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Brentoilanalysis

UKOIL (Brent) Technical Analysis - VideoIn my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea: Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March tends to be a bearish period for Brent. Disclaimer: Remember, this analysis is based on technical factors and should not be seen as direct financial advice. Trading commodities is inherently risky. Before making any trades, always consult with a qualified financial professional and carefully consider your own risk appetite.
TVC:UKOILShort
by fxtraderanthony
UKOIL (Brent) Technical AnalysisBrent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of March. Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading commodities carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
TVC:UKOILShort
by fxtraderanthony
BRENT - Interesting sell zone!Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious. That's why I see BRENT drop in the zone and bumping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
BLACKBULL:BRENTShort
by ex_rico
BRENT - Interesting sell zone!Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious. That's why I see BRENT drop in the zone and bumping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
BLACKBULL:BRENTShort
by ex_rico
BRENT - Interesting sell zone!Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious. That's why I see BRENT drop in the zone and bumping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
BLACKBULL:BRENTShort
by ex_rico
Brent - W1\D1Brent W1 - The price may form a potential 3-wave structure, which, if wave 1 is broken, will mean continued upward movement to the values of 95.90 D1 - You can observe the formation of a triangular structure with a breakout of the upper trend line. Globally, the levels that the price can reach are 92.04 What can you expect? You can consider entering from the current levels of ~79.21 or wait for the price to fix behind the trend line and then consider entering. Cancel if the price breaks the minimum - 75.34, if you are considering the entry from W1 and the formation of a 3-wave structure, the stop can be set at the minimum of the 1st wave at 72.00 Long Target 81.41 - 82.78 - 85.51 - 87.98 - 92.04
TVC:UKOILLong
by Trade_Hive_Signals
Weekly Price Prediction: $78.00 (Min) and $87.50 (Max)Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $75.62 (Min) and $81.93 (Max). Contended Price Levels $81.00 - $78.00 High Volume Node - potential support $81.73 Resistance Line - potential resistance $75.62 Support Line - potential support Technical Analysis Fibonacci Retracement Breakout: The price has gone below the 0.5 Fibonacci level. This level is currently just a dollar above the blue resistance line. Volume Profile Analysis: High Volume Nodes (HVM): Bottom HVM: Signifying an area of good liquidity and a potential support region. The price has stalled in this area over the last few weeks. If the price breaks downwards it could carry on. MACD and Stochastic RSI: Stoch RSI (Bottom Indicator): It has crossed over at the bottom and now has just about crossed over at the top. Showing overbought pressure and a potential downturn. MACD (Top Indicator): This indicator has maintained just below the negative region and has refused to move out over the last few weeks. I don't see it going anywhere this week. I believe it will stay and we won't see a bullish signal this week from this indicator. Additional Factors Prior Resistance ( Top Blue Line): Just above the Bottom HVM, a blue line represents a prior resistance level. The blue line just crosses over the current price bar. Could be a potential resistance area as well. Prior Support (Bottom Blue Line): This represents a support level for the price. This may be crucial if broken as the HVM is just above it. The blue line just crosses over the current price bar. Could be a potential support area as well. Geopolitical Events: Given the volatile nature of the commodities market, traders are advised to stay vigilant regarding any geopolitical events in the upcoming week, as these events can significantly impact oil prices. Conclusion To conclude we see the price range being between $75.62 (Min) and $81.93 (Max). This is due to the price staying within the HVM and seeing support with also a support line just below the HVM. However, there is a resistance line just above the HVM as well. These two support and resistance lines make our price range for this week. The Stoch RSI is showing a bearish sentiment so this will be crucial to watch out for. Also, something else which is crucial to watch out for is the blue line that has already crossed the current price bar. This will form new support/resistance. The MACD is effectively null this week.
OANDA:BCOUSD
by BlackbearTrader
Brent - D1\H4Oil Brent D1 - The price has formed a triangular formation, which may mean that if it fixes beyond the lower line of the triangle border, the price may continue to fall further along the trend and further reduce the price to the levels of 70.19 When fixing behind the upper trend line, the price may reverse and begin to rise, since a 3-wave structure may already be formed for the targets; in this case, we will see the price of 89.21. H4 - For purchases, it is better to wait for fixation behind the trend line; you can also try to open at the current price with minimal risk per transaction from the lower border of the triangle. If there is a fixation, turn into sales. What to expect now? Waiting for the level of 82.07 to be broken/fixed and an upward movement towards the nearest targets of 89.21. When opening a position, it is best to exit the position from the level of 78.93 - 78.23, if this scenario does not materialize. When fixing behind the lower line 78.95 - 78.15, the idea is canceled when a 3-wave structure is formed in the opposite direction 89.95 - 82.87. Long Targets 83.01 - 84.31 - 86.68 - 89.21 Short Targets 76.47 - 75.24 - 72.63 - 70.19
TVC:UKOIL
by Trade_Hive_Signals
Brent Crude Oil🛢️Outlook: Navigating The Next Huge Move (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80 can't hold its ground, we might be looking at a dip to the 77 zone. On the flip side, if it manages to break above 83, we could be in for a bullish ride. Quick heads up: Keep your eyes peeled for any surprise moves, especially with the OPEC meeting on November 30, 2023, and the ongoing tension between Palestine and Israel. Key Levels: Support lines: 79.00 & 76.00 Resistance lines: 83.00 & 84.64 Drop your thoughts in the comments below. Appreciate your take on this! Thanks! 🚀
TVC:UKOILShort
by InvestScale
Oil Brent - H4Oil Brent W1 - The formation of a 3-wave structure continues D1 - The price has reached 161 lvl. 3rd wave, which may mean further movement down to level 200 - 261 H4 - The price is in the correctional 4th wave, you can see the formation of an ascending channel. If the lower trend line is broken or fixed behind it, further sales to the levels of 75.4 can be considered You can also consider entering from the formation of a double top and further movement to the lower boundary and beyond. What to expect now? Expectation of breaking through the level of 82.20 and fixing the lower border from the level of 81.15. When opening a position, it is best to exit the position from the level of 83.60; if this scenario does not materialize and the price may return to the local range, wait for the lower border of the channel to be broken. Short Targets 80.00 - 79.16 - 78.43 - 76.87 - 75.41
TVC:UKOILShort
by Trade_Hive_Signals
UKOil Brent Technical Analysis And Trade IdeaIn this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis, encompassing essential components such as evaluating the current market trend, price dynamics, market structure, and other indispensable aspects of technical analysis. As we progress through the video, we meticulously scrutinize a potential trading opportunity in Brent Oil. It is imperative to stress that the insights shared in this content are exclusively intended for educational purposes and should not be misconstrued as financial advice. Participating in the foreign exchange market trading carries a significant level of risk. Therefore, it is vital to prudently incorporate robust risk management strategies into your trading plan to navigate these challenges effectively.
TVC:UKOILShort
by fxtraderanthony
Oil Brent - W1Oil Brent W1 - The price has formed a 3-wave structure, which may indicate a trend reversal, and if this scenario is implemented, it will be possible to potentially see the price at the level of 66.30. Judging by geopolitical data, due to the rise in oil prices and the growth of the asset, there was a local movement. To confidently enter sales, it is better to wait for the level of breaking through the 1st wave of 83.30 to be fixed. What to expect now? Waiting for the breakout and fixation at the level of 83.30. When opening a position, it is best to exit the position from the level of 88.13, if this scenario does not materialize and the price may return locally to the range of 85 - 95 Complete cancellation of the script mark 93.83 Short Targets 81.18 - 76.73 - 72.80 - 66.30
TVC:UKOILShort
by Trade_Hive_Signals
Oil Brent - H4\D1Oil Brent The nearest target is at 96.00 in continuation of the 5th wave on D1 H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend. What to expect now? Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88 When opening a position, it is best to exit the position from the level of 86.47 - 85.66, if this scenario does not materialize. Long Targets 89.98 - 91.40 - 92.75 - 94.88 - 96.00
TVC:UKOILLong
by Trade_Hive_Signals
Oil Brent - H4Oil Brent *Updating the idea and how to act* Long - ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which can lead to further growth and the 5th wave on W1 The nearest target is at 95.90 This scenario is best used to exit the triangular formation on H4 when the level of 87.85 is broken - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 85.09 Short - If the price does not continue to move upward, and this was a full-fledged reversal, in the continuation of the 5th wave on D1, the nearest targets will be at the level of 74.30 In this scenario, you can consider selling from the level of 85.09 - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 87.85. What to expect now? Waiting for the breakout of the level for Long - 87.85, local target 95.90 - 98.10 When opening a position, it is best to exit the position from the level of 85.09, if this scenario does not materialize. Waiting for the breakout of the level for Short - 85.09, local target 77.77 - 74.30 When opening a position, it is best to exit the position from the level of 87.85, if this scenario does not materialize. Long Targets 90.17 - 92.49 - 94.63 - 98.10 Short Targets 82.28 - 79.30 - 77.77 - 74.30
TVC:UKOIL
by Trade_Hive_Signals
The increase in Brent Crude ⛽️Oil⛽️ prices due to the WAR🚀➕15%😔Unfortunately, in recent days, there has been a war between Israel and Palestine, and I hope that this war will end as soon as possible.🙏🙏🙏 🧐Now, how can the effect of this war show itself in the oil chart❗️❓ 💡At the same time, as geopolitical tensions increase throughout the Middle East , oil prices are likely to rise even more. Meanwhile, US Strategic Petroleum Reserves (SPR) are down to just 17 days , the lowest in history. This is almost half the historical average of 33 days dating back to 1990 . 💡In addition, OPEC this week reaffirmed its commitment to voluntarily cut production to a ceiling of more than 1.5 million barrels per day. 💡In the days when Russian crude oil exports are limited, and the world's largest oil producers are also at war. 😱There's never been a worse time to have an unloaded SPR than today. 📈In terms of technical analysis, Brent Crude Oil is moving near the bottom of the ascending channel , 🟡 Price Reversal Zone(PRZ) 🟡 and SMA(100) . 🔔I expect that starting next week, the trend of Brent Crude ⛽️Oil⛽️ will rise and at least reach the 🔴 Resistance zone($100.48_$95.80) 🔴 again( ➕15%) . ⛽️Brent Crude Oil⛽️Analyze (USDBRO), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
FX_IDC:USDBROLong
by pejman_zwin
24
Oil Brent - H4Oil Brent The ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which could lead to further growth and the 5th wave on W1 The nearest target is at 95.90 What can you expect now? You can consider entering from current price levels, but reduce the risks. Or wait for the breakdown of the level of 88.90 When opening a position, it is best to exit the position from the level of 83.30, if this scenario does not materialize. You should be careful, since the first wave is impulsive and the correction to this wave may be stronger than it is now. Targets 92.40 - 94.50 - 95.90 - 97.90
TVC:UKOILLong
by Trade_Hive_Signals
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
TVC:UKOILLong
by ForexPlanet20
SasanSeifi 💁‍♂️Brent 👉1D🔼 90 / 94 Hey there! 😊 On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone. If it keeps climbing, we'll want to keep an eye on how it interacts with those resistance spots. Let's see where it goes from here! 🚀 Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
BLACKBULL:BRENTLong
by SasanSeifi