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Brentoil

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
Suez Canal FiascoWe've all heard about the big ass ship stuck in Egypt's Suez Canal last week. On Tuesday morning (3/23) the 'Ever-Given' vessel, leased by Taiwanese Company EVERGREEN; was caught up in a 'Darude-like' sandstorm causing over 10 billion in damages so far and unforetold shipping delays. The Suez accounts for 30% of imports coming into Europe from Asia. There are currently 150+ container ships caught in this costly traffic jam, where the estimated costs of waiting are upwards of $400Million/hour according to various news sources. Looking for ways to capitalize on News events? If you have access to Asian markets; take some shorts on lease owner EVERGREEN 2603. They had positive reported earning on Monday just one day before the shitstorm and there's a definite shift in momentum back to 30-lvl support. Also consider short positions in the vessel owner; Japanese Shoei Kisen KK. UK P&I Club Insurance is meant to cover pollution and injury, not cover hundreds of lawsuits for this costly conundrum.. Let's get it! static01.nyt.com
TWSE:2603Short
by BonaFide111
1
Brent Crude: The Big Bear Show! 🐻🐻🐻It has been a while since we spotted bears on the oil market, but they came back in phenomenal fashion! With the yesterday’s offensive, they were able to pull the price shortly under the second support line at $62.36 – a crucial mark within our primary scenario. We expect that the price will further drop below $59.04. From there, we see a more comprehensive bullish run setting in to tackle heights of $80 and beyond. Good opportunities are coming!
TVC:UKOIL
by MarketIntel