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Ukoilshort

Brent Crude (UK Oil) moving lower this week**Monthly Chart** Brent Crude (spot) - UKOil, last month's candle closed lower after testing the previous month's key reversal, this indicated that UKOil is going to continue its move lower. This month's candle which is still active, has opened from the bearish closed candle of May and started moving lower. However, the pair is moving within a long-term range as per the monthly timeframe. **Weekly Chart** Last week candle opened lower. However, it paused around the 77 level, the previous demand zone then moved higher to the 82 level (round number) and rejected it. Therefore, the expectation as per the weekly chart that the move will be bearish for this week. The next target to be tested is the monthly low around the 72 level. **Daily Chart** As per the daily, the price tested the relative equal lows on the daily and started moving higher. However, due to NFP last Friday, the price started moving lower after testing the FVG (or IPA) candle around 82 level and then started moving lower. For this week, I would like to see more price action to provide a good setup to sell this UKOil and move it to test the 72 level given the change in market structure in the lower timeframes.
PEPPERSTONE:SPOTBRENTShort
by PropSignals
UKOIL potential downtrendThere is a possibility that the UKOIL, a trading instrument representing the price of crude oil in the United Kingdom, might experience a downward trend. The recommended take-profit (TP) level is at 77.2, while the suggested stop-loss (SL) level stands at 84.25. However, it's crucial to emphasize that engaging in any financial trading activity carries inherent risks. The TP and SL levels provided are merely speculative and based on an analytical idea or forecast. The volatility and unpredictability of the commodities market, especially concerning oil prices, are influenced by multifaceted factors such as geopolitical tensions, global demand-supply dynamics, economic indicators, geopolitical events, and unforeseen natural disasters, among others. This inherently complex and dynamic nature of the market renders any predictions subject to change or deviation. Investors and traders should conduct thorough research, employ risk management strategies, and exercise caution when making financial decisions. It's advisable to consider various sources of information, consult with financial advisors or experts, and assess one's risk tolerance and financial objectives before executing any trade based on speculative forecasts or trading ideas. Moreover, the terms TP and SL denote the take-profit and stop-loss levels, respectively, indicating the targeted price at which a trader aims to close a position to secure profits or limit potential losses. These levels serve as guiding markers, aiding traders in managing their risk exposure and ensuring disciplined trading practices. Nevertheless, it's essential to remain vigilant and adaptable in response to market fluctuations and unexpected developments that might impact the price movements of UKOIL. In conclusion, the forecast suggesting a potential downward movement in UKOIL with specified TP and SL levels should be regarded as a trading idea rather than a definitive prediction. Engaging in financial markets demands informed decision-making, risk awareness, and a comprehensive understanding of the intricate dynamics driving commodity prices. Traders are encouraged to exercise prudence, stay updated with market trends, and use analytical tools while acknowledging the inherent uncertainties associated with trading.
TVC:UKOILShort
by ArminMah
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 tradingwithanthony
UK Brent Oil 4H :Support further decline UK BRENT OIL New forecast The price of Brent crude futures traded with strong negativity yesterday, succeeding stably without support at 86.93. We note that the price broke this level and closed the daily candle below it, heading towards achieving a further decline, with its next target reaching 85.14 level, by breaching this level will open the door against our targets at first will reach to 84.50 level ,it will extend to 83.80 . Therefore, the downward trend scenario will remain valid during the coming period, supported by the negative pressure formed by the moving average 50, taking into account that stabilized above 86.93 will lead the price to begin recovery attempts and achieve gains and postponed the bearish waves. The expected trading range for today is between support 83.80 and resistance 86.93 . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 85.14 ,83.50 resistance line : 86.93 , 88.36 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILShort
by Arazmajeed
6
UK Brent Oil 4H :New forecast UK BRENT New forecast The price of Brent crude futures opened today's trading with a strong decline, breaking the support of the ascending channel and settling below it, which may put pressure on the price to conduct a new downward correction. Its targets begin by testing the 91.00 level and extend to 89.55 after breaking the previous level. On the other hand, we notice that the price stops at the support of an ascending secondary channel shown in the image, and the moving average 50 meets at this support to add more strength to it, which may contribute to pushing the price to return to the main ascending path again .so stability above 92.52 postponed the bearish attempts . The expected trading range for today is between support 91.00 and resistance 92.52 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 91.00 , 89.55 resistance line : 92.52 , 94.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILShort
by Arazmajeed
UK Brent Oil 4H : under 86.93 will drop again UK Brent Oil New forecast The price of Brent crude futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level, which reaches 85.32 and 84.69. From here, we await further expected decline in the immediate and short term, keeping in mind that breaching and stabilized above 86.93 will push the price to attempt to build an ascending wave whose targets begin at 88.36. The expected trading range for today is between support 85.32 and resistance 86.93 until breaching one of them . Additionally ,Today News will affect the market . support line : 85.32 , 84.69 resistance line : 86.93 , 88.36 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILShort
by Arazmajeed
2
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.
BLACKBULL:BRENTLong
by ForexPlanet20
BCOUSD Potential for Bearish Drop | 20th February 2023Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FOREXCOM:UKOILShort
by FXCM
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
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
OIL, What's next?As the CPI numbers and the inflation numbers starts to slow and decrease, and banks are saying that 2023 inflation will drop even more. The oil is facing more down moves. The Saudi Arabia, needs a $75 per barrel to cover the government budget. but what if the decrease production to keep prices high, will be enough to cover the budget ?! In this chart, we are seeing too possible buys, with two possible scenarios. the first buy at $75.00 per barrel and the second one at $50.00 Always manage your risk in trading be for you enter the market. Regards.
TVC:UKOILShort
by ghattas360