Geopolitics vs. Technical: Will Oil Correct -7%?Oil ( FX_IDC:USDBRO ) rose more than +20% after the start of tensions between Iran and Israel on Friday . I hope this tension ends as soon as possible because tensions have no winners.
The behavior and price movements of oil will certainly depend on the increase or decrease of tensions in the
About CFDs on Crude Oil (Brent)
The Brent Сrude oil was originally produced from the Brent oilfield in the North Sea. About 2/3rds of all crude oil contracts around the globe include Brent Сrude oil, making it the most popular marker. Its relatively low density and sulphur content are the reasons why it’s described as light and sweet. One of the advantages is transportation since this type of oil is waterborne. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum and has a UKOIL ticker symbol.
long-Terrifying surge in oil pricesAssuming a full-scale war initiated by the United States, particularly with a country like Iran, as the primary driver for the oil price surge, the following analysis is provided , as requested, with the assertion that this scenario is 100% likely to occur. Just as oil prices plummeted to near zero
Oil Price Falls Below $69Oil Price Falls Below Pre-Escalation Levels of Middle East Conflict
According to the XBR/USD chart:
→ Prior to Israel’s airstrikes on Iran on 13 June, the price of Brent crude was hovering around the $69.00 mark;
→ Following US bombings in Iran, the price spiked at the Monday market open, reaching
Oil Price Surges at Monday Open Amid US Strikes on IranOil Price Surges at Monday Open Amid US Strikes on Iran
As shown on the XBR/USD chart, the Brent crude oil price formed a bullish gap at the opening of financial markets this Monday, surpassing last week’s high.
Only three days ago, we drew attention to Donald Trump’s statement that a decision re
3 Line Strike Pattern: What It Means and How to Use It3 Line Strike Pattern: What It Means and How to Use It in Trading
Candlestick patterns are crucial tools for traders, offering valuable insights into market sentiment and potential price movements. Among these patterns, the Three Line Strike setup is particularly sought after by traders in forex,
POTENTIAL SHORT OPPORTUNITY ON BRENT CRUDE OIL...SWING TRADEHey hey TradingView community!!! Hope you guys are doing amazing and having an amazing weekend! Just wanted to come make a post on a counter-trend trade I potentially see here on Brent Crude Oil. So put your seat belts on and let's dive in!!
OK so first thing first. Oil has recently seen a huge run
XBR/USD.30M CHART PATTERN.(XBRUSD) on the 30-minute timeframe, here’s the technical outlook:
Chart Pattern Observed:
You have a symmetrical triangle breakout setup:
The price is currently breaking above the triangle resistance.
There’s a bullish bias post-breakout with two targets marked.
Targets Identified on Your Cha
Crude Oil Surges Amid Geopolitical RiskCrude Oil Surges Amid Geopolitical Risk: Correction or Structural Rally?
Brent crude oil prices surged sharply in response to the U.S. attack on nuclear facilities in Iran, spiking to $80 per barrel in early Monday trading. Although prices later corrected toward $76.71, the threat of a potential bl
Brent Oil Breakdown – Rejection & Freefall From Channel HighsBrent Oil delivered a textbook reversal last week.
After weeks of climbing within a rising channel, price printed a strong rejection wick at the upper boundary (~$79.45), then followed through with a violent sell-off, slicing through structure and breaking the channel cleanly.
🔍 Key Levels:
• Rej
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.