UK BRENT OIL New forecast The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend. Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves...
Brent accomplished the climb above the $86.06-mark and should continue to rise to finish the blue wave . Once completed, we see the course heading for a steep downwards slope to dip right into the green target zone between $77.13 and $42.20. Within the target zone, we expect the Oil to sink further to end the blue wave around the $62-mark, before rising back...
As I shared earlier this month Oil gave us the downside that we wanted. Now it's all about that long guys and gals! Below there's my previous analysis.
Lets see if the price squeezed in this triangle breaks and the bulls have the day...
we have up trend chart after taking breath I am looking for buying opportunity
hello traders , expecting a 3 wave corrective move for UKOIL . big bullish move in 2020-2021. good luck.
Open Buy Order on Brent - 69.77 TP - 71.85 SL - 69.20 RRR 1:3.65 Good RiskRewardRatio, good SL and good TP shows this buy order very interesting.
Formed an inverse H&S at the 4-Hour chart. Possibly have already 'retested' it.
The big picture is still looking pretty bullish Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ... But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?! How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD Why ??? Let me shortly...
1. So many has forgotten about the Daily IHS. 2. Structure resistance and support + FB, probable waves.