~Stabilized above 67.60 will get 71.44 ~Stabilized under 67.40 will get 63.14 and then upward
Brent Crude looks like it needs a retracement after its stellar recovery. On the weekly chart we can see that its overbought on all three signals. Oil producers need the price to stay above roughly $40 a barrel. In a controlled environment with limited exogenous impacts the price of oil should stay above $40 a barrel. That being said, $70 a barrel isn't going to...
whenever oil price breaks 69.78 we should see a bullish movement toward the primary target which is 71.80 and above .
i think oil will keep rise and touch 69.7 and by entering that zone bears will mostly invade the market and pull it down to 68.40 levels and maybe even bellow. i may update this chart Monday stay tuned.
As seen on the 4h chart there is a possible rising wedge formation. traders must wait for the reversal bars. I welcome comments and likes. thanks in advance. .......................................................................... Disclaimer: The given information on the chart and comments are not a Financial Advice. Be carefull abaut your risk assessment and...
OIL_BRENT SEEL TP_38.37_15.07%_6.81pips_SL_46.47_2.86%_1.29pips
Are we seeing clear divergence between the price of Brent and the 14-day RSI over last couple of months? Check out my video and let me know what you think? With the recent double-top, I'm thinking there's got to be a strong case for a Sell position here...
Hello, Traders, BRENT is close to breakout an ascending triangle after a couple of days of accumulation. The entry point is on the breakout or pullback. Be Careful with SP500. Please like this post and comment. You are welcome to follow us on our social networks.
Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes and move down to lowest m5. Futures contract for Brent crude , London exchange ICE 08-20 My trading is based on market phases. For timeframes m5: Buy after breakout on the test of level 36.35, target 36.96 Sell 35.16, target 34.35
The longterm trend in oil is weak, Gov bond around ATL signaling low inflation/low growth. 12 dollar would be a retest of the 1999 low, and a new millennial bottom. You could also argue that the worst is over in oil and tripple bottom is in play at 20. Or we hit 50 dollar and the longterm trend has turn for now. Probabillity leaning towards the downside since we...
watch the last analytics that i did on the ukoil brent and you undrestund why sorry no time . already late go in
The oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't...
Usually when a bearish triangle pattern forms, a negative trend begins at the end of the triangle, the price return may take some time in the medium term.