Get started

Brentoil

USOIL to touch 59.50 and UKoil follow the same long trend Why this is considered for Long : 1. As per the volume the higher volumes are seen in the chart.Volumes are growing 2. As per the LongBuyLongSellIndicator ,Strength-meters(1 2 3 P D ,Up/dn, PSAR,MA Green Red Line, Red STAR, yellow Star,Green Early Entry stars) minimum of numbers of strength-meters lined up in a row /within two candles that is added advantage for the entry. 3.BackGround color informs it is good to enter at this price. 4. As per the LongBuyLongSellIndicator ,The candle color transition change indicator this is the time to go for entry. What is the target : close the target @1.5% of 50% number rest in higher numbers. what will be the stop loss: The stop loss shall be high of previous candle for short /low for the long entry. TVC:UKOIL TVC:USOIL
TVC:USOILLong
by MarxBabu
BRENT OIL price rangesOil prices have been rising since the end of December, rebounding as high as $75 (April 24) from the lows of $50. We can see the 50 and 200-day SMAs around the same area of $69. This area of $69-$70 can be considered as a strong support level and potential rebound point as long as there is no major news in regards to a globally slowing economy. Neutral outlook for now, with a possible tight range of a few dollar in the next couple of weeks, mainly between $69 and $72. Fundamentals that can have a big impact on this range and break it below or above: The Saudis announced that they will increase their supply to Asia which is seen as a counter-measure to compensate for the Iranian market losses. A sensible question would be if the OPEC will loosen up the production restrictions due to the oil supply issues coming from both Iran and Venezuela. Crude Oil stock changes, USA production as well as trade deal developments should also be monitored. To conclude, in case we see a break of the $70 level, the next point of interest would be $67 and then $65 which is the 100-day SMA. On the upside, $75 would be a strong resistance should $72 is broken decisively.
FX_IDC:USDBRO
by InvestmentPros
BrentCrude Oil. Turning up now. Note: If you like trends, you'll like oil. When oil trends, there is no limit. It can trend for a VERY long time. Trading Criteria: Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here. Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box. *These zones, with the inclusion of price action described above, have remarkable accuracy. Yellow border box: weekly consolidation zone Yellow solid box: monthly consolidation zone Red border box: High/Low breakout box (5 minimum candles)
TVC:USOILLong
by ComteSt.Germain