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Crude Oil Brent

UKOIL Long Idea Daily bias switched over to long today. no strong resistance till 85.77 visible. 2 potential entries marked on chart along with all relevant information needed to assess long idea. additional potential entry can be expected at London open. I usually trade just London session but this setup looks too good to pass on if it presents right away. but I will wait till the POC is cleared. whether it does this in next 15 minutes or after London opens up, we will see.
TVC:UKOILLong
by Osiris992
Crude Oil ~ Snapshot TA / Bullish ReversalWell well, H&S Short Position was there ready to be taken - but unfortunately Price Manipulators were also ready to defend.. First warning sign was wick reversal beyond 38.2% Fib. Second warning sign was another reversal just underneath previous wick for the Stop Hunt. Price action has since rallied above neckline, consolidating just under 23.6% Fib. In hindsight, makes sense why Market Makers would intervene an imminent sell-off when globally significant news haven't hit wires yet (Powell/Jackson Hole). All you can do is highlight key levels, set alerts & wait for Trade Setup to come to you.. Ps, retained H&S Short Idea on chart as reminder & part hopefulness of potentially playing out lol...we'll find out soon. Boost/Follow appreciated, cheers :) CAPITALCOM:OIL_CRUDE TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDE
by BlueHatInvestor
Crude Oil ~ Snapshot TA / H&S BreakdownCAPITALCOM:OIL_CRUDE capitulating under pressure from Macro-Economic headwinds. Bearish H&S development. Waiting for price action to either break/close below (higher timeframes), or break & re-test Neckline Support to trigger pattern confirmation. Extrapolation = Golden Fib target zone. Notes: - Neckline + 50WEMA/100WEMA crossover confluence - 38.2% Fib + 50DEMA confluence - Demand Zone (white box) + 200DMA, 100DEMA, 20WEMA confluences Boost/Follow appreciated, cheers :) TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDEShort
by BlueHatInvestor
2
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
NYMEX:CL1!
by TheTrade_Academ
ukoil 8hours sell side 15% swing trade setup🔸Today let's review the 8 hour chart for brent oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought. 🔸OPEC production cuts finally kicked it, therefore we got a decent pump in the oil market. Strong resistances overhead near 87.20 and 89.20, expecting bull trap setup after we break above the stop loss clusters. 🔸Recommended strategy for BEARS: look out for bull trap setup near 90.60 and get ready to short sell from overhead. limited upside beyond 90.60 usd, bears will target re-test of mirror s/r level at 77.80 and 75.20 usd. this is a 15% swing trade setup on sell side, good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILShort
by ProjectSyndicate
28
Retracement and higher high on CL?We successfully broke the weekly trend line and right now we are at the daily sell zone. I would like to see some retracement and then a higher high to around 83 area. Also, we crossed the 200 EMA on the daily timeframe which is a strong trend reversal signal. Entry - 77.5-78 (I would wait for a retracement to this level to go long. We can enter early around 78.5 if you do not want to miss the move.) Stop - 76.85 ( I would like to see a daily close below this level ) First target - 80 Second target - 82 Final target - 83 Please let me know your inputs. Happy trading!
NYMEX:CL1!Long
by AS_Futures_FX