Oil sets up for a new pushColleagues, I think it's time to go long on oil again.
I waited out the dip/manipulation — not important now; what matters is that the nerves are intact.
Price is starting to press up against the 65.60 level again, and I actually like that there was a shakeout — it cleared out the weak hands.
Overa
About U.S. DOLLAR / BRENT CRUDE OIL
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times.
Crude oil at the center of the stormBy Ion Jauregui - Analyst ActivTrades
Today, amid an international outlook full of uncertainty, the oil market stands as a reflection of an economy under stress. In recent weeks, crude oil prices have suffered steep declines that have sent warning signals to investors. However, this fall has been p
Major support for Crude Oil- LONG !This idea is just an idea-
price hit the support level at 65 USD and has a huuuge chances to go up at least to the lext level of resistance around 70 USD hence my trade
Also, Remember- market like a wave goes up and down you can't predict everything hence protect your capital, don't loose your sle
Brent Crude Price ConsolidatesBrent Crude Price Consolidates
When analysing the Brent crude oil price chart six days ago, we:
→ identified a downward channel marked in red;
→ noted that the median line was acting as resistance;
→ suggested the price could find support at the lower boundary of the channel, reinforced by the psy
Analysis of the BRENT chart with expectations for 2025-2026◽️Technically, all conditions for the completion of the second wave correction have been met, and now quotes can be safely reversed up. However, current events in the global economy do not yet provide grounds for confidently asserting this. Locally, the price may still be driven down to $50 per barr
OPEC Cuts Oil Demand Forecast While Increasing SupplyOil prices are feeling bearish pressure. OPEC was unable to increase production significantly last year to stabilize prices. High interest rates have kept global economies cool enough. However, starting in May, OPEC will begin unwinding its voluntary production cuts. The timing of this decision is q
Brent Crude INTRADAY oversold bounce capped at 6620Brent Crude Oil selling pressure continuation
Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside.
Key Levels:
Resistance: 6620 (current swing high, now resistance), 67
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Displays a symbol's price movements over previous years to identify recurring trends.