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Oil - Brent (UKOIL)

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Oil - Brent (UKOIL) forum



SPOTBRENT
For Intraday 30min timeframe:

If the price breaks above $70,the price might retrace to the supply zone which around $74
For buy entry, each pullback can be bought until the supply zone after the breakout
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BRENT Looks quite bearish, but don't forget we are at the one of the strongest supports.
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SPOTBRENT
Current Situation : Very Bearish But the price is currently at the bottom of the monthly range. We might have a rejection to the upside

With the current price action, the reversal level is at $74, if the price 4H timeframe can break above and close, the price might potentially go up until $80 which is the top of the weekly range.
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USOIL Technical analysis of crude oil: From the daily chart level, the medium-term trend of crude oil remains in a wide upward channel, and the oil price gradually falls back to the lower edge of the channel. There have been many cases where one trading day swallowed up all the gains in the previous week, and the short-term forces are more dominant. The medium-term trend of crude oil maintains a range of oscillations and downwards. Pay attention to the support of the lower edge of the channel on the oil price. If it falls below, the medium-term decline will start. The short-term trend of crude oil (1H) reverses upward, and the oil price breaks through the downward trend line resistance and tests the price of 70.50 upward. The moving average system turns upward, and has not yet formed a long arrangement. The short-term objective trend direction is changing rhythm. The bullish momentum is full. From the 4H level, the objective is still downward. Since the small level obeys the large level, it is expected that the upward rebound of crude oil will continue to have limited space, and it will eventually turn downward. On the whole, crude oil will mainly rebound high and fall back to low next week. Pay attention to the resistance of 70.8-71.3 on the upper side in the short term, and pay attention to the support of 69.0-68.5 on the lower side in the short term.

There are risks in trading, so control your positions reasonably. Pay attention to the future trading center for precise signals. UKOIL



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Highly profitable btcusd trading plan

Affected by the opening decline of the US stock market, btbusd accelerated its decline to the support level of 96800, and then began to rebound. So our current trading plan is to go long on btcusd

Long trading plan
Buy: 97000, 96800
TP: 97700, 98000, 98300
SL: 96200

Manage your positions reasonably and don’t put yourself at risk

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