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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Oil Prices Surge Amid Threat of Strike on IranOil Prices Surge Amid Threat of Strike on Iran
As shown on today’s XBR/USD chart, Brent crude oil prices have jumped (as indicated by the arrow) to a one-week high. This surge follows U.S. intelligence reports suggesting that Israel may be preparing to strike Iran’s nuclear facilities.
Although C
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
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.
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
Bearish Look for potential Reversal bearish candlestick Patterns formation upon the retest of daily supply zone.
Brent crude oil Wave Analysis – 21 May 2025
- Brent crude oil reversed from key resistance level 66.00
- Likely to fall to support level 62.00
Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart below.
Th
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.