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Crude Oil Brent

UKOIL: Short from ResistanceAs evident on 4Hr Time-Frame with formation of Bearish Cypher harmonic pattern UKOIL a reversal is possible. Seasonal Analysis shows JXY & DXY remain Bullish in January over 60% which have negative correlation with Oil. CXY on the other hand remain Bearish in January over 70% of times which indicates a low price of Oil. TPs can be set as per Fib Lvls identified on chart and stop Loss on or above Point D of Cypher. It is my expectation that price action will retrace to 61.8% Fib level. Manage your risk accordingly.
TVC:UKOILShort
by adnanmagsi
CRUDE OIL (WTI) Detailed Technical Outlook 🛢 WTI Crude Oil has recently been rejected from 76.7 - 77.7 horizontal supply zone. The market is steadily recovering now. The price is growing within an expanding wedge pattern on 4H. From a current perspective, there are 2 options to trade: 1. You can consider trading the boundaries of the wedge, buying the support and selling the resistance. 2. You can wait for a bearish breakout of the support of the wedge, 4H candle close below that will confirm the breakout. A bearish continuation will be expected then. I will post an update, once I spot a decent setup. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
8
NATURAL GAS🔥 to $4.6?Please 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Wassup guys?! After my NG short call (two months ago) and reaching it's target I think the drop may not be over yet. I can imagine price is going to test support cluster created by major uptrendline (lime), horizontal support 4.75-5.95, and the yellow trendline. The former support zone 6.46-5.95 now acts as resistance at it seems to me that the upside pullback from the low 4.75 to 7.22 is running out of steam. Closer look (4h)... ...reveals local triangle (yellow) which is just about to break one way or the another. My bet is to the downside breakout. I wouldn't go long as long as the major downtrendline (red) holds. Let me know your thoughts in the comment section. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
NYMEX:NG1!Short
by bizmark
7
UKOIL: Bearish Reversal IdeaBearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at 84.23 • Seasonal Analysis shows UKOIL remains Bullish in December Month. Biased: Short Entry Short: 84.52 (Fib Level 78.6%) TP1: 0.68236 (Fib Level 61.8%%) TP2: 0.68085 (Fib Level 38.2%) Stop Loss: 86.20 Risk/Reward: 1:1.6
TVC:UKOILShort
by adnanmagsi
🎉 🎁 Christmas Analysis : First Long , Then SHORT 🎄☃️"Best wishes for a joyous Christmas filled with love, happiness and prosperity!" Happy Christmas Everybody ! 🎄☃️🎁🪅🎉 As you can see, after reaching the mentioned demand zone , the price had a positive reaction and reached the range of $1798 with 180 pips growth! It is likely that this week the price can grow up to $1813 to fill the liquidity void caused by last week's sharp drop! Monitor the reaction to these levels! I drew the possible trend on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.24.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDLong
by ArmanShabanTrading
23
Need a low pump up! As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on its historical top resistance price 147 maybe!? I myself accept this scenario instead of break down the very long term white trend line and see lower price around 40 or even lower ?! How do you think???
TVC:UKOILLong
by AtareumFX
⚠️ XAUUSD : Don't DO these things 👇🏻Gold is trading in the range of $1814, one of the important Demand zone that we can mention is $1783 to $1797, and one of the important supply zones is $1818 to $1824! Pay attention that there is a possibility that the price will penetrate above $1824 to collect liquidity and then face a fall, so don't look for a BUY position within that range! The possible trend is indicated on the chart! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.21.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
26
Mixed view on the oil market In our previous article, we said that we would like to abstain from setting any price outlook for USOIL after it stopped 0.10$ above our 70$ price target. Unfortunately, that continues to be the case also today, and we do not wish to set any new price targets. However, we would like to update at least some thoughts on the asset. On 8th December 2022, we floated the idea of the price deviating too far from its moving averages. Interestingly, the next day the price halted its decline and started going up. Since then, the price has broken above 20-day SMA. As a result, USOIL currently trades near the 78.90$ price tag. At the moment, we will pay close attention to the price action. If the price breaks above 80$ and holds there, it will bolster the bullish case for USOIL in the short term. In such a scenario, it could be possible that USOIL will attempt to fully retrace toward its 50-day SMA. That would mark a significant downtrend correction and perhaps even foreshadow a bigger move up. However, our current thoughts about the oil market are mixed. There are several factors responsible for that. First, economic activity is slowing down rapidly, weighing on oil demand in the coming months. Second, National Oceanic and Atmospheric Administration reported that the Earth experienced the coolest November since 2014, which can contrarily boost demand over the winter. Third, the U.S. might consider slowing down or halting releases of Strategic Petroleum Reserves (SPR) as their levels are reaching 1983 lows. In addition to that, there are rumors of Germany and Poland demanding oil from the Russian company Transneft, which opens a debate about whether some of the Russian crude oil can be allowed back into the European market. With that said, we would like to wait longer on the sidelines until we see a clearer picture of the market. Illustration 1.01 Illustration 1.01 displays the daily chart of USOIL and simple support/resistance levels. If the price holds above the short-term support, it will be bullish in the short term. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOIL
by Tradersweekly
17
🔴 GBP/USD : Short or What ? 12.21.22The price is trading in the range of 1.21, and with what I see on the chart, the price is more likely to fall, the possible target of this SELL is 1.157 to 1.165! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 12.21.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Short
by ArmanShabanTrading
15
What is Brent oil?Brent oil is the benchmark by which the bulk of the 100 million barrels of crude oil traded each day is priced. Brent plays a unique role in the global oil industry as a benchmark crude oil on which most other types of crude are priced. If you want to invest in Brent oil, you can continue reading our article for answers to questions such as "What is Brent oil?", "How to buy Brent oil?", "What is the difference between Brent oil and WTI?", "Why does Brent oil prices rise?", "Why does Brent oil prices fall?", "Brent oil prices how to get oil? What is Brent oil? Brent oil is a blend of crude oil extracted from the North Sea in the early 1960s. It is considered a light, sweet type of crude oil. Crude oil is a natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, and other petroleum products. Brent oil accounts for more than half of the crude oil traded internationally. For this reason, it is an important criterion in the pricing of crude oil. Brent oil is also known as London Brent or Brent Blend. The other main crude oil benchmark used in world markets is West Texas Intermediate (WTI). What is the difference between Brent oil and WTI? Brent oil and WTI are the two major classifications of crude oil. Brent oil is extracted from the North Sea, while WTI is extracted from the USA, primarily Texas. Brent oil accounts for about two-thirds of global oil pricing. Oil produced in Europe, the Middle East and other parts of Africa is priced differently from Brent depending on its characteristics. Crude oil futures are traded on commodity exchanges: Brent oil is traded on the Intercontinental Exchange (ICE), while WTI is traded on the New York Mercantile Exchange (NYMEX). Why are Brent oil prices rising? Brent oil stocks are highly sensitive to changes in global supply and demand. Roughly speaking, if demand is high and supply decreases, the prices of brent oil will rise. Both demand increases and fears of supply disruptions put upward pressure on brent oil prices. Global oil demand, on the other hand, is increasing, outpacing increases in oil production and excess capacity. The biggest reason for this is the rapid growth of developing countries. These economies are increasingly industrialized and urbanized, leading to an increase in world oil demand. Why is Brent oil price falling? As with any commodity, stock or bond, brent oil prices fall when supply exceeds demand. OPEC is the main influencer of oil price fluctuations. OPEC is also a consortium of 13 countries, which, according to 2018 statistics, holds almost 80 percent of the world's oil reserves.
SKILLING:XBRUSD
by Forexcues
EURUSD, Will it fall? See the factsDaily Time: As you can see in the chart, it has reacted negatively to the long-term downtrend line and sellers have become active. A strong negative divergence has also formed. It seems that in the short term, it will have a good correction and will touch the specified targets. Important : The market needs a short-term correction (at least 50%) to attract big buyers again. At the same time as the DXY gains strength, an attractive short-term correction will occur in other assets, especially gold and bitcoin , and the opportunity to buy will be activated again.
Short
by sina76m
7