Looking forward to entering Long on BCOUSD after NFP today.
Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends.
I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its...
WTICO (West Texas Intermediate Crude Oil) has recently been outperforming BCO (Brent Crude Oil). This trend coincides with an increase in US-produced oil replacing sanctioned Indian refined oil.
Potential Opportunity in WTICO
The shift in market dynamics could present an opportunity for traders considering long positions in WTICO. However, as always, it's...
#Brent crude oil - H1
📣 Based on the chart structure in the 1-hour timeframe, with a break above the downtrend line around the 79.24 level, one can consider buying with a target of 81.00.
⛔ Stop Loss: 77.80
On the other hand, with a break below the 77.80 range, one can be optimistic about a price decline towards the 76.00 range.
⛔ Stop Loss: 79.24
#Brent crude oil - H1
📣 Based on the chart structure in the 1-hour timeframe, with the breakout of the resistance-turned-support level zone around 76.93, it is possible to initiate a sell position with a target of 73.80.
⛔ Stop Loss: 79.40
On the other hand, with the break of the range at 79.40, a price growth towards the range of 82.20 can be anticipated.
⛔...
Brent - 24 expiry
The rally was sold and the dip bought resulting in mild net gains yesterday.
Intraday, and we are between bespoke support and resistance 73.72-81.78.
Immediate signals are hard to interpret.
Previous resistance, now becomes support at 77.40.
There is no clear indication that the upward move is coming to an end.
We look to Buy at 77.40...
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
Hello everyone
As the chart said we will have higher price for Brent Oil.
DXY must be checked or be in watchlist and either XAU is a chance for buy position.
Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices.
Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its...
After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide...
Brent - 24h expiry
A level of 72 continues to hold back the bears.
Daily momentum has stalled and our bias is now neutral.
Expect trading to remain mixed and volatile.
We look to buy dips.
The hourly chart technicals suggest further downside before the uptrend returns.
We look to Buy at 72.13 (stop at 71.13)
Our profit targets will be 74.63 and 75.13...
Dear Everyone,
Now little macroeconomy. We have almost exact 1 year, when Brent Crude Oil peaked in relation to Gold.
That in my oppinion suggest as main source of inflation was the cost of energy, not the money supply.
With best regards,
Paweł
his is one of the simplest trending strategies I use for day trading, and also one of the most effective. For this, it has been given the catchy name: Day Trade Trending Strategy. Using a one-minute chart the price will often make a larger move, have a very simple pullback, and then begin to move in the trending direction again. The strategy attempts to capitalize...
Weekly Commitment of Traders update highlights future positions and changes made by hedge funds and other speculators across commodities and forex during the week to August 9. A relatively quiet week where a continued improvement in risk appetite drove stocks higher while softening the dollar. Some commodity positions, with crude oil the major exceptions, showed...
STRATEGY SHORT
MORE ADDITIONAL SHORTS
WTI bears waiting to pounce but bulls are strong
West Texas Intermediate, WTI, has rallied towards a key resistance area as the following charts will illustrate. However, while a subsequent sell-off might be expected while on the front side of the bearish trendline resistance, there has been a firm layer of support put...
