Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe
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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!
Oil Short Setup
🔵 Entry Level: $82.58
🟢 Take Profit: $79.39
⛔ Stop Loss: $84.29
Reasons:
- So far the price is respecting the ascending channel;
- I expect an overbought level on the PVS Indicator by the time the price reaches the upper trendline;
- Volume is not supporting the up movement;
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!
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!
The general trend in daily time seems to be declining.
But now it seems to be a good place to enter the hourly time.
The new support level seems to be broken and the return to the new resistance level is complete and it is time to fall.
''One way to control inflation is to have cheap Oil around'' the Fxprofessor
News:
Brent crude oil price down below $67 per barrel on London’s ICE first since May 24
The price of WTI oil also went down by 2.52%
MOSCOW, August 19. /TASS/. The price of futures contracts of Brent crude oil for October 2021 delivery went down by 2.18% on London's ICE on...
I've been expecting this for a while now, since brent hit $75 for the first time in teh recent weeks. but it seems to resilient and doesnt seem to fall back to support around $70.
But i think im clocked it... brent has almost reached $73 as calculated. I think we will see a pull up to around $75 again as teh selling pressure has already weakened.
But from...
Potential correction at fibb 61.8%
After correction price can still follow the trend
Trend: UP
Ichimoku: UP
Stoch: After overbought
for more: www.invesery.com
Last news:
vesting.com -- Crude oil prices weakened Thursday amid concerns about fuel demand as the pandemic continues after U.S. inventories posted an unexpected rise last week.
By 9:45 AM ET (1445...
since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
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The volatility in oil markets has been falling for months as price contracted into a narrow range.
That 'wedge'-like trading range appears to have just broken to the downside
Recently, there has been a lot of news about the fact that oil futures have recently doubled after the last fall, that JP Morgan has earned a couple of billions, and so on and so forth.
It is a rumor that oil will fall again to $ 20 per barrel, I honestly do not really believe in this scenario, since oil is not only a trading product but has a certain influence...
You can expect a growth from this point to keep the loss from the oil of the Brent Sea
Be sure to analyze and make a loss purchase
Successful and profitable
