Brent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally. Three supply imbalances have been created on...
based on my previous projection ; brent oil can push for a little more upside but will fallback to 46-50$ / barrel range in Q3-2019. for longer term : i'm expecting a very strong bull market. above 110$ in 2021. good luck.
Hi traders! Today, UKOIL has seen a move to the upside from 70.88 to 71.75. 1 of the following 2 scenarios could occur: - Scenario 1: (ideal scenario) As price has re-entered the daily and hourly resistance region highlighted in a pink/purple box at the top. Price has previously rejected from this resistance zone and on the 1H, there appears to be a double...
We are basically exactly where we were at in October 2018. About the same things for US equities. But why the divergence with US equities outperforming oil? Look what happened last time stocks become too zealous in January 2018. Correction downward to a near parity in percentage gains. Either stocks are going to readjust or oil is just going to go crazy in the...
FIB-RETRACEMENT WEEKLY, CHANNEL, RESISTANCE
Open Buy Order on Brent - 69.77 TP - 71.85 SL - 69.20 RRR 1:3.65 Good RiskRewardRatio, good SL and good TP shows this buy order very interesting.
As the title says, call your wife and let her know. OANDA:BCOUSD short on the way Thats my analysis. Whats your's say?
Brent Crude Oil does not seem to have the support it needs to make the push higher up from the 4H chart. MACD 8H is making lower lows as well. As long as the 4H 50 EMA holds strong as resistance, the move further down is active. First TP is at Fib Extension 1 which is 64. If prices still aren't able to find support at that price, then sell further till 1.618 (62)
Decembers ascending trendline from the end of 2018 as you can see price has closed below it, I can see consolidation within the 4hr range and support. (green) With price below this trend, along with the strong 65 area, the bottom of our macro range previously a support, now becoming resistance, i can't see this rallying further. I feel there is too much...
Nice fib convergence for UK oil here! I was already bullish from previous analysis. Just noticing this. Very happy with a long position here. Exit around 71.090.
A very long uptrend from a continuation is may/june 2017 has been broken. We saw a massive slide where we are now recovering. Is this recovery a continuation of the broken may/june uptrend or is this a minor retracement from the new downtrend formed. Likely buy and sell levels indicated. If anyone care to shed some light on the fundamentals behind oils recent...
We decided to analyze the daily graph of oil as we found an interesting technical model called-Doji, What Does a Doji Tell You? analysts interpret this as a sign of reversal. So our recommendation is Sell position We also added the Fibonacci Retracement to know where we were going Sell Brent (oil) Entry Price: 66.30 Stop loss: 67.30 Take Profit: 65
See chart for details and trade configuration...