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)
First sell order was opened on 01-mar-2019
I see Brent going down few next days. So lets make duplicate sell order on it.
Sell - 65.70
SL - 66.40
TP - 60.58
RRR - 1:7
Of course it has smaller TP with smaller RRR. I make close order manually.
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud!
We recommend selling now
Entry price: 61.45
Stop Loss: 63
Take Profit: 58.75
Right guys, we've got a nice juicy short.
I'm anticipating prices to head down to lows of 68.00, however prices could of course head down to lows of 64.00.
This entire move could happen before April's over guys, so make sure you don't miss out on this one. Trust me you don't want to!
Alright let's go, as soon as prices break out of our resistance zone at 70.00, we...
Brent crude oil is testing major support at 68.50 (Fibonacci retracement, horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 (Fibonacci retracement, horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as potential intermediate...
Short Brent under 70.65 $/bbl for a long term trade (sell and hold)
SL @ 71.35
TP @ 61.10
I have little time to explain all the ideas behind that trade, but will make a big analysis in few hours about the idea and the numbers in trade.
It will include fibonacci, EURUSD, the coming ECB meeting today and much more there.
I am in as soon we go under...
Brent crude oil is starting to show bearish signs and a potential reversal. Our major support remains at 68.60 (Fibonacci retracement, horizontal overlap support) and a break of this would trigger a bearish move down to support at 65.98 (Fibonacci retracement, horizontal pullback support). We can see that price has made a recent bearish exit of an intermediate...