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BCOUSD

Brent crude: Updated map - impulse up is still in progressIt looks like there wave 4 is building within double three WXY (yellow). (I warned about it in the update below the idea ) Wave X is in progress. It can hit former top of 32.21 before reversing down to the valley of 28.66. It's rather a sideways range trading. The market accumulates power to continue further up in wave 5 into the blue box. P.S. One could wonder, hey @aibek, why do you update brent crude so often and change the map in the opposite direction? The thing is that the market is not static and more time elapses the more information we get. This eliminates certain probabilities, that we build and creates new options for structure development. And it is a constant process of changing with the chart as it always moves to the right ))) (old traders' joke).
TVC:UKOILLong
by aibek
6
Imperfection of the OPEC + deal in the future. Hello, my dear subscribers. Who has read my articles before you should know that the price of oil should cost up to $20 per barrel. The goal is achieved. Now oil is growing on Trump's verbiage, but this is wrong, this is a big mistake, the market does not work like this. The market will punish Trump, the coronavirus has reduced energy consumption and spending, for this reason, the weak companies should leave the market, as in other sectors of the economy. Making artificially high prices in the context of the global financial crisis will be a very bad decision, which will become even more burdensome and difficult in the future, as a result of which oil will cost even less. Trump is very wrong, this is very bad for a sick world!
OANDA:BCOUSDShort
by vinterfrank
1
Brent Crude Oil: A good opportunity for short-term climbHere is my view on the short-term buying opportunity for Brent Crude Oil. Since the recent sell-off on the markets, many retail traders became biased toward the bearish scenario in the near future. Despite that, many instruments show quite significant gains and provide us with the nice trading opportunities. Remember: the price itself does not matter in trading. What we want to spot is a good Risk-Reward Ratio for upcoming trades and significant percentage gains since trade entries. The chart says pretty much everything about my view on the next opportunities for trading Brent. In case if the price drops below $18, I consider it as a manipulation before the reversal. ======================================== GENERAL RULES TO KEEP YOUR ACCOUNT SAFE: 1. Do not risk more than 2-3% per trade! 2. Try to wait for a trade with the Risk-Reward Ratio at least 3:1 3. Always use stop-loss! 4. Do not FOMO and do not add to a losing trade 5. Remember: Patience is the key! THIS IS NOT A FINANCIAL ADVICE so, please do not follow it if you are in doubt. DYOR!
OANDA:BCOUSDLong
by myka
BUY BRENT CRUDE? SURELY YES!!!!Hard to even imagine that Brent Crude hit $149 back in 2008. Now standing at 22.32 surely this looks a good place to buy. At these low levels there's no historical support buy with RSI on the Monthly time frame at 26 and signs of a move north on mid time frames I'm in on this trade at 22.39 with a STOP under the low at 16.95 and a provisional target at WR1 Pivot at 30.67. Should we get anywhere near there the T.P. will be moved as once the BULLS get into this market we could go much higher particularly if DJT open up America as he likes to claim he's doing. Might still be a rocky ride ahead for Brent Crude but this looks a decent opportunity for a LONG trade.
OANDA:BCOUSDLong
by theforexportal