UKOILBrent curde has activated bearish scenarios in this zone after breaking support at $83.75 could continue the downtrend towards the target of $79.80by MEERFXPublished 117
BRICS OIL - USDBROBRICS OIL soon to be when Saudi Arabia joins BRICS set to target the price tag of FWB:210 per barrel, the charts don't lie, economists and finance people do!Longby ankhramsiswmriimnUpdated 1
Oil will continue rising to 300$-400$ zoneYou can see my old analysis for oil that linked in bottom and after that you can understand what i mean and how the wave move with my analysis Good luck all.OLongby BREAK-impossibleUpdated 161665
UKOIL W1 AnalysisHey Traders. TrendLine + Static Level increase probability of retracement. We had a look at Brent Crude 3M chart before.by AKTSPublished 4
Brent Crude Oil - One more ride downWhenever price spikes up on weekly open due to some weekend news, it is almost easier to assume that price is going to correct all of the move at some point. We have seen the low yet as price barely touched the support zone. I am looking for a 5-wave move down from here. Shortby QuercusTradingPublished 3
Clean and good SELL setup on OIL_BRENTThe power of patterns, market leave clues or we say history tends to repeat itself HTF market is dropping in a descending channel to an area of value where it might print out double bottom. Zoom in to 4H we're in a continuation correction/bear flag but before it starts dropping let the market push a bit up and clear out all the previous highs in the correction and sell off. TRADING PLAN IS YOUR TRADING NAVIGATIONShortby market-tycoonUpdated 5
Institutional Supply: OIL ShortHi trader, Been a while that I've posted a chart due to very busy developments within the community. Never the less, I cannot skip this beautiful looking chart! Look - oil had a gap up due to the OPEC news right? Ah who cares about fundamentals... all we care about is that price is currently moving towards our key supply area, and as you've seen these zones can be very special! As always, I like to keep my trading simple and always have the same rules! For this chart again (suprise) I am waiting for price to chill-out within our zone and show me a clean 4hour entry pattern based on our entry candlestick script. Let's see if we can short this one soon! Kind regards, Max NieveldShortby newcapitalfxPublished 2
Petro Dollar - A controlled Demolition 🇺🇸 🛢 💸 Petro-Dollar chart to illustrate the inevitable collapse of the current world reserve currency: The U.S. needs cheap oil prices for the dollar to remain competitive globally and to retain the world reserve currency status 🇺🇸 🛢 💸 They accomplish this by controlling oil production globally, flooding the market with oil products, while synthetically increasing our reliance on the product. When oil prices get too high, it taxes other countries who need to trade their currency for dollars in order to buy oil 🛢 making these dollar transactions very expensive. If oil prices can't be negotiated lower, then they need to cause a financial crisis to weaken the dollar to make it cheaper to transact in. They create this liquidity by inflating the currency 🖨 i.e. "Quantitative Easing." If Trump & the BRICS Nations cut ✂️ the oil supply, the FED would soon bleed out as the dollar melts upward and runs out of liquidity. They'd be forced to cause yet another collapse and hyper-inflate the dollar away 💵 to make transacting in it competitive again. Risk assets would soar under these conditions, ending with the pop of the everything bubble. The Great Reset..... a planned demolition.Shortby sir_CooleyPublished 2
Brent oil prices opened higher today than they closed on FridayOIL Brent oil prices were almost 6% higher when the market opened this Monday, comparative to the close of Friday, with subsequent gains taking the cost of the barrel to the highest level in almost a month. With a move that caught the markets off guard, OPEC+ countries announced the intention to cut production by more than one million barrels per day. With the fizzling out of the banking crisis and the return of optimism to the markets, the price of the barrel was already showing signs of recovering, and the OPEC+ announcement compounded this dynamic, taking oil prices back to pre-banking-crisis levels. The question now being asked by oil traders is: will this mini-rally in the price of the barrel be sustainable? The reduction in offer is not guaranteed to support prices, because on the other side of the equation demand levels remain uncertain. Central banks remain focused on bringing down inflation, and higher interest rates could further downgrade the outlook for economic growth, and therefore dent oil demand. Ricardo Evangelista – Senior Analyst, ActivTrades by ActivTradesPublished 6
Brent updateAfter OPEC new oil cuts I think that price could retest 97,5$ area about middle of mayby mpdPublished 0
DeGRAM | UKOIL pullback against trendUKOIL is trading in the descending channel . Price is testing the resistance level and psychological level at $80.00, which creates a confluence zone to short the market. The market is making a pullback on the larger scale of the bearish trend. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMPublished 4413
short positionwe can enter sell position after break down this ending diagonal Shortby alahrezaee1982Published 0
UKOIL, ShortPrice has correctively pulled back to an area which we saw a strong impulse push downward breaking structure indicating could see a potential reversal occur at this level. If we don't see a bearish confirmation validating a sell, I will look for a different that meets my trading plan. Thanks Trade Safe ** If you felt this idea was helpful in any way, hit the LIKE button and FOLLOW me for more analysis and educational ideas **Shortby ktlfxPublished 114
UKOIL 3M AnalysisHey Traders, Trend line Breakout, Return to FTR. Bullish is more probable.Longby AKTSPublished 5
short positiongood short position based on price action stop loss;80 take profit:69Shortby alahrezaee1982Published 1
UKOILUKOIL is in falling wedge and near 2020 trend higher low after its breakdown we saw a crackdown and more selling but if we follow rules we can see a pullback to wedge uppr trendline and after breakout ukoil gives a new move Longby HarishJangdaPublished 0
DeGRAM | UKOIL pullback against trendUKOIL broke through the major support level at 80.00 then dropped. The price is consolidating after the sell-off. The oil market bounced off the support level at 72.00. It's pulled back against the bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMPublished 121227
OIL PRICE IS TOO LOW TO STAY AT THIS LEVEL FOR LONG#COMMODITIES #TRADESETUP 📡🔞 TRADE $BRENT 🔽 LONG (BUY) > 76.20$ ❌ STOP > 75.10$ (1.18%) ✅ T1 > 93.32$ (RR 19.31) ✅ T2 > 119.5 (RR 48.41) ☠️CAUTION !!!! 2 IMPORTANT INFORMATION TO TAKE INTO CONSIDERATION: > THIS IS A MT/LT TRADE. REGARDING THE SETUP. JAC IS DONE AND WE ARE WORKING ON THE EXIT. PIV D (76.47$) MIGHT BE THE KEY. > IF WE REINTEGRATE THE FORK (BACK BELOW 75$). LAST CALL MIGHT BE THE LEFT LQ ZONE (73.30$) > FUNDAMENTALS OPEC+ likely to stick to its guns despite price slump, delegates say www.reuters.com Wo1and, PhD Longby UnknownUnicorn6367453Published 3
Short OilThe price below 200 EMA indicates downtrend bias. Wait for the price to retrace to SBR zone to enter short position.Shortby wansolahuddinPublished 4
brent crude oil shortshort brent crude at retest of flag pattern rr =1:3.62Shortby ismailayub1Published 0
UKOIL🛢️ macro movesBrent Crude Oil : Multiyear(2015-2022) inverted Head and Shoulders triggered at the beginning of this year. Price broke the major downtrendline and subsequently iH&S neckline at 87 (lime) and then skyrocketed to 138. Now pulling back down to the neckline. We could actually see the backtest of the major downtrendline and dip into the S/R Zone 76-68. This would be great buying opportunity. Price shouldn't get much below right shoulder (65.8), otherwise the setup would be invalidated. Will set SL to 60, Target 157. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence. by bizmarkUpdated 181824
Brent: In the Jungle 🌳🌴🎍Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh In the jungle, the mighty jungle The lion sleeps tonight, In the jungle the quiet jungle The lion sleeps tonigh Wee heeheehee…– … – okay, let’s stop here before we won’t be able to get this song out of our heads. We should rather take a look at Brent, which has advanced deep into the dark green jungle between $77.13 and $42.20 and has left the mark at $75.09 behind. We hope, the course has taken a sharp machete along, as we expect it to penetrate the scrub further – ideally until the 61.80%-retracement at $62.71. There, it should complete wave 2 in green and subsequently turn upwards again.by MarketIntelPublished 2
Brent Crude Oil LongDivergence & Falling Wedge Spotted SL 70.31 Entry 73.89 TP1 77.10 TP2 80.49Longby asadullahbappiPublished 4