Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Yes, the oil market is as bullish as it gets. Therefore, we are sharing our trading zone here. We expect the price to fall in this area and soar from there! Happy trading!
Crude prices continue their steady rise as the Brent crude benchmark is trading close to $77.40 per barrel. The July high is at $77.84 per barrel, well within arm’s reach. The rise in crude prices continues for the fourth consecutive day as investors digest the recent damages to the U.S. oil industry caused by two recent hurricanes. The damages were confirmed by...
Working in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now. The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will...
Based on H4-Daily chart Oil Brent is reaching a strong resistance at 83.0. Possible short correction to 79.0 price range. Trade wisely Trading is not about quantity, it is about quality of trades.
An update on these ideas from March 2021: It appears that wave 4 is complete close to the 0.382 level and the next move could be wave 5 up towards the $90 level.
Gosh! Jesus! Wallstreet bet 100USD- 200USD on Brent Crude Oil???!!! aka UK Oil might be completing running / expanding flat (A)(B)(C) ( Cyan/Light Blue) pattern soon at around 90..
Finally breaking more than a decade long downtrend line, with a closing candle over the line, a good sign; a pull back could happen and then it could continue its upward trend; after pull back, it could be an amazing buy position. This analysis will be updated. DYOR
After 13 years, the monthly downtrend is finally broken, currently facing pitchfork middle line resistance, breaking it means a good buy position. This analysis will be updated. DYOR
Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can...
Well, as we see in the monthly time frame of the US Crude Oil Chart, the price in February finally broke its 13-year downward trend ... After that, it continued to grow well and reached its static resistance level in July 2021, and It failed to defeat it and then rebounded to its broken support level in August. Last month, the price reached to the psychologically...
Brent Crude at a very crucial juncture. If crossed the monthly trend line by end of September 2021 decisively, the next bull run will start with a target to the previous high. It will face resistance at blue zone crossing which will be unstoppable. But this will be the last bull run of Crude. It will crash down to an all-time low and by (or before) 2030. It is...
The monthly chart of Brent crude oil is breaking out from a downtrend line that began at the 2008 peak. Is this the beginning of a multi-year uptrend in oil ?
brent cude oil is trading at its weekly supply zone that is very powerfull i can push very down deep lets see
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
TVC:UKOIL Hello traders Fuel oil price is on the verge of breaking the longest resistance line since 2008 Just Keep an eye on it. 🔴 Please do your own research and understand the risk before you open a position
Fed Tapering. High of the Year. Mama bear finally awake? GL!
We are still waiting for the Brent Crude to drop and approach its yellow trading zone. Here, we expect a massive turnaround, followed by long-term increases in the price. However, direct increases are possible, too, if the course reaches above $76.12. Stay patient!