#BRENT - Attempting a another breakout Brent finding some support around the $60'ish level. We are currently seeing a successful retest of the channel and new breakout.
BB1! trade ideas
#BRENT Oil - Needs to break out of channel to get bullishBrent has been trading in a downward channel for a little while now. Will it test the top of the range and continue going lower? Or will we see a bullish breakout?
Brent Crude Oil Moving in a Descending ChannelBrent Crude Oil is moving in a descending channel, but close to a reversal, that might happen tomorrow or next Friday, if it continues behaving as previously.
Current phase is correction Although price is moving down we can see the powerful and historical support zone which indicates that we may see the new bullish attitude of the price
#BRENT - Reverses back into the channel#Brent had a nasty little reversal after failing to breakout form the channel.
#BRENT - Testing top of the rangeWill Brent breakout or fall back down to the lower end of the channel again..?
#Brent - Testing bottom of the channel again. $62.45 needs to hold or we could see a drop to around $61 next.
$BRENT - Breaks out and fills the gap. Looks bullish.Brent has broken out from a small triangle and has filled the gap. Above TL support now.
Oil price big moveBRT wide corrective wave. Is possible to Harmonic pattern? Yes, it look like Deep crab when close above $75
Brent Crude Oil - New map of large flat correctionIt is possible for oil to move this way that is not popular these days as most of people waits for huge drop.
Large correction implies the strength of oil price above 100+.
It will be the second leg of the last move to finish large wave B.
Then it should drop to complete the whole structure within wave C.
What do you think? Please share your comments below
brent crude bearsBrent crud oil down at 61.99 that should be good for us here e mzansi we might get petrol decries /deprecate in price this month or next coming months
Resistance & Support levels for #Brent_OilIf the Brent Oil breaks the region of 60-62 (an authentic support region)... it can visit the region of 49-52.
Brent Crude Oil futures bearish forecastBrent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally.
Three supply imbalances have been created on Brent Crude Oil Futures around $74, $72 and $69. Price has not retraced to them but it did retrace at lower timeframe supply levels on the H4 timeframe.
BR (Brent Oil)Possible breakout 66.5 for short selling to 63.
Buy Limit at 61.5-60
Don't take aggressive long positions!
Brent Long (BR) Medium Term AnalisysShort opportunity below 66.3.
Buy Limit 61.5, Sell Stop (SL) 59.8, Sell Lmt (TP) 66
