ( UK )This is a good opportunity for trade - keep watching and will give you soon profit!
see which level will be broken :)
Good Luck!
Bullish BRENT CRUDE for 8/218/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA .
I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ).
This is a day trading technique and I will not hold any position over night.
My plan is to place 2 trades once I get a buy signal on the hour time frame. One trade will have a 20 pip stop and a 20 pip take profit target. The second trade will have a 20 pip stop and no take profit target. The second trade is designed to grab any strong bullish movement for the day. Each trade is worth 1% of my beginning daily account value.
Brent entry long started, target 53.04Brent entry long started, target 53.04, with a probability of 80%
BRENT - ADX / ADM - TS V. 2.8.4 - Intraday Levels for 09/08/17
ADM - Average Daily Movement - Intraday Levels
Entry on close 1H (hourly candle) ... if exceeded the indicated level
on the contract CBV17 - Oct '17
LONG if> 52.43
TP1 = 53.04
TP2 = 53.71
TP3 = 55.07
Stop Loss = 51.49
SHORT if <51.49
TP1 = 50.88
TP2 = 50.21
TP3 = 48.85
Stop Loss = 52.43
Brent UKOIL - testing significant 53.00 resistanceOn the Brent oil chart you can now expect a test of significant resistance at 53.00. This level has previously been equivalent to the 50.00 level with the WTI. A successful breakout of 53.00 will allow growth to further resistance: 54.00, 57.50.
Crude Oil BrentHere we see Elliott Triangles, expanding. Lower line declining.
Bears, are u ready?
My long-term vision.
Oil trying to be optimisticFormed an inverse H&S at the 4-Hour chart. Possibly have already 'retested' it.
OIL may see a rebound todayIt looks like OIL may rebound today we just hit a major support level at 47.04 on crude. www.mql5.com
UKOIL: BRENT CRUDE Spot: continuues to grind higher towards 55UKOIL: Brent Crude Spot: continues to grind higher towards likely upside target at $55
UKOIL: Critical support at 49.58 being tested, failure = 46UKOIL: Brent Crude Spot - testing and now breaking below critical support at 49.58. Failure here signals further significant weakness back to 45.89
Bullish Gartley forming on Brent Crude oil 1H ?a bullish gartley seems to be forming on Brent Crude Oil / USD on 1H TF. setup looks promising with a perfect AB=CD lining up close to the XA 0.786 retracement.
Brent. This is The EndIf we look at the oil chart for 30 years, we will see that we are in the phase of a long-term correction, the purpose of which is in the region of 11+. I present to your attention a possible scenario of the movement of the instrument.
