Short on uk oilPrice consolidated.
Failed to break new high.
Took some profit of the table at the recent low.
Let the rest ride down to 72.608 maybe XD
BCOUSD trade ideas
Brent Oil trend upOil has got some bad news for couple of months but now looks like the trend is getting a bit stronger showing demand is improving. For moment its a long position on oil!
OilRegarding the USD/Bro movement, it seems that we have reached a crucial point. Stability above $78 will push oil prices towards $93. However, if there is a breakdown and stability below $76, we will observe a decline towards $60.
Usd/broRegarding the USD/Bro movement, it seems that we have reached a crucial point. Stability above $78 will push oil prices towards $93. However, if there is a breakdown and stability below $76, we will observe a decline towards $60.
Crude - st target 92-96Crude has built the base for a wave (C) to complete circle wave 2. Expect to see a sharp move up to 92-96 zone in Brent. Wouldn't recommend taking longs afterwards.
BRTUSD H4: Bullish outlook seen, further upside above 75.50Price is hovering above a key support zone of 75.50 on the H4 timeframe. A throwback to this zone, which is in line with the 78.6% Fibonacci retracement, could present the opportunity to ride the bounce to the resistance zone at 77.50, which coincides with the 61.8% Fibonacci extension level. Price is holding above the Ichimoku cloud and Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
We will never see such prices for European stocks again...European indices have been reddening for several days in a row.
European Euro Stoxx 50 fell only -3% from the high, but this is just the beginning of a big drop and I will tell you why.
Since the beginning of year, European indices have shown very good growth, which is not entirely supported by fundamental factors.
Yesterday, on the channel, I already drew attention to the difficult situation in the German industry (the German economy is already in recession and will only deepen into it), but this did not prevent DAX from updating its historical maximum!
It is very strange, because Germany is still famous for its industry, and not for the IT sector...
Now the technical picture says that there are serious reasons to believe that the growth in European markets has come to an end. There are serious signs that the French TVC:CAC40 index has reversed.
There were large sales in the shares of the leaders. Someone "big" got out of the market. Today the decline continued.
Do not forget that inflation in Europe is higher than in the US, which means that the ECB will raise the rate even more and even more choke the economy, which can not stand it now!
While in the US they are already talking about a pause in raising the rate.
The chances of a return to the highs are melting right before our eyes.
TVC:SX5E are doomed to fall…
🔰 My recommendation:
If you have European shares - sell them.
Then say thank you for saved capital.
You can find even more useful analytics in header of my profile 🎩
If you are interested in analysis for other assets - write in the comments which asset you need to see.
DeGRAM | UKOIL short opportunityUKOIL market shows divergence, and if the price closes below 78.00 by printing a double top , then we can look for a selling opportunity.
If the price breaks and closes below the 77 support level, the market will most likely go down.
We anticipate a down trade because the ascending channel is a pullback against the major bearish trend.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOIL LONG
8-20 on daily curling up.
i see an up shift coming in oil
price cleared POC today.
coming off of AVWAP and POC.
Sentiment in buy zone. good MACD.
entry long, with SL below POC.0
Brentoilafter a massive drop the trend changes to be bullish after forming ascending triangle then now it's a breakout it's time to buy
What Will Happen to Brent Crude Oil in the Near Term?Based on daily chart, Brent Crude Oil forming a Pennant Pattern and break above MA20. Besides that, the price movement has forming a higher low on weekly chart.
Live Trading Session 219: Trade update for Brent using SMI & VSAIn this live trading session video, we are doing a trade update on the OIL trade that we took earlier using the stretch principle, smart money and volume spread analysis methodology. Main points to take away are to think cumulative and extract the cross transferrable principles to use in your own strategy.
Live Trading Session 218: Aligning ST principle with VSA(4/5)In this live trading session video, we are looking at the OIL trade and
aligning the stretch principle along with the volume spread analysis methodology. We then look at this across the other instruments like S&P 500, GBPUSD,etc to illustrate this powerful cross-transferrable principle that can be applied with any intra-day strategy.
BRENT CRUDE OIL FUNDAMENTAL ANALYSISCrude oil: gaining on lower inventories
While the broader macro conditions remained complex as hawkish Fed speak and debt ceiling deadlock weighed, crude oil prices managed to inch higher and start the week on a positive note after heavy selling both in paper and physical market over the last few weeks. Supply side news remain mixed with Russian exports remaining firm while OPEC’s early April production cut is only now starting to be felt. Extreme heat across Asia has ramped up demand for fuel oil to run air conditioning and lights while oil traders will be on alert for comments scheduled later today from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman at the Qatar Economic Forum, especially following the recent jump in short selling by funds to levels seen before the April 2 production cut.
