Get started

Crude Oil Brent

Strifor || UKOIL-07/19/2023Preferred direction: BUY Comment: The medium-term and long-term picture of oil looks most likely in favor of the seller. To be completely sure of sales, it is necessary to wait for the price to close below the level of 77.39. The short-term picture is quite unusual, and most likely today-tomorrow will be in favor of the buyer. The level of 80.59 suggests itself for a test, and perhaps further buyers will be able to reach the local maximum at the level of 81.7. Thank you for like and share your views!
TVC:UKOILLong
by Viktor_strifor_analyst
3
Strifor || USDCAD-07/13/2023Preferred direction: SELL Comment: When approaching the support level of 1.31385, the currency pair immediately received a signal from buyers and rebounded. However, most likely this is a partial fixation of sellers whose ambitions locate below this support. By the end of this week, it is expected that the instrument will drop below this level. Before the weekend, the currency pair is likely to begin to recover slightly. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
3
WTI UpdateThe price appears to bounce back as expected, with OPEC+ output curbs finally biting. Russia announced a voluntary decrease of 500 kbd that will remain through the end of August. The technical context entails an acceleration in wave [ 3] of iii. Most ElliottWave traders aim for a third of the third when the price moves a considerable distance with no noticeable pullback. I don't have any alternative options now, but given how difficult it was to pick the bottom, I won't celebrate until the end of the move. The larger picture stays unchanged. Either a triangle as wave Y of (X) that will last until the end of 2023 or a more sharp rally as wave C of (X) (black labels). I'll reiterate that waves wxy of (b) and [ w] [ x] [ y] of wave ii are a little complex, which is typically a bad sign. However, I'm struggling to come up with an immediate bearish scenario.
TVC:USOIL
by Fomenka
UKOIL(BRENT)-07/05/2023Preferred direction: BUY Comment: The long idea for oil has been working out very well and after completing the planned path earlier, the level of 77.39 opens for the buyer. A rather difficult obstacle for the buyer, because if not for it, then the price could rise above 78 from the current ones on the impulse. Therefore, in the near future, an approach to 77.39 is expected, then consolidation (most likely) and after a rise above 78. Thank you for like and share your views!
TVC:UKOILLong
by Viktor_strifor_analyst
3
USDCAD-07/03/2023Preferred direction: SELL Comment: Despite the fact on Friday the downward impulse after breaking out the lower border of the balance did not take place, the priority of sell remains. However, the action plan has been slightly changed. The most potential sell should be considered at the upper border of the current balance, most likely in the format of a false breakout. An alternative scenario, also sell, can be considered at the lower border of the same balance, that is, in the format of a breakdown of the level of 1.32399. The target is still the same at the level of 1.31385. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
3
Stubborn MarketsThe markets simply refuse to give up. The birds are speaking to them, but nobody listens. Gold, still living inside a massive bearish wedge pattern, is almost ready to print a death cross. The 1M, 2M and 3M timeframes print a similar picture. The 2M chart is beginning to give in. Volatility between MAs is keeping these still glued together, unable to figure out the next move. Either the best Golden Cross prints or the worst Death is soon to come. Markets are weird. I always found incredibly interesting the period before the .com bubble. Equities had just printed a death cross. After the post-1988 prolonged weakness, all support seemed to have been lost. Instead, the markets boomed. It is at these extremes when the good and bad stuff happens. I am getting annoyed from all the birds speaking, many of them bullish on gold, others bullish on equities. The Gold Bird Everybody wants to keep this fella alive! The SPX Bird Everybody wants to kill this poor fella! With both birds SCREAMING, we cannot reach conclusions. Gold Bulls are buying into their ultimate doom. SPX Bears are selling into one of the most powerful bull runs we have witnessed. It is the duel between them that will clear the picture. Honestly, it looks like a Gold Cross is about to shape for equities, not for Gold! Gold may instead take the black death-ish color. Again, Buffett may be right after all... Japan + Oil = love-4-many-years US Yield Rates show significant signs of strength. The end of the 2nd Big Tech bubble is right around the corner... Bird might be Peter's word. Don't be like Peter. Remember: Trend is the trader's word.
TVC:GOLD
by akikostas
13
ukoil 1 hour chart distribution tp 65 usd / bbl🔸Today let's review the 1 hour chart for brent oil . Previously strong downtrend in progress entire 2023 so outlook remains bearish until we can daily close above 80 usd. 🔸OPEC production cuts have low impact on prices recently due to lower global demand. Technically, we are in a distribution pattern setup since May 2023 and expecting breakdown and new/fresh lows soon for Brent. 🔸Recommended strategy for crude oil traders: short-sell near market / short-sell rips and rallies, limited upside and final TP bears is 65 USD. once we get a valid breakdown of the structure expecting losses to accelerate in this market. 🎁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
18