CB1! Commodities Futures Chart

Brent Crude Oil

 

CB1!

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. Two major benchmarks for pricing crude oil are the United States' WTI (West Texas Intermediate) and United Kingdom's Brent. The differences between WTI and Brent include not only price but oil type as well, with WTI producing crude oil with a different density and sulfur content. The demand for crude oil is dependent on global economic conditions as well as market speculation. Crude oil prices are commonly measured in USD. Although there have been discussions of replacing the USD with another trade currency for crude oil, no definitive actions have been taken.

News

rockvuecap rockvuecap CB1!, D,
CB1!: Thoughts on Crude Oil Brent
42 0 7
CB1!, D
Thoughts on Crude Oil Brent

I haven't been too involved with Crude Oil, mainly because as I saw the trend moving up, I didn't enter when I wanted, and the last thing I wanted to do was chase a rally. So, I stood on the sidelines observing, see what my hypothetical entries and stops would've done. Looking at it now, I see a longer term wedge pattern forming in the weekly charts. Now, when I ...

PKA PKA PRO CB1!, W, Long ,
CB1!: Long Crude Oil
280 0 8
CB1!, W Long
Long Crude Oil

Long 50% log scale channel support

AEB.NL AEB.NL UKOIL, D, Long ,
UKOIL: Crude Oil (Brent) - Possible Breakout!
151 0 10
UKOIL, D Long
Crude Oil (Brent) - Possible Breakout!

Crude Oil (Brent) moved higher today. There is a possibility that in the next week the price will break trough the resistance of the symmetrical triangle. If it breaks it wil probably continue higher. First resistance area is around 60.20 ~ 62.30, that's also my first target.

zhipengcfel zhipengcfel CB1!, M, Long ,
CB1!: Elliott wave anaysis on UKOIL (2017-01-06)
272 0 16
CB1!, M Long
Elliott wave anaysis on UKOIL (2017-01-06)

We should be aware that oil has been bottomed no matter from technique view or fundamental aspect. The main point is how the price recover speed will be. Buy the pull back in 2017 is a smart way to trade oil. Good luck for everyone!

QuantVox QuantVox CB1!, D, Long ,
CB1!: BULLISH TRIDENT
84 1 4
CB1!, D Long
BULLISH TRIDENT

Weakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just ...

AnbHfund AnbHfund CB1!, D, Long ,
CB1!: Brent Crude : Long : Targets - 67
119 0 11
CB1!, D Long
Brent Crude : Long : Targets - 67

Two things have happened :- 1. Cut in oil production ( even if only for short term ) 2. Fed Hike - Bullish Dollar From the lows of 28 to currently at 55 -- Crude has still enough strength left to go higher towards 67 - 70 by April 2017. Crude now in Wave c after breaking the upper resistance of 52 -- lets wait for it to come down to 50 to average for targets ...

aibek aibek UKOIL, D, Long ,
UKOIL: Brent Crude (UKOIL, CB1!, USDBRO) UPDATED MAIN COUNT
225 0 10
UKOIL, D Long
Brent Crude (UKOIL, CB1!, USDBRO) UPDATED MAIN COUNT

It's not OPEC, it's just wave C technical analysts could argue ))) We can reach at least the former peak at 69.59 where the C almost equal to A. Amazing power of digits and their ratios.

aibek aibek UKOIL, D, Short ,
UKOIL: Brent Crude (UKOIL). Main Count
294 0 12
UKOIL, D Short
Brent Crude (UKOIL). Main Count

This is the prevailing count. If price would fail at the channel resistance the count would be valid. Minimum target is at the wave W low at 41.54. Next are the 1.272-1.414 mutipliers at 40.86-39.25

charlie_v charlie_v CB1!, D, Short ,
CB1!: short
25 0 2
CB1!, D Short
short

its long like it go up&down, its like short, if it some of it green. might re look this one. pls comment let know if you think it is long.

aibek aibek USDBRO, D,
USDBRO: UKOIL. Alternative count. Ending diagonal C
176 0 11
USDBRO, D
UKOIL. Alternative count. Ending diagonal C

With the recent strong upmove it is quite possible that the wave (C) is already underway. Ending diagonal 5 waves is shown in the chart. The (C) could hit 0.618-0.786 of (A)

fdeltenr fdeltenr CB1!, D, Long ,
CB1!: The OIL rebound has started
131 0 2
CB1!, D Long
The OIL rebound has started

Crude Oil is evolving between its support ascending line (in red) and its resistance horizontal line since 6 months. The ascending support has been touched and not break last friday. The most probable scenario is the uptrend to the resistance line. RSI confirm this prediction.

fdeltenr fdeltenr CB1!, D, Long ,
CB1!: Crude oil will rebound soon on its ascending support
89 0 0
CB1!, D Long
Crude oil will rebound soon on its ascending support

Rebound of $OIL to 52$ is predicted

vahid73d vahid73d CB1!, D,
CB1!: oil!!!
124 0 2
CB1!, D
oil!!!

market is showing me this trend

EXCAVO EXCAVO TOP CL1!, 15, Long ,
CL1!: OIL (DAY TRADING)
430 1 25
CL1!, 15 Long
OIL (DAY TRADING)

Trend down but we can make money on correction minimum until 50% fibonacci level

EXCAVO EXCAVO TOP CL1!, 180, Long ,
CL1!: Crude oil
647 3 24
CL1!, 180 Long
Crude oil

I see in CL1! Flag & Penant

BrunoSalles BrunoSalles CB1!, D, Short ,
CB1!: Volume above average is the secret of this idea
127 0 5
CB1!, D Short
Volume above average is the secret of this idea

Pay attention to the volume average in the period M1 to H4. It indicates the amount of capital invested in selling transactions. The red line is the best position to get in.

BusterLundh BusterLundh CB1!, D, Short ,
CB1!: Brent SHORT Medium term
65 0 0
CB1!, D Short
Brent SHORT Medium term

Brent short, for around 17 days.

tricky_nik tricky_nik UKOIL, D, Short ,
UKOIL: Crude Oil (Brent): Elliott Wave Analysis
126 0 3
UKOIL, D Short
Crude Oil (Brent): Elliott Wave Analysis

There must be a comprehensive text, but I'm too lazy to write it.

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