The result of the analysisThis is the result of my analysis about Brent. As soon as I said, the next candle was positive
Brentoil
Bull flag on brentI do hope this does not come to pass, appears we have parallel down in price range of brent crude since 2008.
it would fit into the retarded global warming narrative, 'we have to charge more for fuel- Co2 is destroying the planet, not Soros and WEF Schwab , lithium pools, mining and war.'..
no no no, plant food(CO2) is destroying the plants and the planet
and you, it's you destroying the planet...
bold boi!
aside
2008 Brent was €148 a barrel- we paid €1.20 for a litre of petrol in Ireland
2021 Brent was €137 a battel- we pay €2.20 for a litre of petrol in Ireland- see it's all Russia's fault
Brent is €90, we still paying €1.90
Oil will go higher,
the WEF and CO2 alarmists will make it so
Short until entry point at 81.98$Short brent oil up to 81.98$.
As demand for oil declines globally due to coming to the recession, it is only a matter of time before the price hits $81.98.
You'r welcome ;)
OIL target reached. UPDATEOIL showed one more bos, and now we have a new price expansion to the downside. Please check the linked ideas for better context.
📉 Text marks:
🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL.
🔹 ph, pl = protected high or low, which holds current structural impulse.
🔹 bos = break of structure . Based on candle body close below/above previous structural impulse.
🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further.
🔹 if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation.
🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action.
☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment.
👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection.
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OIL WTI -01/09/2022-• Increasing bearish pressure on the oil following China's downgraded growth forecasts, lockdown and increasing chance of a recession worldwide
• Forecast on oil demand lowered for the months ahead
• Technically, the series of higher highs/higher lows has been broken clearly and successfully
• Bears in control
• Next support is the 85 level (high 2021), followed by 77 critical level (high Oct 21 and high 2018)
• Bulls need to reclaim the 92 figure to re-gain control
OPEC and Whales - What next? This graph is a representation of my point of you of the futures market (USD).
BRENT CRUDE OIL BEARISH PREDICTIONSPrices of petroleum are declining due to increased output by OPEC and United States and weakening demand by the Chinese economy.
RSI index of the Daily graph of BRENT is below the neutral line of 50, and MACD histogram, although still above 0 line, is declining.
If the price keeps falling, it might test its previous support at 91.50 and if it breaks it, it might target levels of 84. Alternatively, it might try to reach levels of 105.5
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uk oil Hello guys i want to share my analysis of CRUDE OIL on 4H timeframe Thank you
if you like my work please like and follow Thank you
Turtle Trader
BRENT CRUDEHello and welcome to this analysis
UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support.
The expected rally from the suggested levels could take it towards $115
In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101
In terms of MCX Crude - the corresponding levels are
$ 85 > INR 6100
$ 101 > INR 7600
$ 115 > INR 8400
#UKOIL (Brent Oil) : 08.23.22 This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask !
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 08.23.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
analysis oilmy idea about the oil OANDA:BCOUSD so guys i hope my idea is going to hellp if theres anything ples let me know im here also to leran more about trading .. thank you all
WTIOil in a bit of trouble here, likely entering a 6-10 month bear market correction. Downside target can hit the 618% of the entire 5 moves off the 2020 lows when WTI went negative.
Currently a lower time frame A wave has bounced off the 618% fib retracement level of the 5th wave. But we must correct that entire 5 up not just the 5th wave. We should bounce into a B wave soon on the daily
before making the larger C wave down close to $80. After that The HTF weekly A wave is complete and bounce again into HTF weekly B wave before finally nuking to $50 wave C to complete the entire move. You better BTFD IMHO guys because after this is done oil prices likely to run back turbo over $130.
BRENT OIL - HERE WHAT I SEEIn my previous brent oil analysis, I stated that macd was giving a selling signal on weekly chart.
Then sales accelerated. This is what i see now.
* None of what i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
* The purpose of my graphic drawings is purely educational.
USDBRO - Resistance Testing Price is testing an upward resistance trend with a right shoulder formation
This formation will likely fall back to the downward channel, and bounce strongly off this, forming the right shoulder
This inverted H&S can be compared to a previous price action zone (in green)
Brent oil breakoutBrent oil breaking out after a very long down trending period, now targeting $112 a barrel.
Brent Oil in trading range, low volumeMOEX:BR1! Brent Oil Futures has been in a trading range since March of 2022 on the daily chart forming a rectangle pattern. The support is found at $96.00 and the resistance at $124.00.
A close above $127.00 will confirm the pattern's breakout, with a target price of $152.00.
A close below $90.20 will confirm the pattern's breakout, with a price target of $73.30. Note that not every price target is met.
$BR1! has been trading below the 100 EMA since the first week of July of 2022.
It is essential to observe the low trading volume since the month of March. A low volume after an uptrend could indicate that the trend is ending, and a reversal might start.
" USOiL" BUY Trade ( With 1500 Pips Target )🛎 Signal Alert 🛎
📓 Pair Name : UsOil
📊 Type : Long - Buy Limit
📌 Entry : 87.00 - 85.00
✅ Target : 92.00 - 95.00 - 100.00
😡 Stop Lose : Close 4 Hours Candle Down 85.00
🎚 Risk : 2 - 3 %
DXY Down Trend Started! In my opinion Dollar Currency Index (DXY) started the down trend. I have been watching for the upper trend for a week, and upper trend is broken towards down side. All the market will start to go up now. Commodities, cryptocurrencies and the others especially Euro.
Brent: You Can Do It!On its way down, Brent got stuck at the support line at $97.56. However, we expect it to struggle through and to make it into the blue zone between $94.50 and $89.73, where it should finish wave 5 in blue and wave a in turquoise. Then, Brent should move upwards, crossing even the resistance at $107.64, above which it should complete wave b in turquoise. Afterwards, Brent should resume the downwards movement and drop back below $107.64 as well as below $97.56.
India tricks the West, Strong dollar & China imports russian oilOil top might be in for this year.
Reasons:
1. Market adjustment mechanisms are underway on the commodity markets, ensuring that Russian oil, which is spurned by the West, once again finds its buyers (india, china). This in turn causes these countries to demand less Brent or WTI oil, which again depresses prices. India and China are buying significantly more crude oil from Russia, Europe less, which means there is a balancing out taking place on the world markets with the new tanker routes and transportation routes.
2. India recently bought more oil from Russia than ever before, according to a recent report by the Finnish Energy and Clean Air Research Center. "A significant portion of the crude is re-exported as refined oil products, including to the U.S. and Europe, an important loophole to close," the Finnish analysts warned. Since new sanctions measures are very unlikely, the alignment process between Russian oil and Brent and WTI crudes is likely to continue.
3. Dollar price, interest hikes & recession fears by FED. The strong dollar is also acting as an additional burden on the oil market. This is because commodities such as oil are traded in dollars. If you read between the lines of the FED, they're doing their best to crush commodity and oil prices to crush long-speculators on comm and oil.
4. Fear of new lockdowns in China. Chinese head of state Xi Jinping nevertheless only recently announced that he would stick to the strict zero-covid strategy. This is fueling fears of new lockdowns in China = downside risk for oil demand in China, probably a small impact, since the gov in China is trying its best to avoid a greater corona outbreak in large cities to stabilise eco. situation.
5. bitcoin/tradional markets are sometimes seen as counterparts to oil. Bitcoin, despite very bad news (CPI increased) and being a risk asset, has not moved much further down in price, showing that risky assets have more or less found their bottom while oil bulls have an empty tank.
Opinion: I see the price cooling down slowly rather than continuing to climb, probably going towards 70-60$ in the next 6-10 months.
! This is not an investment advise! Do your own research! This is NOT a recommendation to buy or sell oil shares and this is NOT a recommendation to short or to long oil!
A complete review of Brent oil with Elliott styleConsidering that oil left its long-term correction process on April 20, 2022; It started an increasing and powerful process and increasing tensions and war made this process more powerful.
By carefully examining this trend, it can be said that this trend ended in 5 waves; And now, with the situation balancing a little, the stagnation, the increase in oil production, and at the same time the permission of Venezuela to enter the oil market; The price has entered price correction. It should be expected that this price correction will be in the form of a wave (ABC).
Considering the price movement in the lower time frame, it can be expected that wave A will be formed in the form of 5 waves.
I believe; Currently, wave 1 is being completed, so we have to wait for wave 2 to be created.
If the end of wave 2 is 115; This analysis is complete and you can make the most of the other waves shown.
It should be considered that with the price reaching the range of 36-39.5 in the consolidation of the higher time frame, this whole movement can be considered as wave 1 and 2.
Tip: We have to see how the trend will be formed along the downward path; It is possible that this entire decline in price can be shown in the higher consolidation of an A wave.
In any case, upon reaching the price range of 36 to 39.5, the trend should be re-examined and a new analysis should be presented.
This analysis is prepared with an economic perspective; But from a human point of view, I am very sorry for the war and I sincerely sympathize with Ukraine.
what is your opinion ?
(be profitable)
