BRENT OIL USD - Short SellIts Break the Potential Reversal Zone and now moving Forward, After Some down its made its Correction and then its will go Up and Made Bullish flag it there is no Divergence.
Enjoy Profit and Don't follow me or Hired me😁
UKOUSD trade ideas
BRENT CRUDE DAILY CHARTBRENT CRUDE DAILY CHART
Ellipse breakdown @ 72.500 MOB @ 63-60
Crude has witnessed a breakdown @ 82.955 marked by orange ellipse & hit target @ 72.871 as marked by red ellipse.
A break below red ellipse will open MOB @ 63-60 levels.
Its only an observation & not any suggestion or recommendation.
BRNUSD_4HMid-term Brent oil analysis
There is a possibility that the market will enter an upward ABC correction wave
The main support range is $75,000
The target range is $84,000
DeGRAM | UKOIL channel breakingUKOIL rebounded from the support level.
Price decelerated while approaching the support level.
The market has reached a significant level on the daily chart, so it makes sense to buy the market.
We expect a bullish move to potentially break out of the descending channel.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Brent, dailyTA normally considers a trend to be active until there’s evidence that it has ended, so further losses seem to be possible for oil in the medium term. However, the price recently made a higher low and doesn’t show any sign of buying or selling saturation. The main dynamic resistance in the short term which might cap gains is the 50 SMA around $80, also a psychological area. A logical first target to the downside in the medium term would be around $72.50. Movement at the end of the week is likely to depend on the dollar’s reaction to the job report.
Crude oil - $200 per barrelWe've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact.
How will oil react to this?
The suspension of supplies and other problems with oil supplies will provoke demand for oil and the price will go higher and in the next few years will renew historical highs up to $200 per barrel. I think this was calculated by the coalition of aggressor countries before the war started.
about TA
We see a strong horizontal level where there is a lot of liquidity (concentration of stop losses) which will be collected up to the level of the largest horizontal volumes from below. And only after that, we will see a global reversal, which is probably the end of the year - December
On the chart, I have shown levels from which I will try to take longs.
I hope there will be PEACE in the world.
Our world looks very humongous in terms of cosmic civilization sending tons of bombs to kill each other.
Best regards EXCAVO
Uk Oil good support return to around $100Uk Oil good support return to around $100.
oil can hold support, so return to $100 as FED hold interest rate un change.
Brent (ICE) may fall to 74.70 - 75.10Pivot
76.90
Our preference
Short positions below 76.90 with targets at 75.10 & 74.70 in extension.
Alternative scenario
Above 76.90 look for further upside with 77.60 & 78.20 as targets.
Comment
As long as 76.90 is resistance, likely decline to 75.10.
Supports and resistances
78.20
77.60
76.90
75.81 Last
75.10
74.70
74.00
Number of asterisks represents the strength of support and resistance levels.
Leading Diagonal, Now Three Waves Corrective??Hello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
Brent Oil - 4HIn the four-hour time frame, due to the slowing down of the upward movement momentum of the price and the decrease in the strength of the buying pressure, if the range of 79.0 units is broken downwards and the price leaves the upward trend, there is a possibility of the price falling to the range of 77.7 and in the case of the strength of the range of 76.0 units.
Otherwise, the possibility of price increase up to the range of 82.5 units.
Bullish on OILRecent trend in the oil price has turned bullish and I'm looking for a continuation of that bullish momentum. Looking for price to test 61.8% fib level and previous demand zone. Will look for consolidation and signs the short term bearish move has come to an end to enter a long position.
Looking for LongLooking for a break and hold above the descending wedge and take a long for a 2-1 risk ratio.
Looking for a quick scalp downAfter the holidays, looks like Oil is taking a dip. Taking a quick scalp down to the $79 range
Brent Oil Price Reaches New December HighFinancial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events:
→ the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do not disappoint.
→ The dollar index drops to six-month lows due to expectations of an interest rate cut in March 2024.
→ The price of oil reached a new high in December.
The rise in oil prices is caused by geopolitical tensions:
→ WSJ: Iran-backed militias fire at US bases in the Middle East.
→ Bloomberg: Continued Houthi attacks on shipping and US strikes on targets in Iraq raise the risk of the war expanding in the Middle East.
→ Reuters: The war in Gaza will last several months. Concerns about the spread of the conflict are growing.
→ Barron's: Dispute between Venezuela and Guyana could threaten oil production and higher prices.
If military action disrupts the production and supply of oil, this could sharply increase its price.
The XBR/USD chart shows that:
→ the price is still in a downtrend (as shown by the red channel);
→ moving within the ascending channel (shown in blue) in December, the price has reached the upper limit of the red channel, and is now in a vulnerable position.
On the one hand, bears may try to resume the downward trend. On the other hand, if demand forces truly dominate the market, then only a minor pullback from the upper boundary of the red channel can be expected. Note the 77.50 level, which acted as resistance but changed its role after the breakout. Around this level there is a value of 50% of the price increase from the December low. So as long as the price is above 77.50, it is acceptable to assume that the chances of an attempt at a bullish breakout of the red channel will remain high.
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BCOUSD#Brent crude oil - H1
📣 Based on the chart structure in the 1-hour timeframe, with the breakout of the resistance-turned-support level zone around 76.93, it is possible to initiate a sell position with a target of 73.80.
⛔ Stop Loss: 79.40
On the other hand, with the break of the range at 79.40, a price growth towards the range of 82.20 can be anticipated.
⛔ Stop Loss: 76.93
Brent (ICE) may rise to 81.70 - 82.50Pivot
80.10
Our preference
Long positions above 80.10 with targets at 81.70 & 82.50 in extension.
Alternative scenario
Below 80.10 look for further downside with 79.60 & 78.80 as targets.
Comment
The RSI is above its neutrality area at 50%.
Supports and resistances
83.20
82.50
81.70
80.97 Last
80.10
79.60
78.80
Number of asterisks represents the strength of support and resistance levels.
UKOIL BUY LIMITSPrice broke last high once again and is still pushing for new highs. expect some sort of reversion by thursday to then clear last high and make a new one.
USDBRO - 3 Days for Bullish ConfirmationIf crude closes the current monthly candle above $80.50 it will be party time for the Bulls.
- Monthly MACD (Bearish)
- Monthly Pekipek's Divergence BETA (Bearish)
- Monthly RSI (Bearish)
brent oil in next monthbrent oil will be rise to 86 dollars per barrell in the next month and after that it will fluctuate between 72 and 84 dollars.
Frist Wave Diagonal?? Three Waves Corrective!!Hello!
I am a big fan of the Elliott wave principle, which I find very interesting and useful for market analysis. I have developed my analytical approach by combining this principle with my personal experience and considering various scenarios that could occur in the market.
While I would like to share my analysis with you, please note that I am not providing a buy or sell signal. My primary intention is to share my unbiased analysis so that you can utilize it as a guide to make an informed decision.
To build your confidence in my analysis, I always share my previous analysis from the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis is useful to you in your business journey, and I wish you all the best.
I am looking forward to hearing from you. Lastly, I would like to mention that like-mindedness and support, comments, and likes are the most important pillars of progress, just like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely
Brent (ICE) may rise to 80.60 - 81.40Pivot
79.30
Our preference
Long positions above 79.30 with targets at 80.60 & 81.40 in extension.
Alternative scenario
Below 79.30 look for further downside with 78.65 & 78.10 as targets.
Comment
The RSI shows upside momentum.
Supports and resistances
82.20
81.40
80.60
80.25 Last
79.30
78.65
78.10
Number of asterisks represents the strength of support and resistance levels.
Taking a quick short Looking for a short down to the $78-$77.
seeing a nice rejection and we are in a supply area.
