False Breakout of Major Resistance Level. A Bearish Harmonic Pattern has been formed. Selling opportunity! UKOIL - SHORT ENTRY PRICE - 88.77 SL - 91.50 TP - 79.20 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Crude prices continue to rally as Brent crude benchmark prices rose to $89.04 per barrel on Wednesday, almost erasing the plunge of crude prices since 2014. Crude prices rose after Yemen's Houthi group attacked the United Arab Emirates rising fears over further supply tightening. The attack further escalated hostilities between the Iran-aligned group and a Saudi...
Hello traders. Everything is clear on the chart for you like always, the Oil needs a fixation above 87$ like a daily or weekly close to growth. Buy points are 80-82 and after pullback to 87. The target is 98-103 $. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion here to me
The price has reached Supply Zone. A Bearish Harmonic Pattern has been formed. Strong Sell! UKOIL - SHORT ENTRY PRICE - 85.35 SL - 87.30 TP1 - 79.30 TP2 - 74.60 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
Brentoil have resistance zone near 87-89 and I predict that it can decrease by this path
Hey, USOIL getting overbought here, looking for a short soon (not yet), stay tuned.
Thinking we are going to 1st test $86-$88 B4 a sub wave 4 starts and then completes around $78. After that sub wave 4 should end and sub wave 5 should start of the greater wave 5 which ends over $100 plus mid 2022
USDWTI D1 Another bull leg seen here on WTI, pushing in excess of $81/barrel now. Things are looking very good, possible correction wave to be seen before the next push upside. Looking for rejection and possible short positions from that $85/barrel price. From here we can squeeze a short position hopefully for as much mileage as it offers.
Oil 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...
I am expecting a possible short for Brent UKOIL. The wedge seem as broken and testing the lower line. The content of idea not to be constituted as Financial Advice. Trades I publish are Trades I execute myself.
Hello 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...
Update to below idea Could be in the final stages of an ABC correction to around the $79 level before Wave Y starts towards $52 level.
AS we saw the oil price had struggle to go upward and I think we gonna see correction of price for this instrument. lockdown is not right on table and the price can easily support to go for touch new high. This analysis will be updated.
Brent Crude oil is turning upwards. 250MA has recently changed direction and crossed the .382 fib level, we can expect a bounce of the 250 MA. Short the market down to this level first before entering the long. Very profitable trade if the price can respect these very strong levels.
Since its last low, the the benchmark crude Brent recovered pretty well! We expect the price to further increase towards $86.68. Just below that mark, another corrective movement should set in. It is, however, important that the course does not fall below $69.22 now. Stay healthy!
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ On Wednesday, oil prices in the United States climbed for the sixth time in a row. Brent oil prices were unchanged at $78.78 while WTI crude oil futures rose 0.03 percent...
long term trading , preparing for the next year 2022
It's about technical and don't forget to put SL and manage it,