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Brentcrudeoil

BUY BRENT CRUDE? SURELY YES!!!!Hard to even imagine that Brent Crude hit $149 back in 2008. Now standing at 22.32 surely this looks a good place to buy. At these low levels there's no historical support buy with RSI on the Monthly time frame at 26 and signs of a move north on mid time frames I'm in on this trade at 22.39 with a STOP under the low at 16.95 and a provisional target at WR1 Pivot at 30.67. Should we get anywhere near there the T.P. will be moved as once the BULLS get into this market we could go much higher particularly if DJT open up America as he likes to claim he's doing. Might still be a rocky ride ahead for Brent Crude but this looks a decent opportunity for a LONG trade.
OANDA:BCOUSDLong
by theforexportal
Rangebound Crude Offers a low risk Buy Crude is of course in a massive downtrend, however since reaching the lowest previous support level (on tradvingView at least!) at $27.345 price has been rangebound. Following the recent breakout to test $30, it has fallen back into the lower range, with another attempt to break out yesterday defended by the bears. Price is close to testing range support levels (green dashed lines), and these should offer decent RR long trades assuming there are any buyers out there.
OANDA:BCOUSDLong
by theselfishtrader
OIL, Winter is coming...What a bloody day and more to come. A lot of people might ask why? And How That's possible? Is this a bullish sign? Are they gonna pump it out? Moon!? The answer of all of these questions are a simple "No"! But why? First, institutional moneys from both big investors and governments are moving to safe haven in order to keeping them away from loss or less Second, Some people or governments for dealing with current situation need money. So they will dump every share they have whatever it takes. They start with whatever they have more or whatever they don't need first. Oil of course, is the last thing you want to keep in Corona Virus crisis. Now what will happen? We're gonna go up for a few days for hunting some newbies, market now needs some fresh money. Then we tank down to target
FX:USOIL
by kohouooio
🛢 BRENT OIL - Entered zone of verbal INTERVENTIONS USA&SAUIn this zone, I expect a BUNCH of bullish info-occasions into the oil market and bullish forecasts of energy organizations and OPEC. Thumb UP👍 if you agree with me! Although the United States and Saudi Arabia are already competitors in the oil market, they are in the same team in this zone and will do everything possible to prevent a strong collapse in oil prices. And if this happens, then such a failure should not be long in any case... There are 3 very important reasons for this: 1) the Saudis' budget is burning. 2) the US problem is even more serious - almost the entire oil industry is sitting on a wild leverage before banks (very large debts to banks - just a cosmic exposure)! Low oil prices = defaults from shale producers = defaults from US banks = disaster. 3) the impact of coronavirus on energy quotes can be called short-term, since factories in China are already returning to work. Technical Indicator 12H: 1) Awesome Oscillator - turned to green zone and started rise up. 2) Stochastic RSI - started to rise up from the undervalued zone. Summary: Buy on pullback around 55.15 and sell in 67 zone. Its more than 20% profit. Stop-loss could be around 53.37
TVC:UKOILLong
by Fandorinn
3