UKOIL 0.618 Retracement BullishUKOIL has hit the 0.618 retracement area. Might be bullish, also have high level of negativity in oil market calling for $40 oil. Narrative may turn.
Brent Crude Breaks Lower: Iran Deal Could Add 800K BarrelsBrent crude has dropped over 2% following news that the US and Iran may strike a deal, potentially adding 800,000 barrels per day to global supply. We explore the technical setup, including a wedge pattern and the risk of a deeper fall.
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BCOUSD | Bullish TrendBrent crude oil is in very good bullish trend while making new higher highs and higher lows.
Crude Oil: Waiting for Clear SetupThe upside movement in oil is very limited, and the overall trend remains bearish.
I'm not considering long positions at this point. For a trend reversal, I would need to see a breakout above 68 — ideally with some consolidation above that level. Too many “ifs” right now. For me, there’s no clear
UPDATE - Brent Crude missed Take profit - Time to panic?Well with trading it's never time to panic.
If you're panicking it means:
1. Your ego is too high and you're predicting rather than reacting
2. Risking too much
3. Attaching emotions to machine
Even if it hits the stop, that's the name of the game - TRADING>
However, the game is still in play
Crude is all set for $70 rally.The 1 hour candle looks closing above the 21 EMA, which will make the crude to take a u turn from this level to $70 positionally.
Bearish Look for potential Reversal bearish candlestick Patterns formation upon the retest of daily supply zone.
XBR/USD..4h chart pattern..MY analysis of **XBRUSD** (likely Brent Crude Oil priced in USD) suggests a bullish breakout with several technical confirmations. Here's a breakdown and key considerations:
### **Key Technical Signals:**
1. **Trendline Break** – Price broke a significant downtrend line, indicating potential revers
OIL - follow the trend until it breaksOIL - follow the trend until it breaks
trend is down
after range or pullback to VWAP or POC take SHORT
Oil Trade Setup: Watching the Breakout LevelsI believe it's still too early to short or go long on oil. The market is opening with gaps, and we need to wait for the chart to settle down before making any decisions.
Overall, the situation hasn’t changed much. It still looks bearish. The general trend is downward, and the price continues to sta
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Displays a symbol's price movements over previous years to identify recurring trends.