Hello Traders, Base on technical and wave analysis we see this scenario for #Brent Oil for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Here are the important key levels & structures to watch next week on WTI OIL. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Preferred direction: SELL Comment: Sell-deal by oil is also relevant. Recent events in the OPEC arena did not have a positive impact on oil, and the decline continued. At the moment, the transaction has been moved to breakeven, and part of the profit has been fixed. However, on Thursday, there is a good opportunity to take a closer look at short-term...
Preferred direction: Neutral Comment: Our last trading idea for AUDUSD successfully hit its target. At the moment, it is assumed that the instrument will sink down a little more, but you can already think about a reversal upward. The current estimated area is quite wide, so entry points are now anyone's guess. Therefore, we will be patient and wait for the...
Preferred direction: SELL Comment: For the British pound , we continue to adhere to scenario №2 . The first, as we remember, has already been worked out, but since the fall continues to be relevant in the medium term, scenario №2 is also relevant. Just like other major currency pairs, the pound has accumulated buyers within the current balance, which is a...
Preferred direction: Neutral Comment: There is no particularly interesting situation in the medium term for oil yet, but we can say that there are still more signs of sell. After all, the instrument is in a downward global trend. The current accumulation after a small downward impulse is filled with purchases (long-orders), that is, there is a resource for...
Brent D1 - Update* After breaking through the trend line, the price was unable to gain a foothold behind the line, which may lead to further downward movement when the lower line is broken. For shopping, nothing changes dramatically. Globally, the levels that the price can reach are 92.04 If a downward movement is realized, the levels can be considered at a...
Oil is not looking good on the chart, i'm still shorting it unless $83,83 is taken out. All major indicators are bearish for oil.
Preferred direction: BUY Comment: The dollar is still being considered for sale. There were low expectations that we would see a strengthening of the US currency before the publication of inflation data in the US. But nevertheless, the buy-priority remains in USD . USDCHF forms a clear accumulation, which is filled with market sales. And this means a...
Please, check the important key levels on ⚠️WTI Crude Oil. Support 1: 69.3 - 70.4 area Support 2: 67.7 - 68.7 area Resistance 1: 75.2 - 76.2 area Resistance 2: 78.5 - 79.7 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Preferred direction: SELL Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But...
Preferred direction: BUY Comment: We continue to consider this currency pair in the format of a strengthening U S dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data. Two scenarios are considered for...
Brent W1 - The price may form a potential 3-wave structure, which, if wave 1 is broken, will mean continued upward movement to the values of 95.90 D1 - You can observe the formation of a triangular structure with a breakout of the upper trend line. Globally, the levels that the price can reach are 92.04 What can you expect? You can consider entering...
The American Petroleum Institute's latest report indicates a significant draw in U.S. oil inventories – a larger-than-expected decrease of 5.2 million barrels. But what does this mean for the market? This drop in inventories typically signals a tightening supply, which, in theory, should push oil prices up. However, the data also showed an increase in gasoline...
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
As We Talked in The Previous Analysis: The USOIL Reached a Resistance Level (74.03 - 74.75). The Price Formed a Rising Wedge Pattern. The Support Line is Broken. Currently: The Price Pull Back to Important Structure, and Now It Will Continue Its Bearish Movement📉 TARGET: 69.50🎯
Daily/4h time frames analysis for Oil. Price action, important key levels. Potential scenarios & thoughts. ❤️Please, support my work with like, thank you!❤️
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...