Brent crude has broken above $70 per barrel Trend is up Upside target = 75 (old resistance & round number) Support = 68
Hello Traders, Would just like to remind you that we still need oil to get to space. Gold is a heat reflective material required for space travel and atmospheric re-entry, so please hold and sell your gold accordingly. Also, Brent changed their ticker from BRENT to BURN1!. MACD signal line will cross going upward on the month-view around 69 dollars according to...
USDBRO to climb from its upside confirmation at 65.60 where it could potentially bounce further to 68.00. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments...
USDBRO bounced off 60.70 where it could potentially rise further to 64.80. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
USDBRO bounced off 62.30 where it could potentially rise further to 64.80. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited...
USDBRO bounced off 62.20 where it could potentially rise further to 64.80. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
USDBRO reversed off its resistance at 59.71 where it could potentially drop further to 58.50. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
Global markets started this week following new tarriffs and statements between US and China. President Trump wants to decrease import of goods from China and also mentioned that US should undertake necessary steps to replace Chinese products. At G7 summit Trump pointed out that new economic and trading partnership with EU will be put on place. Also President Trump...
Hi fellow traders. Looking at UKOIL right now, we can see that the RSI indicator has fallen towards the oversold region and is currently looking for a rally to the upside. Considering that UK Oil Supply is to remain the same, and with the UK Iran Oil Tanker tensions rising, it looks like UKOIL could look to push to the upside. At this point in time 64.20ish...
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.
If global growth continues to slow, so too will Brent. If not, then this assessment should be updated. While technical oscillators are important for this forecast, so too is the assumption that global growth is not rebounding, but rather will continue to slow in the EU and China.
Short opportunity below 66.3. Buy Limit 61.5, Sell Stop (SL) 59.8, Sell Lmt (TP) 66
Above 65.05 Brent oil is very strong and might continues to move upwards. Blue channel is still valid so don't be afraid of pullbacks.
Brent Crude Oil Futures has a monthly demand level located around $5038 that gained control a couple of months ago. The fact that we have had that monthly imbalance in control allowed us to make too decisions. 1) No shorts would are allowed trading against a big timeframe demand imbalance that has gained control. 2) Only longs would be allowed. Brent Crude Oil...
The price of oil is trying to break the current resistance for the 7th time and this time if it looks like it's the right one! \ Buy Brent Entry Price: 63.30 Stop Loss:62.70 Take Profit: 66.29