Hello traders, As predicted earlier, with OPEC+ increasing supply from the beginning of 2022, the price for oil rose up and above 85. Upside trend has taken a pause or in technical terms "retracement" or "consolidation" after a strong up momentum. As we can see in 4hrs charts upward momentum from 77 levels till 91. Now we will see prices move in range 84.5 -...
From the beginning of next year, OPEC+ countries are to increase crude oil production as discussed in OPEC+ meeting. It is good news for oil importing countries because supply will overcome demand and therefore price for Crude oil will fall. In theory, it is correct but when we look at charts of Brent oil to USD, it tells us a different story. After the fear...
After a drop to $69.28 per barrel Brent crude prices quickly rebounded to the upside on Wednesday touching $74.57. And there are several fundamental and technical reasons for it.First, gas prices in Europe skyrocketed to $180 per MWh for ICE Dutch TTF January gas futures on Tuesday, or by 22.7% in a single day. This lift off of gas prices also pushed crude prices...
worst case Crude can double bottom to finish W4 B4 finally making that push to $108 as my 5 wave analysis predicts, hopping fora higher low vs $62 TBH B C weak crude strong DXY weak 10 yr is an ugly combo
Aside from Crypto and Stocks, I also look at economical indicators, metals, and commodities. I will be adding these to my ideas moving forward starting with the analysis on WTI Crude Oil price. WTI Crude Oil was in a multi-year descending triangle, which it broke out of and retested the top of the trendline in August 2021. The price is on it's way...
Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The commodity Brent Crude Oil (BCO) has been in a rangebound movement since mid-October 2021, with resistance around the 86.50 price level and support observed around the 83.55 price level. Expectations are for a breakout higher towards 89.25. Failure of this move will be seen if BCO breaks...
UK Oil Brent is still moving upwards but look for short timeframe pull backs which you can short.
Gosh! Jesus! Wallstreet bet 100USD- 200USD on Brent Crude Oil???!!! aka UK Oil might be completing running / expanding flat (A)(B)(C) ( Cyan/Light Blue) pattern soon at around 90..
Finally breaking more than a decade long downtrend line, with a closing candle over the line, a good sign; a pull back could happen and then it could continue its upward trend; after pull back, it could be an amazing buy position. This analysis will be updated. DYOR
Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can...
The monthly chart of Brent crude oil is breaking out from a downtrend line that began at the 2008 peak. Is this the beginning of a multi-year uptrend in oil ?
SNIPER STRATEGY CFDs on Brent Crude Oil 1D TVC I warn you again this strategy is unable to predict pullbacks but it will pay off at the end of the road Start Believing Something Magical will happen
We are still waiting for the Brent Crude to drop and approach its yellow trading zone. Here, we expect a massive turnaround, followed by long-term increases in the price. However, direct increases are possible, too, if the course reaches above $76.12. Stay patient!
Look at price reactions to the RSI level 70,. in the 4-hour time frame. If we do not consider Price and fundamental reasons, such as coronavirus news, And only consider the price reaction to RSI 70, Again, the amount of correction, as in previous times, is so considerable that it cannot be ignored
TVC:UKOIL TVC:UKOIL We will se a good move
As we enter the 4th quarter of 2021 we see that some countries are imposing strict measures to curb Covid-19. At the same time, restrictions are loosening. thus, allowing economies to demand more oil to fill the need for increased economic activity. We can see that oil has remained in a steady climb with price making small fluctuations. But the trend is bullish as...
The general trend in daily time seems to be declining. But now it seems to be a good place to enter the hourly time. The new support level seems to be broken and the return to the new resistance level is complete and it is time to fall.