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Brentoil

An attractive ideaThis analysis is purely a personal analysis Hints 1. This analysis is checked in the weekly time frame, so each of the waves has the necessary time to form between a few weeks to several months, and a total of one to two years. 2. For convenience, it refuses to go into details so that the trader can easily understand it. 3. The study was performed in the form of Elliott and canalization using Macd indicator Analysis Description: Oil is on a long-term upward trajectory annually, so after the proper growth of oil prices and the failure of the downtrend, higher goals are pursued, but what is clear is that each impulse step needs a active step to rest. So it can be said that in the next few weeks to a few months, the oil route is expected to be relatively upward to reach its $ 114 target to complete a complete cycle. And then it enters a correction cycle that can take up to two years, so expecting to see $ 35- $ 45 as a midline target is not unexpected. Note: Proper insight into considering all possible scenarios then 1. Short-term visions Long-term to medium-term are well defined We have a temporary uptrend and targets of $ 114 and $ 105 for it Then for several months the rest of the movement shifted and, the price suffered And then move to the channel midline for several months At the end of this analysis is only a personal analysis and there is no certainty in doing or not doing it ......
TVC:UKOILShort
by cafe_chart_
Crude Oil Long SetupHere we can see that Crude is Bullish and has been consolidating since last week, and now in range between 86.3 and 88.4 for long entry we'll look for break and retest of the supply level of Range, our target will be 90$ (psychological price) it is a very basic break and retest strategy we'll also have to keep Smart money concept on our mind as sometimes Institutional Investors hunts our SLs and then makes the market go in the direction where it was supposed to go, so place your SLs nicely and look for long wicks on bigger TF if Trade hit SL
FX:USOILLong
by ankitj97
Brent oil price to remain elevated in range 84 - 90Hello 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 - 89.5 for some time before it hikes to 100 levels. Brent oil outlook for now and for next two months is not good for oil importing countries. Reasons: 1. Increase in supply by OPEC+ and Shale gas producers cannot keep up with the demand. 2. Geo-political issue with Ukraine, Russia and NATO group of countries. 3. Frequent extreme weather is undermining the global supply chain making commodities expensive. Happy trading,
FX_IDC:USDBRO
by HerschelleGirnari
BRENT CRUDE OIL BULISH PATTERNBRENT Crude Oil opened with a bullish gap yesterday after the weekend, but it managed to cover it during the trading day and to revert back in long direction, although not managing to reach the levels of yesterday's open. The Upper and the Lower Band of the Bollinger Bands are moving closer together, which is an indicator that the BRENT had lost some of it's initial volatility, which may present a good point of entry due to shrinking spread. The 9 day Moving Average has crossed the 20 day Moving average, and the histogram of the MACD is increasing, which is an indicator for bullish traders to enter. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:BRENTLong
by legacyFXofficial
BR1! - Looking forward TP89Pull Up condition : 1) BRENT has BO Level-1 and expecting to reach Level-2 of Raising Stage (F) at 89.37+/- 2) Tricol+ indicator - Banker's sentiment (red) reach above 75%, trapped fund (turquoise) has gone. Support & Resistance: S : 82.56 (Level-1) (-2.76%) R : 89.37 (Level-2) (+5.27%) Disclaimer: Opinion above is solely for the purpose of education/case study/opinion sharing only. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
RUS:BR1!Long
by TheWinningDay
Crude Prices Are Back to 2014Crude prices continue to rally as Brent crude benchmark prices rose to $89.04 per barrel on Wednesday, almost erasing the plunge of crude prices since 2014.  Crude prices rose after Yemen's Houthi group attacked the United Arab Emirates rising fears over further supply tightening. The attack further escalated hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. Many analysts are upgrading their forecast for crude prices. Goldman Sachs expects Brent cured prices to hit $100 per barrel in the third quarter of 2022. Oil producers are lagging behind to satisfy the increasing demand, which also support prices. If we look at crude prices 7-8 years ago, we may see a strong resistance at $94.50-95 per barrel and there are no significant resistance levels before that. U.S. crude inventories traditionally published on Wednesday this week will be released on Thursday as the United States celebrated Martin Luther King Day this Monday. According to the forecast crude inventories may fall by 1.367 million barrels on the previous week making it the eights in a row in terms of falling crude inventories.  Technically speaking the existing upward trend that started December 20 last year has a very steep angle that may mean an easier change of the trend. The support level for crude prices is within $86.40-86.50 per barrel area, and since prices are above this level the upside movement has the upper hand.However, we may soon see a slight correction of Brent crude prices to the $86.40-86.70 area, where the recent October 2020 peak is located. Traders should be cautious to open any buy operations close to the new highs at the markets is seen overheated. To open buy positions it would be wise to use any corrections to the strong support levels.
OLong
by scavoanastasiia
Oil Market Continues on the UpsideOil prices are rising for the fourth consecutive week as Brent crude benchmark prices rose to $83.77 per barrel. The technical picture suggests a further climb of prices which may be pushed by the following factors: 1. Brent crude prices returned to the upward trend that began in April 2020. Prices were below the support level of the trend during the last days of November 2021, but they managed to return above the trend line. 2. Commercial crude stocks in the United States are declining for the seventh consecutive week. According to the American Petroleum Institute (API) crude stocks were down by 1.077 million barrels last week after plummeting by 6.432 million a week before. Official information from the Energy Information Administration (EIA) that will be published on Wednesday may suggest that crude inventories will decline by 1.904 million barrels. Analysts surveyed by Global Platts on average expect crude inventories down by 1.6 million barrels. 3. Federal Reserve (Fed) Chair Jerome Powell said that the Fed could tame inflation without undermining economic growth. The closest resistance for Brent crude prices is at $85-85.30 per barrel with the stronger resistance at $86.70 that was recorded in October 2021. The upside which started on December 20, 2021, is strong, and we may expect Brent crude prices to move to this level. But the overall picture may change if prices slide below the trend line at $81.70-82.00. So, long positions in crude could be seen to be justified if prices go above $81.70 per barrel. Several large investment banks share the “bullish” perspective for crude. Morgan Stanley expects Brent crude prices to reach $90 per barrel by the Q3 2022.
OLong
by scavoanastasiia
Oil Updates for the day 10/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices rose slightly on Monday, as supply bottlenecks in Kazakhstan and Libya countered concerns about the rapid global rise in Omicron infections. Brent crude was up 24 cents, or 0.3 percent, to $81.99 a barrel , while WTI crude in the United States was up 22 cents, or 0.3 percent, to $79.12 a barrel. Protests in Kazakhstan disrupted train lines and impacted production at the country's largest oilfield Tengiz, while pipeline repairs in Libya reduced output to 729,000 barrels per day from a peak of 1.3 million bpd last year. Russia's output appears to be reaching a ceiling as well and these variables "appear to be continuing to construct up a positive narrative for oil Tengizchevroil (TCO), Kazakhstan's largest oil venture, is gradually increasing output to normal levels at the Tengiz field after protesters hampered output there in recent days, operator Chevron (NYSE:CVX) said on Sunday. If Russia invades Ukraine, it might impair Russian crude deliveries to Europe, pushing up oil prices, according to RBC Capital analysts. Rising global demand and lower-than-expected supply additions from the Organization of the Petroleum Exporting Countries, Russia, and allies, or OPEC+, are also helping oil. OPEC output increased by 70,000 barrels per day (bpd) in December, compared to the 253,000 bpd rise allowed under the OPEC+ supply accord, which restored output slashed in 2020 when demand dropped due to COVID-19 lockdowns. Energy companies in the United States began the new year by continuing to add oil and natural gas rigs after boosting the rig count in 2021 after two years of reductions. The oil and gas rig count, a leading predictor of future output, increased by two to 588 in the week ending Jan. 7, the most since April 2020, according to Baker Hughes Co's highly watched report on Friday. Globally, countries ranging from Europe to China and India have imposed restrictions in response to the highly transmissible Omicron coronavirus strain. In the United States, employment increased less than predicted in December due to labor shortages, and job increases may remain modest in the short term as COVID-19 infections spread and impair economic activity. Resistance points for the WTI 1) 81.64 2) 84.21 3) 87.78 Support points for the WTI 1) 75.50 2) 71.93 3) 69.36 Resistance points for the Brent Oil 1) 84.32 2) 86.71 3) 90.27 Support points for the Brent Oil 1) 78.37 2) 74.81 3) 72.42 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOIL
by GabiDahduh