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Brentoil

Brent oil buyers remain hopeful inside five-week-old channelAlthough the weekly falling trend line probes Brent oil buyers of late, the commodity prices remain inside an ascending trend channel from May 27, not to forget staying beyond 100-SMA. The same joins an upbeat RSI line to keep buyers directed towards an immediate resistance line of $76.00. However, any further upside will be questioned by the stated channel’s upper line, close to $77.50. In a case where the oil bulls remain dominant past $77.50, the late October peak surrounding $78.00 may test the rally targeting the $80.00 psychological magnet. Meanwhile, pullback moves become less concerned until staying beyond the 100-SMA level of $74.10, needless to mention the channel support of $74.50. Also acting as a downside filter is the $74.00 mark, a break of which will make the quote vulnerable to decline towards the mid-June lows near $72.00. It’s worth noting that Thursday’s US ISM Manufacturing PMI and Friday’s US NFP, not to forget Thursday’s OPEC+ meeting, become the key events for energy traders.
TVC:UKOILLong
by MTradingGlobal
The demand is back.The world today is facing a new era, from normal life to pandemic era. Since that the vaccination around the world is in progress, the demand of logistic is back in tracks. Oil demand will be in the right place, right moment to bullish trade. Foresee that tourism will be coming soon.. expected will be back on this end of year. When everybody is vaccinated, they will go to take a vacation... The airport lanes will back busy, airport chimes will busy.. and the planes are back to fly.. the oil demand is more needed. The bulls will back busy rather than the bear trades..
CAPITALCOM:OIL_BRENTLong
by SL-Trades
Oil - Possible Wyckoff AccumulationIdea for Oil: - Oil seems to be setting up for an inflationary shock event in the longer timeframes. - Understanding the trend of oil prices can help in market selection and portfolio construction. - Oil has broken out of a falling wedge. - There was a Wyckoff Spring from Hades as price went negative! - However, lower highs, lower lows, and volatile sell-offs are still a sign of weakness. - Oil has shown that its price can go negative, so a relatively low price should not be mistaken as a bottom. - Something to mention is that Biden has shown his international non-interventionist stance with the Israel-Palestine event, and I speculate that he is turning his attention toward domestic population control, from the UFO disclosures. This is a signal for volatility in oil during his term. GLHF - DPT
NYMEX:CL1!
by UnknownUnicorn1043646
15% Move for Brent Oil Brent Oil trading within the Apex we are soon to get a breakout or breakdown . As detailed on the chart we can see that the .75 Fib has been a Strong support for Brent since December 2020 and is still respected . With that said we have a measured move of around 15 percent for this to extend its uptrend into the 80 dollar zone or retreat back to the 56 Dollar level where we can expect support to hold . Like and Follow for Daily Analysis , signals and to see or hear my perspective . Know your Invalidation and Trade With a Plan . PLEASE NOTE THIS PERSPECTICE IS BASED UPON TECHNICAL ANALYSIS ONLY I DO NOT FOLLOW ANY GEO POLITICS THAT OF COURSE CAN EFFECT THE OUTCOME SHOW ME THE CHART AND I WILL TELL YOU THE NEWS IS HOW I WORK
CAPITALCOM:OIL_BRENT
by SJTRADESFUTURES
CRUDE OIL - Potential Bearish Reversal Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow. CRUDE OIL is sitting around weekly resistance in red so we will be looking for sell setups on lower timeframes. on H4: CRUDE OIL is forming a channel in red but the lower trendline is not valid yet, so we will be waiting for a third swing to form around it. (projection in purple) Trigger => Waiting for that swing to form then sell after a momentum candle close below it. (gray area) Until the sell is activated, CRUDE OIL would be overall bullish and can still dive inside the red resistance. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
O
by TheSignalyst
15
End of USDNOK decline ??Hello I hope you are well This analysis is done on a daily basis and has long-term goals. As you can see, Sharp has a rising price, but in the face of a gradual and slow decline. It is a downward trend. Finding a suitable point seems to allow us to make a good profit from the market. If buyers can break the trend line and the price of 8.38722 with strength, you can be a buyer every time you return to the broken trend line and the mentioned price. But from here, the chart can move to the price of 7.9619, the support zone of which is clear in the analysis, and then climb up. In any case, we are waiting for Kendall's approval. But on Friday, the interesting Kendall finished his work !!!!! 📣 Attention 📣 ⚠️ 1. We publish this trading idea to help analysis, so if you have an idea that you think is right, do not be influenced by this idea. ⚠️ 2. All our analysis and signals are provided free of charge, so we have no obligation to make any profit or loss on our signals and analysis. ⚠️ 3. If you have an idea, write to us in the comments section, we will be happy to use your idea in our analysis.
Long
by fx_iranian_traders
UKOil (Bearish Bat) Here on Brent Oil we have a bat pattern (much cleaner than West Texas) the Grey Box indicates some areas of confluence. the middle of the box is the .886 of the XA leg. the low side of the box is the 1.618 Fibo Extension of the ABC legs of the pattern and the top range of the box is 2.0 range of the BC leg. this area has proven on the left to be quite powerful printing an 88 point swing point. look for a violent rejection out of this zone for a minor reaction. Look of a "M" pattern for a more substantial reversal. I think this is more of a corrective move of the much larger picture so be prepared to see an ABCD pattern bringing price back up for the longer haul.
TVC:UKOILShort
by ARegularGuy