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Brentcrude

Brent: Parking Assistant 🚗Beep beep, beepbeepbeep, beebeepbeepbeepbeeeeeep Brent seems to have afforded a parking assistant, judging by the neat way in which it has entered our white zone between $106.12 and $99.47 to finish wave c in blue and wave (B) in white. We expect it to turn around soon and to head for the next parking lot above $114.74, the green zone between $117.78 and $133.52. After Brent has completed wave B in green and wave (C) in white there, it should turn again and home in on the support at $97.56.
TVC:UKOILLong
by MarketIntel
1
$UKOIL - Conflicts, COVID, Sanctions, Triangle patternHi guys! 👋🏻 🔔 Conflicts, military operations, sanctions, COVID seem to be the headlines of 2022 🔔 The bursts of conflicts globally looks so intense that they might be the main drivers of oil prices. 🔔 I really don't think that EU will embargo Russian oil but if they really do, BRENT will hop to $160 easy, which according to the chart here is very possible. 🔔 For now, I'm expecting a slight correction here with a potential on a jump to $123. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
Oil Bullish Target $140/BarrelTrade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
TVC:USOILLong
by Michael_Harding
2
#UKOIL Has Room To Go Higher #USOIL #Brent $WTI Traders, UKOIL (Brent) can still go higher. It has reached an FCP zone so any long positions for swing trade are not good ideally. However there is a gap available at 98 and then we have round number 100. This can also push upwards of this FCP zone to reach the final FCP zone of 105. Then it will be a good candidate for a short. Right now, trade in steps only. Horizontal lines are possible targets and arrows show the direction. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:UKOIL
by vikinsa
1
Which target do we look at for Brent ? According to Ichimoku, we're definitely bullish on long term. Prices are perfectly supported by Daily Tenkan during their ascent. With a Fibonacci Extension, I think that $92 is a probable target to look at. If this one breaks, we could look at the 1.618 Extension, at $109.9. Will depend on the evolution of the situation in Ukraine. A possible fundamental bearish news could be that the de-escalation leads to a decrease in the attractiveness of black gold and produces a pull-back in prices, towards the Kijun Daily as first support. What do you think friends ?
TVC:UKOIL
by Augustus1st
Brent Crude Prices May Soon Return to $80After a drop to $69.28 per barrel Brent crude prices quickly rebounded to the upside on Wednesday touching $74.57. And there are several fundamental and technical reasons for it.First, gas prices in Europe skyrocketed to $180 per MWh for ICE Dutch TTF January gas futures on Tuesday, or by 22.7% in a single day. This lift off of gas prices also pushed crude prices up as high gas prices are forcing consumers to move to alternative fuels, including various petroleum products. The International Energy Agency (IEA) has reported that record high gas prices would increase oil demand by 500,000 bpd throughout Q1 2022, while the American Petroleum Institute (API) reported weekly crude stocks in the United States dropped by 3.67 million barrels, well above expected 2.63 million. Distillate stocks were down by 849,000 barrels and gasoline inventories were up by 3.7 million barrels.  According to the forecasts the Energy information Administration (EIA) is expected to officially report crude oil inventories to be down by 2.750 barrels. Technically, Brent crude prices are within the ABC correction, where the decline from $86.70 per barrel to $65.72 created wave A. Now we have wave B that is usually in a form of a zigzag. The first part of this zigzag was the rise of Brent crude prices from $65.72 to $76.70 per barrel. The second part strongly correlates with the first one and could be at 61.8% of its length or the same as the first one. Mathematically that would mean a potential for Brent crude prices to recover to $76.06 per barrel, or even to $80.26 per barrel. However, the correction might not be over yet as Brent crude prices haven’t fell below 61.8% of the previous rise from $65.72 to $76.70 per barrel. Goldman Sachs oil may hit $100 per barrel over the next two years as the demand for oil continues to grow above existing record levels. However, a moderate expectation from Goldman Sachs suggests that average crude prices are likely to remain around $85 per barrel by the end of 2023.
OLong
by scavoanastasiia
🛢️Brent oil - correction lasting several years? 🕰️● CFDs on Brent Crude Oil ( UKOIL ): 🕐 1M "Fig. 1" The development of the ending diagonal is expected within the wave (V) of ((III)) . _______________________________________ ● BCOUSD (OANDA): 🕐 2D "Fig. 2" From the end of wave II, there is a five-wave structure — an impulse that could be wave Ⓐ . If this assumption is correct, then the current decline is part of the correction Ⓑ , which can take the form of any corrective pattern and last for several years. _______________________________________ BCOUSD (OANDA): 🕐 4h "Fig. 3" "Fig. 4" Once again, I repeat that at this stage in the development of the correction it is not possible to predict its final shape and duration, but I am betting on a triangle , on a model that has a high predictive value and is appears , according to my experience, in wave B of the zigzag most often. _______________________________________ Disclaimer — The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
TVC:UKOILLong
by TradeWaves-EWA
WTI Crude Oil Price ForecastAside from Crypto and Stocks, I also look at economical indicators, metals, and commodities. I will be adding these to my ideas moving forward starting with the analysis on WTI Crude Oil price. WTI Crude Oil was in a multi-year descending triangle, which it broke out of and retested the top of the trendline in August 2021. The price is on it's way upwards. Something I learned from a trading mentor is when in doubt, zoom out and look left. I took a fractal pattern from 2009-2013 which looks very similar to how the price is playing out currently and overlaid it in the current price range. Furthermore, I added in the fib levels to see where we can be able to get to before some level of retracement. It seems that $95-$100 price range may be in the cards as the price may get to fib level 0.618 before a rejection. I will keep the community updated on this. What are your opinions on this? Comment below, hit the like and follow me. Thank you! Check out more below for recent Altcoin, Bitcoin and Stock Ideas. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
TVC:USOILLong
by MillionaireEconomics
3