Get started

Brentoil

CURRENT OPEN POSITIONS...EURAUD, USDNOK, AUDJPY, BRENT CRUDE OILIn this video update, we take a look at our current open positions to give an update of where we are at. EURAUD has moved significantly towards targets as well as AUDJPY. The daily timeframe suggested the AUD was going to weaken and we are seeing that play out at the moment. USDNOK remains bearish and was close to targets before rebounding, looking for the momentum to pick up here as the price has remained range-bound.
by BlueberryMarkets
OIL: Double Equilibrium! Break Coming Soon!Hello dear energy sector friends and USOIL traders, hope you're doing well guys! ;) Oil is now in a double Equilibrium range, both on the Daily & on the Weekly. I'm gonna walk you through how to play the break in either direction. Have fun watching! ;) If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
TVC:USOIL
by Edgy_
3
Brent Crude Breakout?Awaiting for the close to confirm this breakout. Of course this would be a trade. I am still of the opinion that a recession is coming (or we are already in one) and oil will struggle. Really only geopolitics can change that. However, on Brent crude, we had a downtrend and failed to make more lower lows. Indicating that the buyers were stepping in and the trend was changing. We appear to be getting a confirmed break above this resistance level. Just awaiting the close. There is a flip zone at the 64.10 zone so watch how price reacts there.Otherwise 65 may be in the cards.
TVC:UKOILLong
by Uncharted-FX
BRENT - Important levels before US Oil Stocks announcementGlobal markets started this week following new tarriffs and statements between US and China. President Trump wants to decrease import of goods from China and also mentioned that US should undertake necessary steps to replace Chinese products. At G7 summit Trump pointed out that new economic and trading partnership with EU will be put on place. Also President Trump made a giant statement that he is ready to negotiate and meet with Iran's President Mr. Hasan Ruhani. These news, although sounds speculative but resulted markets inpredictable movements and uncertanity in Asian markets. UKOIL prices following a downtrend recently tested the psychologic resistance of 60USD. Tomorrow at the US Crude Oil Stocls announcements we are expecting a dropdown of crude oil stocks to 2.133M. This could support the trend reversal of the UKOIL prices and pump the price upwards. For short-term we can surely say that the price will test 60.27 and 61.00 resistnaces. Following resistances are 63.00 and 64.15. Brent in general is in a downtrend since the beginning of the year, we do not expect the price to be above 65.00 which is a very strong resistance, and sellers will do anything to bring the price down from there. Let's follow the price to test 58.35 and 57.60 supports and move towards 61.00. Support 1 :58.35 Support 2 : 57.60 Support 3 : 56.20 Resistance 1: 64.15 Resistance 2: 63.00 Resistance 3: 60.27 For other analyses (fundamental or analyses based on news and global reports) follow trend analysis rules Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
TVC:UKOIL
by UnknownUnicorn3931771
Is Brent Oil Heading towards 36 in a couple of MonthsIf respite do not come for Brent Oil in terms of buyers to increase demand between 50 and 55.25, the black gold is likely to make a higher low at around 36 in a couple of months. Looking at the chart, it took Brent Oil about two and half years to rally from its low at 27.08 in January 2016 to its high at 86.72 during October 2018. Since after that, it has being on a decline. Using this assumption one can expect Brent Oil to make another low around 36 (if demand is not drastically increased around 50 mark), in the next 2 years - 2021. OPEC, Non-OPEC countries and unconventional oil & gas producing countries actions and inactions have a big role to play in determining the future of the price of oil within this period... This analysis is based on my technical analysis opinion and not to be construed as a trading advise. PLAN YOUR TRADES AND TRADE YOUR PLANS
FX:UKOILLong
by BullBearMkt