UK BRENT OIL 4H : Under sell pressure
UK Brent Oil
New forecast
The price of Brent crude futures suffered strong losses yesterday, as it broke the level of 82.11 and fell sharply and reached the level of 80.00 and stabilized near it, paving the way for achieving further declines expected during the coming period, and by exceeding the level of 80.00 it will open the way for the price to head towards visiting the levels of 78.87. As a major negative station but to confirm the bearish trend should stable under 80.00 and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period and Moving average 50 supports the continuation of the expected bearish trend, which will remain in place unless the 82.11 level is breached and holds above it.
The expected trading range for today is between support 80.00 and resistance 82.11 until stabilized .
Additionally ,Today News will affect on the market
support line : 80.00 , 78.29
resistance line : 82.11 , 84.04
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New forecast
The price of Brent crude futures suffered strong losses yesterday, as it broke the level of 82.11 and fell sharply and reached the level of 80.00 and stabilized near it, paving the way for achieving further declines expected during the coming period, and by exceeding the level of 80.00 it will open the way for the price to head towards visiting the levels of 78.87. As a major negative station but to confirm the bearish trend should stable under 80.00 and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period and Moving average 50 supports the continuation of the expected bearish trend, which will remain in place unless the 82.11 level is breached and holds above it.
The expected trading range for today is between support 80.00 and resistance 82.11 until stabilized .
Additionally ,Today News will affect on the market
support line : 80.00 , 78.29
resistance line : 82.11 , 84.04
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
UK BRENT OIL
The price perfectly fulfills my last idea and price reached to our first targets +200 pip and still running .
The price perfectly fulfills my last idea and price reached to our first targets +200 pip and still running .
Trade closed: target reached:
UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets + 250 pip .
The Brent crude futures price traded declined strongly after breaking the 80.00 level in the past sessions, exceeding our first negative target at 78.30. We expect the bearish tendency to continue to break this level and incur more losses in the immediate and short term, and the price reaches the level of 77.53 and extends to 76.57 in the mid term
Therefore, we expect to witness further declines during the coming sessions, supported by moving average 50 that is continue to support the price to decline ,keeping in mind that breaching 78.87 level will stop the negative scenario and lead the price to turn higher.
The expected trading range for today is between support 76.57 and resistance 78.87until stabilized .
support line : 77.53 , 76.57
resistance line : 78.87, 80.00
Attention : We don't have any group in telegram be careful about scammer
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets + 250 pip .
The Brent crude futures price traded declined strongly after breaking the 80.00 level in the past sessions, exceeding our first negative target at 78.30. We expect the bearish tendency to continue to break this level and incur more losses in the immediate and short term, and the price reaches the level of 77.53 and extends to 76.57 in the mid term
Therefore, we expect to witness further declines during the coming sessions, supported by moving average 50 that is continue to support the price to decline ,keeping in mind that breaching 78.87 level will stop the negative scenario and lead the price to turn higher.
The expected trading range for today is between support 76.57 and resistance 78.87until stabilized .
support line : 77.53 , 76.57
resistance line : 78.87, 80.00
Attention : We don't have any group in telegram be careful about scammer
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our first target + 55 pip and still running .
The price of Brent crude futures fluctuates around the resistance area at 78.87 and tries to hold above it and presents mixed trading yesterday, as it approached the 78.87 barrier, but it rebounded lower to settle below it, so that the bearish trend scenario remains valid for the coming period, waiting to test the 77.53 level as a next stop, with the indication Until breaking this level will push the price to incur additional losses, reaching the 76.56 areas and extending to 75.42.
Therefore we prefer the downward scenario during coming period supported by moving average 50 that is continue to support the price to drop .On the other hand, you must pay attention that crossing the 78.87 level and holding above it will push the price to achieve immediate gains and head to visit the most important resistance level at 80.00 before any new attempt to decline.
The expected trading range for today is between support 76.57 and resistance 78.87until stabilized .
Additionally ,Today News will affect on the market.
support line : 77.53 , 76.57
resistance line : 78.87, 80.00
Attention : We don't have any group in telegram be careful about scammer
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our first target + 55 pip and still running .
The price of Brent crude futures fluctuates around the resistance area at 78.87 and tries to hold above it and presents mixed trading yesterday, as it approached the 78.87 barrier, but it rebounded lower to settle below it, so that the bearish trend scenario remains valid for the coming period, waiting to test the 77.53 level as a next stop, with the indication Until breaking this level will push the price to incur additional losses, reaching the 76.56 areas and extending to 75.42.
Therefore we prefer the downward scenario during coming period supported by moving average 50 that is continue to support the price to drop .On the other hand, you must pay attention that crossing the 78.87 level and holding above it will push the price to achieve immediate gains and head to visit the most important resistance level at 80.00 before any new attempt to decline.
The expected trading range for today is between support 76.57 and resistance 78.87until stabilized .
Additionally ,Today News will affect on the market.
support line : 77.53 , 76.57
resistance line : 78.87, 80.00
Attention : We don't have any group in telegram be careful about scammer
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
UK BRENT OIL
The price perfectly fulfills my last idea and price reached to our first target and then rebounded from it +100 pip ,
The price perfectly fulfills my last idea and price reached to our first target and then rebounded from it +100 pip ,
Trade closed: target reached:
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our second targets +200 pip , and still running .
The price of Brent crude oil futures is hovering around the 76.56 level and attempts are being made to break it, so that the bearish trend scenario remains valid for today, noting that exceeding this level will push the price to incur additional losses up to the 75.42 areas and extending to 74.00 directly. But to confirm the bearish trend should stable under 76.57 level and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to drop ,On the other hand, it should be noted that breaching 78.87 will stop the expected decline and push the price to begin recovery attempts in the immediate term.
The expected trading range for today is between support 74.00 and resistance 78.87 until stabilized .
support line : 76.57 , 75.42
resistance line : 77.53 , 78.87
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our second targets +200 pip , and still running .
The price of Brent crude oil futures is hovering around the 76.56 level and attempts are being made to break it, so that the bearish trend scenario remains valid for today, noting that exceeding this level will push the price to incur additional losses up to the 75.42 areas and extending to 74.00 directly. But to confirm the bearish trend should stable under 76.57 level and then our targets will be activate .
Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 that is continue to support the price to drop ,On the other hand, it should be noted that breaching 78.87 will stop the expected decline and push the price to begin recovery attempts in the immediate term.
The expected trading range for today is between support 74.00 and resistance 78.87 until stabilized .
support line : 76.57 , 75.42
resistance line : 77.53 , 78.87
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trade closed: target reached:
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our Third targets + 270 pip .
The price of Brent crude futures traded with strong negativity yesterday, succeeding in achieving our extended target at 74.00 and settling near it. We expect the bearish tendency to continue and head towards achieving new negative targets starting at 72.90 and extending to the previously recorded bottom at 71.82.
Therefore the downward scenario will be remain valid and effective during coming period ,The moving average 50 supports the suggested bearish wave, which is moving within the bearish channel that appears in the image, taking into account that breaching 76.57 will push the price to achieve immediate gains before any new attempt to decline.
The expected trading range for today is between support 71.82 and resistance 76.57 until stabilized .
Additionally ,Today News will affect on the market.
support line : 74.00 , 71.82
resistance line : 76.57 , 78.87
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK BRENT OIL
Update
The price perfectly fulfills my last idea and price reached to our Third targets + 270 pip .
The price of Brent crude futures traded with strong negativity yesterday, succeeding in achieving our extended target at 74.00 and settling near it. We expect the bearish tendency to continue and head towards achieving new negative targets starting at 72.90 and extending to the previously recorded bottom at 71.82.
Therefore the downward scenario will be remain valid and effective during coming period ,The moving average 50 supports the suggested bearish wave, which is moving within the bearish channel that appears in the image, taking into account that breaching 76.57 will push the price to achieve immediate gains before any new attempt to decline.
The expected trading range for today is between support 71.82 and resistance 76.57 until stabilized .
Additionally ,Today News will affect on the market.
support line : 74.00 , 71.82
resistance line : 76.57 , 78.87
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
