#Oil Bearish Trend Continues #BlackGoldPrice is trading below resistance. When green support breaks 60s are expected.
USDBRO trade ideas
Brent Oil - D1 / Buy or Sell ?Which way will you choose?
Buy? Or sell?
Tell me your opinion in the comment section below.
Hi, I see A very good Swing trade opportunityHi,
I see A very good Swing trade opportunity
Risk to reward is very convenient
Good luck Every one
UKOILThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy.
Upside in oilOil short is always a bluff. Why? Because those who play downside are always underdogs in the big scheme.
UKOILas we can see
the first time price managed to pierce through the long line of dynamic base trendline it attempted to fill the gap.
the move was done by a red candle with a small shadow below it. this was a very strong barve move. but for some reason the market could not bear the low price & it quickly bounced back upwards the next year.
the second time price attempted to pierce through this trendline with less power through a medium sized candle having a very long shadow and successfully reached even below the ichi cloud.
yet the GAP could not be reached. This was a testing the market tolerance & the reactions to the move.
now the market remebers this one time solid action & the industry is ready to meet the same move in the future. as though it has accepted the fact that such moves are bound to happen again & again.
I believe this time the price will finally manage to enter into this unfilled GAP.
this GAP ranges from dollar 4.3 to 10.12 .
UKOIL - BULLISHUKOIL is bullish on the chart patterns now at 74, bullish up to 78 region. monthly trend line might be broken, there is need to watch out for the monthly down trem which can cause accummulation for several weeks before breakout. overall move remains to the upside.
however, oil is a highly sentimental instrument which can be moved by dynamics of the volatile global oil and gas and geopolitical distruptions. keep an eye on news and keep your stop loss. there is crude inventory news during the week.
The Black Oil
the price can play in a range taken from 191 to 50 dollars per barrel.
but ther is also a potential to drop to the level of 24 DPB.
The RSI has registered a weakness in the tops and the shows that buyers are becoming weak and the floor of the triangle may break as the sellers have aggregated in this area.
oiloil comes to 85 about 87 $ cause of blue line
buyers are strongers than sellers in daily u can see in the chart
Brent Oil Critical ResistanceWhen we apply FRVP analysis to the Brent oil chart, I think HKEX:86 is a critical resistance on the daily timeframe. I can say that brent oil, which has failed to break this level by testing it many times, will test this level again.
UKOİL SellI see a huge chance to sell the oil due to Decreasing trend coming from earlier in the daily chart. And additionally, you can see a CHOCH on the chart which the price is rejecting from the sell zone!
Bullish on Brent OilI'm Bullish and long Brent oil.
Pls see chart for visual explanation of idea.
I'll be posting updates with entry areas as we have break outs, so keep checking in here.
BRENT OIL IS READY FOR A SHORT TRADEOil is showing a bearish trend with a price that has bounced three times on a downtrend line. Currently, it is in a demand zone, which is a small market support. The outlook shows a bearish triangle pattern, with the price potentially breaking downwards before bouncing back up prior to a short position with a target of 72.56.
What is your opinion?
Happy trading to everyone.
Nicola CEO
Forex48 Trading Academy
