Oil Brent
D1 - The price has formed a triangular formation, which may mean that if it fixes beyond the lower line of the triangle border, the price may continue to fall further along the trend and further reduce the price to the levels of 70.19
When fixing behind the upper trend line, the price may reverse and begin to rise, since a 3-wave structure may...
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
UK BRENT OIL
New forecast
The price of Brent crude futures rose sharply in the past sessions, reaching the top of the descending channel and confirming the continuation of the dominance of the downward trend in the immediate term, paving the way for achieving additional gains starting at 80.00 and extending to 78.87.
Therefore the downward scenario will be...
USOIL pullback on H4 likely targeting the trendline where sellers are waiting to push the price down again!
N.B!
- USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
Due to the powerful influence that the Brent oil price had on the red cloud
It is expected that this chart can surprise us with another upward movement
UK Brent Oil
New forecast
The price of Brent crude futures continued to rise in the past sessions to approach the 83.17 barrier, as the price is testing this support, and therefore, breaking the 81.34 support will activate the negative impact and push the price to resume the downward corrective trend, heading towards visiting the 80.00 and 78.87 areas in the...
Oil Brent
W1 - The formation of a 3-wave structure continues
D1 - The price has reached 161 lvl. 3rd wave, which may mean further movement down to level 200 - 261
H4 - The price is in the correctional 4th wave, you can see the formation of an ascending channel. If the lower trend line is broken or fixed behind it, further sales to the levels of 75.4 can...
Crude Oil violated a major horizontal demand zone.
The broken structure turned into a strong supply area.
We can anticipate a further decline from that to 74.2 support.
❤️Please, support my work with like, thank you!❤️
Always after a while, war becomes normal for financial markets and oil and metals no longer show a special reaction to its events. After a good decline, oil has reached the bottom of its ascending channel, and in my personal opinion, it can rise up to the range specified in the analysis.
UK OIL
New forecast
The price of Brent crude futures faced strong negative pressure to break the level of 86.68 and closed the daily candle below it, heading towards achieving an expected decline during the coming sessions, targeting targets at 84.50, and by breaking it, it will reach 83.80 as a main negative station.
Therefore, a bearish bias will be expected...
In this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis,...
Crude Oil remains under a strong bearish pressure.
First, the market violated a solid rising trend line on a daily,
Second, a wide horizontal zone of demand.
The broken horizontal and vertical structures compose
and expanding supply zone now.
I will expect a bearish movement from that to 78.6 - the next horizontal support.
❤️Please, support my work with...
Update for WTI Crude Oil.
The price nicely respected the underlined supply zone that we spotted earlier.
We can see how nicely the price reacted to that yesterday.
We may expect a bearish continuation now.
Goal - 78.56
❤️Please, support my work with like, thank you!❤️
UK Brent Oil
New forecast
The price of Brent crude futures continued to rise to confirm the breach of the 86.68 level and stabilize above it, heading towards visiting the 88.38 level as the next main target.
Therefore, we expect to witness further rise during the coming sessions, and breaching 88.40 will facilitate the price’s task to reach 89.55, while...
UK BRENT OIL
New forecast
The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend.
Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves...
UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and reached to our first target +285 pip .
The price of Brent crude oil contracts has made new attempts to penetrate the 89.55 level and is finding it difficult to exceed it, waiting for a strong positive incentive that will contribute to pushing the price to exceed this level and confirm the...
UK OIL
New forecast
The price of Brent crude futures approached our expected negative target at 85.32 and rebounded sharply to penetrate the 88.38 level and stabilize around it, which prompts the price to try to stop the downward correction that is dominating recent trading.
Therefore, we expect to witness further decline during the coming sessions, but on the...
UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our second target +230 pip .
The price of Brent crude oil futures is trading negatively now, putting pressure on the 88.38 level, reinforcing expectations of a continuation of the downward trend for the rest of the day, paving the way for heading towards our negative...
