BZ1! trade ideas
BRENT CRUDE OIL HAS NOWHERE TO GO BUT UP!!!The oil price fall today , monday 20 2020 is at the highest for 20 years a whooping 104% drop on US oil will see investors loose 100% on their oil investments.. Fundamentally the USA and other counter parts are lacking facilities to store oil so its prices are dropping to zero and there's no where to go from there except up back to test the trendline so just buy.
Crude Oil Brent formed an Inverted Head & ShoulderBrent Crude Oil has been dominated by the bears due to the weak fundamentals and oversupply, demand constraint and insufficient OPEC+ agreement. Brent price dipped again after a short euphoria on the OPEC+ agreement reflecting conflicting vision on traders and investors. Having said that, the Technical Analysis reflects the market is re-testing the lower 20s range and is comfortable at US$25/Bbl. This could form an Inverted Head & Shoulder pattern looking forward to economic recovery signals.
Brent Oil Futures (BR1!) Short Signal
brent is on the key 4H structure.
due to a long term bearish trend and breakout of a minor support on 1H,
I have shorted the retest as the market opened!
my targets
30.2
27.5
stop
34.7
this is the example of the execution of h&s trade,
apply the same rules on gbpusd in previously mentioned setup
🛢FUTURE OF CRUDE OIL 🛢🌃GOOD EVENING, PEOPLE!🌃
👇FALLIND OF CRUDE OIL 🛢IN THE MARKET - EXCITED PEOPLE.🤯🤯🤯
📊Let's look at the chart and think, what we will expect of crude oil in the some days and nearest month?📝
For several years, oil successfully formed a triangle, which breakdown in February.📅
I believe, that the price will reach a powerful support level in a few days, and will be fixed on it.
☝🏿Then it will goes up, by start forming an ascending wedge, which I marked in gray colour.
I also highlighted the upper wedges of previous years in gray for better understanding a complete situation on the market since 2014 year.
I believe, that this pattern will repeat itself again.
After the end of the wedge, we can expect falling again.
I can assume, that crude oil will decrease every year.
What do you think about that? Write any thoughts of crude oil in the comments.✍🏿
Glad to talk with you🌹
I wish you a good mood, happiness and love🥰😘😍
Always yours, Rocket Bomb💕💕💕
Oil, everthing looks like it will hit $10You will learn the best place where we can trade OIL at low risk.
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BRENT OIL FUTURES: Be Prepared For Breakout
long period of contraction on brent oil.
with a sequence of lower highs and long term bearish trend, the chances are high that market participants are preparing for the next wave to the downside.
pay attention to the underlined horizontal support and sell its bearish breakout!
what is the target? I don't know! No structure on the left! Let's see together :)
p.s trading triangles, a preferable stop is above the last lower high!
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