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

AEB.NL AEB.NL UKOIL, D, Long , 9 days ago
UKOIL: Crude Oil (Brent) - Possible Breakout!
120 0 9
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.
aibek aibek UKOIL, D, a month ago
UKOIL: Brent Crude. Possible wave count. Updated
232 2 8
UKOIL, D
Brent Crude. Possible wave count. Updated
I think it's a double zigzag. The lower degree wave 4 at 69.59 could be hit.
AnbHfund AnbHfund CB1!, D, Long , 2 months ago
CB1!: Brent Crude : Long : Targets - 67
98 0 10
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 ...
zhipengcfel zhipengcfel CB1!, M, Long , a month ago
CB1!: Elliott wave anaysis on UKOIL (2017-01-06)
237 0 17
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 , 2 months ago
CB1!: BULLISH TRIDENT
77 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 ...
aibek aibek UKOIL, D, Long , 2 months ago
UKOIL: Brent Crude (UKOIL, CB1!, USDBRO) UPDATED MAIN COUNT
209 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 , 2 months ago
UKOIL: Brent Crude (UKOIL). Main Count
269 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 , 2 months ago
CB1!: short
24 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, 2 months ago
USDBRO: UKOIL. Alternative count. Ending diagonal C
161 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 , 3 months ago
CB1!: The OIL rebound has started
122 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 , 3 months ago
CB1!: Crude oil will rebound soon on its ascending support
87 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, 3 months ago
CB1!: oil!!!
116 0 2
CB1!, D
oil!!!
market is showing me this trend
aibek aibek UKOIL, D, 3 months ago
UKOIL: UKOIL (Brent crude). Alternative count. Ending diagonal
238 0 11
UKOIL, D
UKOIL (Brent crude). Alternative count. Ending diagonal
It could be an Ending Diagonal in the position of wave C. We can reach then the $55-58 area where both 61.8 of A and the top of diagonal meet. Break below 45.12 (wave II) would invalidate this count. I will add another possible count in the comment to this post to show you different perspectives.
BrunoSalles BrunoSalles CB1!, D, Short , 3 months ago
CB1!: Volume above average is the secret of this idea
123 0 4
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 , 4 months ago
CB1!: Brent SHORT Medium term
60 0 0
CB1!, D Short
Brent SHORT Medium term
Brent short, for around 17 days.
captain_smollett captain_smollett PRO UKOIL, D, 4 months ago
UKOIL: UKOIL. Bearish Butterfly forming
107 3 4
UKOIL, D
UKOIL. Bearish Butterfly forming
Possible Butterfly pattern spotted at UKOIL also known as Brent. Same pattern is spotted on WTI Light Crude but I prefer trading Brent in this occasion. Currently, shorts are good to join on any correction to the top. SL: 51.60, TP1: 48.40, TP2: 47.10 Longs: entry point: 47.10, SL: 45.60. TP: 52.85 Shorts ...
tricky_nik tricky_nik UKOIL, D, Short , 4 months ago
UKOIL: Crude Oil (Brent): Elliott Wave Analysis
122 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.
Fibronacci Fibronacci UKOIL, D, Long , 5 months ago
UKOIL: Crude Oil (Brent) - Bullish Outlook still valid!
194 6 7
UKOIL, D Long
Crude Oil (Brent) - Bullish Outlook still valid!
Important: :-) If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree. Please remind yourself that this is just my ...
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