USDBRO bounced off 62.20 where it could potentially rise further to 64.80. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
Hi traders, BRENT has broken a trendline and properly retested the breakout. It is highly to proceed downwards.
USDBRO reversed off its resistance at 59.71 where it could potentially drop further to 58.50. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL...
Brent can move further down beeing beyond resistance line
Brent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally. Three supply imbalances have been created on...
While there is divergence with the relationship between oil and the US dollar to the Canadian dollar, this trend still holds. In all likelihood, the price of oil will continue to be closely tied to the price of the US dollar to the Canadian dollar.
If global growth continues to slow, so too will Brent. If not, then this assessment should be updated. While technical oscillators are important for this forecast, so too is the assumption that global growth is not rebounding, but rather will continue to slow in the EU and China.
The Brent has reached the level of 50% in the Daily and seems to be about to start a new bearish phase. I have identified two possible targets in the graph, one at 38.2 and the other at Fibonacci 23.6. Single stop loss for both transactions. I could decide to reinforce my idea short if today's heikin ashi candle, on Friday, should close in short.
As the title says, call your wife and let her know. OANDA:BCOUSD short on the way Thats my analysis. Whats your's say?
Brent Crude Oil does not seem to have the support it needs to make the push higher up from the 4H chart. MACD 8H is making lower lows as well. As long as the 4H 50 EMA holds strong as resistance, the move further down is active. First TP is at Fib Extension 1 which is 64. If prices still aren't able to find support at that price, then sell further till 1.618 (62)
First sell order was opened on 01-mar-2019 I see Brent going down few next days. So lets make duplicate sell order on it. Sell - 65.70 SL - 66.40 TP - 60.58 RRR - 1:7 Of course it has smaller TP with smaller RRR. I make close order manually.
We have good pattern to sell BCO. 1 - we have good sell impulse movement 25 february 2 - we have good correction with 6 higher highs. 3 - we have good flat from 27.02 to 1.03 One problem - today is friday so you can catch gap at monday. But position to sell is my prefered. So lets try to catch profit right now. Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
We decided to analyze the daily graph of oil as we found an interesting technical model called-Doji, What Does a Doji Tell You? analysts interpret this as a sign of reversal. So our recommendation is Sell position We also added the Fibonacci Retracement to know where we were going Sell Brent (oil) Entry Price: 66.30 Stop loss: 67.30 Take Profit: 65
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud! We recommend selling now Sell Brent Entry price: 61.45 Stop Loss: 63 Take Profit: 58.75
Key levels to look out for when analysing Brent Crude Oil , please refer to H4 chart for a strategic view!