Brentoil
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
Brent oil 4H (triangle)~Stabilized above 63.14 will get (67.60) &(71.44) ,
~Stabilized under 63.14 will get (59.50)
Brent oil 4h~Stabilized above 63.14 will get (67.60) &(71.44)
~Stabilized under 63.14 will get (59.50)
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!
Brent oil 4H~Stabilized above 67.60 will get 71.44
~Stabilized under 67.40 will get 63.14 and then upward
CRUDE OIL - Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Brent (K1) Daily Trading: The trend is still upPreferred scenario: Long positions above 66.30 with targets at 67.75 and 68.75.
WTI and Brent Full Analysis -Trading UKOIL and USOIL Next WeekTraders, Our bullish stance on USOIL and UKOIL has been very good but now OIL market is looking little over extended. So any medium to long term long positions in these markets can lead to losses as a correction can happen any moment in time. Trading a correction/retracement is a better option for now. If you are looking for long position on USOIL or UKOIL, make sure that you wait for correction to hit and and then based on the confirmation you take it.
Both markets are showing FCP Patterns (Fibonacci Confluence Patterns) in W form which can lead to correction to the downside. So be careful.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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Take care and trade well
-Vik
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📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
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Brent oil(1H) On 4H & 1D
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under 61.70
brent oil analysisi think oil looks bullish for now we might see the price rising up to 66.50 as main target, and if price breaks above 66.76 i think it will push even farther toward 67./69 levels .
and of course let's not ignore that gap that price might cover it up before rising .
if price goes under 63.76 it's gonna be tough for bulls and the price might start falling to 62 levels if bear scenario occurs i'll update the chart for you guys.
that said good luck to everyone :)
After Breakdown Frown Bearish Wedge Brent Will Target 62Brent oil is slowing down gradually, and if it breaks the lower channel of the bearish wedge, "black gold" will likely target 62
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
UK Oil Buy Trade SetupHi Traders
Brent /UK Oil (H4 Timeframe)
A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario.
Trade details:
Entry: 65.51
Stop loss: 65.03
Take profit 1: 67.83
Take profit 2: 69.59
Take profit 3: 72.46
Score: 10
Strategy: Bullish wave LL TF
Brent oil 1H On 1H & 4H
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under yellow zone
