UKOIL Chart

Crude Oil (Brent)

 

UKOIL

Texas light sweet oil, more often called West Texas Intermediate (WTI) — is a type of comodity crude oil that is produced in Texas, USA. Being light (in terms of API gravity) the WTI brand is great for making diesel fuel, gasoline and other low-sulphur fuels. These characteristics account for high demand for the WTI brand and the similar Brent oil brand. WTI has been trading on NYMEX since 1983. Brent futures contracts include a mandatory delivery rule to Coushing (Oklahoma, US), where main oil refineries and stations are located. WTI makes up only 1% from all oil extracted in the world, but export prices for 2/3rds of all oil depend on Brent and WTI prices.

News

TipTVFinance TipTVFinance PRO UKOIL, D, a day ago
UKOIL: Brent Oil - Bottomed out, but needs to break above $52.62
136 0 8
UKOIL, D
Brent Oil - Bottomed out, but needs to break above $52.62

Once is a fluke twice is a coincidence and thrice is pattern! Brent Oil is once again staging a rebound from the 200-DMA at a time when the RSI is oversold. I am pretty sure here that oil has found a bottom around $50-$49.75 levels… as the multiple daily candles with long tails suggest. However, I would want to see prices break on the upside of the minor falling ...

DeanT DeanT UKOIL, W, 2 days ago
UKOIL: (Brent Crude vs Trillion Dollar Debt)
47 2 6
UKOIL, W
(Brent Crude vs Trillion Dollar Debt)

.

skrotkalle skrotkalle UKOIL, 240, Short , 4 days ago
UKOIL: UKoil 240min, clone-idea, short-setup before bottom.
198 2 13
UKOIL, 240 Short
UKoil 240min, clone-idea, short-setup before bottom.

UKoil 240min, clone-idea, short-setup before a new bottom $49ish ALT.1 (or ALT.2 $47ish). I will provide charts in smaller TF, for a possible up, move C > D, before turn down, move D > E. Just now, it's some BULL DVG, in all 3 indicators....

cmc cmc UKOIL, D, Long , 6 days ago
UKOIL: R/R 2.27
90 0 15
UKOIL, D Long
R/R 2.27

price action on lower time frame can improve the R/R

alectrade1 alectrade1 UKOIL, 60, Long , 12 days ago
UKOIL: Opportunity to get into oil
59 0 4
UKOIL, 60 Long
Opportunity to get into oil

1H Cypher setting up (Check your data for 38.2 AB retracement). The Cypher is completing inside that large Daily support zone. A good Cypher opportunity or a chance to build a longer term position in Oil off this larger technical support.

PKA PKA PRO CB1!, W, Long , 16 days ago
CB1!: Long Crude Oil
244 0 8
CB1!, W Long
Long Crude Oil

Long 50% log scale channel support

anilmangal anilmangal TOP UKOIL, 240, Short , a month ago
UKOIL: UKOIL in a corrective structure
7422 14 211
UKOIL, 240 Short
UKOIL in a corrective structure

Hi Guys, the UKOIL seem to be in a B wave correction of a higher degree abc correction. If this is so then there is a small move up to complete the B wave then the down impulse for the C wave. Let;s see how it goes. Trade with care Thank you for your support.

TipTVFinance TipTVFinance PRO UKOIL, D, 2 days ago
UKOIL: Brent Oil needs to avoid daily close below $50.27
87 0 9
UKOIL, D
Brent Oil needs to avoid daily close below $50.27

The monthly classic pivot support 3 located at $50.27 has been successfully defended over the last four trading days. Despite the fact that the dips below $50.27 were short lived, the subsequent corrective move has failed around $51.00 handle for three trading days including today… that too despite RSI being oversold. The ADX line is rising as well, pointing to ...

FreshOilTrader FreshOilTrader PRO USOIL, 21W, Long , 6 days ago
USOIL: What if it just was a false breakthrough in Oil?
311 3 9
USOIL, 21W Long
What if it just was a false breakthrough in Oil?

It is interesting to see if this setup is going to comes true or not. I suppose that we were seen a false breakthrough when triangle was broken down. Be carefully trading Oil.

PKA PKA PRO NOV, M, Long , 15 days ago
NOV: Long NOV
105 2 8
NOV, M Long
Long NOV

NOV held the 200 sma monthly

PKA PKA PRO UKOIL, W, Long , 6 days ago
UKOIL: Potential max pain
111 0 9
UKOIL, W Long
Potential max pain

Potential rally would catch most off guard here.

MrThomas MrThomas UKOIL, D, Long , 8 days ago
UKOIL: brent
121 2 6
UKOIL, D Long
brent

okay guys. now we have a good position to buy the brent. small sl and big profit. ît's possible that the brent more lower lows but i don't think so.check ur moneymanagement und buy this one on cfds. if u like to buy "options" is ur sl at 39,4. good luck!

InsideMarket InsideMarket UKOIL, 60, 9 days ago
UKOIL: BRENT - Downtrend wave analysis + Correction idea.
163 1 11
UKOIL, 60
BRENT - Downtrend wave analysis + Correction idea.

Assuming this bear impulse is the first wave of a 5-waves structure on daily/weekly. It could be at least an ABC if price does not hit the 23.6% retracement (see CHART). Trade with care!

GhostOfHarambe GhostOfHarambe UKOIL, D, Long , 16 days ago
UKOIL: Brent Crude - Down to 48.00 and buy
167 0 4
UKOIL, D Long
Brent Crude - Down to 48.00 and buy

Oil is continuing its move down from ascending channel resistance @57.00, and we can probably expect to see it bounce from support at or slightly below 48.00 by the end of the month, which will be a good time to go long and ride it back up to resistance around 60.00

perdp perdp PRO USOIL, D, 19 days ago
USOIL: Oil possible plays in 2017
197 0 4
USOIL, D
Oil possible plays in 2017

Planning to add 30-50% of my long position at 47.33$ area, i will another 30-50% of the total position at the bottom of the wedge that is around the 300MA 45.6$. My target will be around 54-58$ in 2017. Than i think this wedge may break down in the end of 2017. If there is no significal change in the market. As it is now, US shale producers are vey active trying ...

aibek aibek UKOIL-USOIL, M, Short , 2 months ago
UKOIL-USOIL: Brent/WTI spread. Brent Oil Could Lose Its Benchmark status
166 0 6
UKOIL-USOIL, M Short
Brent/WTI spread. Brent Oil Could Lose Its Benchmark status

Brent (UKOIL) is on the slippery path as production is falling and this could lead to the drop of it's share and loss of the benchmark status to other crudes, namely WTI or Dubai or Urals. Triangle is possible model here. Target minus $10 spread - the WTI (USOIL) becomes more expensive than Brent.

atefhussenn atefhussenn UKOIL, D, Short , 17 days ago
UKOIL: SHORTING BRENT OIL
155 0 9
UKOIL, D Short
SHORTING BRENT OIL

WAIT FOR A CONTINUATION PATTERNS AND SELL

AlbCM AlbCM UKOIL, D, Short , 18 days ago
UKOIL: Brent to drop below 42 by mid-June
184 1 4
UKOIL, D Short
Brent to drop below 42 by mid-June

Brent is going down below 42 by mid-June.

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