Hi traders, BRENT has broken a trendline and properly retested the breakout. It is highly to proceed downwards.
sell 59.31 target 59.01 58.7 58.1 57.5 56.5 stop 59.62
BRENT(BCOUSD) has been in a triangle and has managed to break it from the top side. We expect the price to shoot upwards due to breakout. Share your views in the comment area. You may like this idea too if you agree with the analysis.
Hi traders, you may already be aware of our long position in Brent crude (check on our profile), and this is a quick update of how things are looking now. The double bottom pattern confirmed with a bullish RSI divergence is working out quite well so far. Especially yesterday and today, as the US CPI came in lower than expected, did Brent crude make significant...
Wolfe wave and double bottom indicating possible retrace setting up with potential target at the .5 fib zone. As always, price can go against us and a good risk management strategy is key.
Colleagues, I recommend to consider short positions after the breakthrough of the trend line, because I see a picture of accumulation of positions by a strong player for subsequent sale, the local trend is downward, on the trading session yesterday-there was an attempt to turn.
Hello traders. This weekend, YEMENI REBELS have taken credit for a MAJOR DRONE STRIKE on Saudi Oil production, affecting their total output by HALF and therefore decreasing global supply by 2.5%. Shortly thereafter, American officials turned to IRAN to place blame. The American government has been pining for this conflict for a very long time. With any luck,...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
BCOUSD, Sell on H4. H4: - Structure: Sideways - Test resistance daily - Candle: Reversal candle - Below resistance -> Sell
Brent Crude Oil is breaking through the weekly lows and with oil production increases the price of oil is likely to continue to fall. Now the weekly lows have been broken we can look for further shorting opportunities down to the demand zone of 52.00.
Looking for a short opportunity because: Weekly: Price retested and is rejected 3 times by prior support turned into resistance. Price rejected 61.8 fib level. 200 EMA crossing the 21 and 55 EMA. Daily: Price broke and retested an ascending triangle. Bearish engulfing candle close on the retest.
BCOUSD, Sell on H1. H1: - Downtrend forming - Tendency: Downward - Below resistance and 2 EMA -> Waiting re-test resistance --> Give signal candle ==> Sell ( Continuous downtrend - Minor downtrend) Plan: - Sell: 59.5 - TP: 57.5
Brent Crude Oil heading to 52.00-50.00 area possible sell
BCOUSD, Sell on H1. H1: - Test resistance D1 and move down - Downtrend forming - Tendency: Downward - Below resistance and 2 EMA -> Waiting re-test resistance --> Give signal candle ==> Sell ( Continuous downtrend - Minor downtrend)
BCOUSD, Sell on H1. H1: - Test resistance D1 and move down - Downtrend forming - Tendency: Downward - Below resistance and 2 EMA -> Waiting re-test resistance --> Give signal candle ==> Sell ( Continuous downtrend - Minor downtrend)
BCOUSD, Continuous downtrend on H4. H4: - Structure: Downtrend - Tendency: Downward - Test resistance daily and move down => Sell