Brentoil
Brent Crude : Short Crude on 100 $ BreachCrude is now in a sideways pattern after reach highs of 140 $. The trend is still negative, and once we get a close below 100$ it will open levels of around 60 - 70 $. Keep a watch the ride is about to start.
Brent idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
I expect the price will reach the red line.
In the long-term, Brent will reach 120 $.
💬
What do you think about this setup?
💬
Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
Vix / Oil - Recession / "Boom" correlation interesting correlation between the vix & brent crude with economic recessions & "booms" through the years
XBRUSD Possible Bullish Trend active SignalXBRUSD UK Brent Oil against USD will grow more next week possible to continue with the bullish trend and break a 110.58 Resistance easily you may follow the uptrend and get trade from 109.80 to 110.20 for the short term. and also following H4, the D1 trade chart will go higher almost TP1: 111.00, TP2: 111.60, TP3: 112.80.
This analysis only charts patterns with Support and Resistance. may next week affect any fundamental news on this pair please be aware and put SL Entry level 109.40
Warning:
Forex Trading is not a Gambling so be aware of your capital in risk this signal is only for Analysis with chart patterns. If you make trade with follow this chart it's your own risk
Crude Looks good on Weekly Chart - Can touch recent High Crude on weekly looks too good , close on month high & weekly high
Next Week would be interesting to watch crude.........
Keep Close Eye above 8550
#crudeoil #crude #brent #commodities #commoditytips
EU sanction will create volumeThere's rumor that EU is planning to ban russian oil until year 2027 gradually to zero.
MACD is forming to a right line.
As soon as 5 days MACD goes to the top level again. it's time to see another rally of WTI US oil.
Price will continue to grow and it could create oil crisis sooner or later.
Shanghai and Beijing is trouble with lockdown also, Chinese president Xi Jinping will stop the lockdown soon.
Demand is strong and supply is weak. We would know what to do for now.
Brent oil #brent #oilIt is a matter of contemplation...
Oil is technically ready for a strong upward movement ,
God knows what could be the cause .
Crude Oil (ICE) Brent - "Big-picture" Bullish!Crude Oil (ICE) Brent - "Big-picture" Bullish!
A proportional countertrend retreat should set the stage for the next leg of the advance.
It's way too early to get a read on a potential shape for Supercycle wave (b) , but it should last for years and potentially retrace as much as 90%-105% of the wave (a) decline.
Stay tuned!
Possible Bullish Scenario on Crude Oil. First, let's start with context. The price has been moving sideways for the last 60 days on a key level where we have observed reversals in the past, as well as continuations after clear consolidations.
The Primary Bullish target from where we are right now is 145.00.
The Primary Bearish target is 80.00.
How can we know which of them will be the right one? The answer is "We don't know" That's why I always get ready for 2 possible scenarios.
This is an idea of how I'm thinking about long positions on Crude Oil . As you can see, the main element here is the Risk to Reward Ratio, which is 3. That means that if I'm stopped two times, and I'm right one time, I will still make a profit. ALL my strategy goes around that concept.
However, on the bearish side, this would be the setup I'm interested in:
REMEMBER: We do not control the outcomes of the market. However, we do control planning our setups in advance, managing risk, and looking for setups with a great risk to reward ratio.
What are your thoughts on Crude Oil? Let me know in the comments.
Oil Breaking outOil breaking out of the trend line resistance. We will see stocks making new highs in this sector. Position yourself now for some short to medium term gains.
USDWTI H4 - Short SignalUSDWTI H4
Hoping to see the next bearish wave here on Crude, we pulled back during yesterday's trading sessions, but still very much in a clear LL/LH sequence.
Hoping we can breach $100 on this next wave, subsequent retest as resistance, then we can target major support price of $95/b.
THE DARK GOLD RISES 💹Brent experienced bearish movement and hit the target from my previous analysis.
The price has bounced off the trendline support and is now gathering bullish momentum to resume the rise.
Break below the support will invalidate the buy.
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.
UKOIL LONG - Buy Entry - H4 ChartUKOIL LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: UKOIL BrentOil
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Resistance @ 117.209
Resistance @ 114.778
Resistance @ 111.456
Support @ 105.692
Support @ 104.437
✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍
✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬
✅ Wishing you enjoyable successful trading 🙏
Brent: Watch Your Head! 🤕Brent has been climbing and climbing and climbing and has actually maxed out the space until $114.74. There, it has finished wave (A) in white, butting its head at the resistance line, and subsequently turned around to move downwards. We expect Brent to drop into the green zone between $106.12 and $99.47 to recover and to complete wave (B) in white. Then, it should start to rise again, breaking through the resistance at $114.74 this time. After finishing wave (C) in white as well as wave B in green, ideally in the lower third of the green zone between $117.78 and $133.52, Brent should turn again, heading in the direction of $97.56.
$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.
Brent (UKOIL) Price CorrectionAlmost the same as what will happen with WTI (USOIL) , Brent (UKOIL) will experience a weekly price correction marked by the Overbought RSI indicator, and with a profit target of $73 in the Demand Zone.
BRENT OIL SHORT TERM AND LONG TERM ANALYSISBRENT OIL SHORT TERM AND LONG TERM ANALYSIS.
Here in this analysis we have the road map of BRENT OIL.
There might be a huge decrease in the price of this commodity be aware of it.
Oil: From line to line. (USOIL:70+)My Oil forecast. Be prepared for a huge move in it. Good trades for everyone.
Brent Oil - Is the Sell-off Done?TRIGGER is required for any arrows on the chart. Please read the below:
After my previous sell recommendation, which reached both the first and second target, it seems that CURRENCYCOM:OIL_BRENT will not go beyond $98. So, in terms of breaking and pulling back to $102.5, we can have a buy with the mentioned targets on the chart.
Descending Broadening WedgeBrent Crude Oil has fallen quite far from its yearly high of $135. That was almost two months ago. Ever since the price crashed down to $100 in less than two weeks from the high, the price has been swinging very nicely between Fibonacci levels. I had done some analysis of that in a previous post. However, today I will be analysing two chart patterns that have formed. The first that has already broken out is a flag. This is a specific chart pattern that forms after there has been a quick steep price rise (pole) and then a consolidation period (flag). The second is a descending broadening wedge.
Ideally from my learning, you want the flag patterns and any chart patterns to be on the daily timeframe. That is how I learnt it, I have had some success trading chart patterns on a short timeframe and I have largely seen other people do the same. However, I don’t know if this is just luck or actual trading. So, I will still use them just for educational purposes so that you may know what would be the case if it was on the daily or weekly frame.
The flag pattern has already broken out so there’s no point in analysing it apart from getting a price target:
Difference between bottom of pole ($99.938) to the top ($107.086) = $7.148 * 0.46 (percentage meeting price target) = $3.28
Add that to the bottom of the flag ($106.003) = $109.29.
The Flag pattern has already broken out and reached its price target. So the main focus will be the Descending Broadening Wedge.
Breakeven Failure Rate for upward breakouts: 18%
Average Rise: 32%
Throwback Rate: 62%
The bottom of the pattern has found support at the 0.62 Fibonacci level. The price, ideally, should touch (not cut) the trendlines five or more times. A good split between the two trendiness. That isn’t really the case here. However, the volume has been trending upwards. This is of course ideal. The price target for this pattern is quite simple for upward breakouts, it's just the peak. So that would be $110.632. This trade may be a quick one, however. The pattern has formed between two Fibonacci levels so the price may rebound once it hits the upper level. Also, as you can see from the Stochastic RSI (upper Indicator on the bottom) a bullish cross over has emerged. Also, the MACD (lower indicator on the bottom) could possibly be closing in on a bullish cross over.
Well, this is a bit embarrassing because by the time I finished my analysis the pattern broke out and reached its price target haha.
