Crude oil $ukoil - Final falling oil has been a barometer of the financial market for the last decades.
I look at the formations and I see that we will see a renewal of the bottom in the coming months, I will not say the reasons, you just need to wait a little.
I've been talking about the fall for a long time, but it's not over yet
Middle East Tensions vs. Global Demand Hello Traders 🐺
🧠 Fundamental Insight:
Recent geopolitical developments in the Middle East — particularly tensions involving Iran, Israel, and unrest around the Red Sea shipping routes — have reignited fears of supply shocks in the oil market.
But how much of this is just market sentiment, and how
Here's why oil prices continue to slumpBrent Crude remains under pressure and has really caught our eye. The weakness in recent weeks is significant. The price recently failed to hold above its 200-day moving average, reinforcing downside risks. Without momentum, prices could revisit June lows unless short-term hurdles at US$69 and US$72
Brent Crude Oil Long Swing Setup – Support Break at Key LevelBrent Crude Oil OANDA:BCOUSD has broken to the next key support level after a cease-fire announcement in the Middle East. A long position is considered only if support holds at $69.00.
📌 Trade Setup:
• Entry Zone: $69.00
• Take Profit Targets:
🥇 $73.50 – $76.00
🥈 $79.00 – $83.00
• Stop Loss: Da
Brent Crude support at 6720Key Support and Resistance Levels
Resistance Level 1: 7060
Resistance Level 2: 7170
Resistance Level 3: 7280
Support Level 1: 6720
Support Level 2: 6610
Support Level 3: 6520
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a p
Crude Oil Bounce PlayAn interesting setup in crude oil with a tight stop at $65.75 and the first target in the $70–71 range.
It’s a bounce play. I'm usually not a big fan of these, but here I like the tight stop, the broader macro context, the sharp drop from the $76 level, and the subsequent consolidation around $66.5
XBRUSD is testing the Support Level 66.10 👀 Possible scenario:
Oil prices were steady on July 1 as investors awaited the expected OPEC+ decision to raise output by 411,000 bpd in August. If confirmed at the July 6 meeting, it would bring this year’s total increase to 1.78 million bpd—over 1.5% of global demand.
The move, led by Saudi Arabia
Brent crude: why I'm not trading oil right nowBrent crude surged earlier this month on war headlines, and our trade setups nailed the moves. But right now, the market offers no edge. Volatility is fading and price is stuck in a large triangle. Unless you have geopolitical insight, there's no clear reason to trade. In this video, I explain why I
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Displays a symbol's price movements over previous years to identify recurring trends.