In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea: Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March...
Brent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of...
A recent bullish trend is evident in BRENT UKOil on the 4-hour time frame, marked by the development of higher highs and higher lows. My approach involves anticipating a retracement into the 50-61.8% Fibonacci zone, creating a favorable discounted entry point. It is essential to emphasize that this analysis is merely an educational idea and should not be...
Price broke last high once again and is still pushing for new highs. expect some sort of reversion by thursday to then clear last high and make a new one.
In this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis,...
UK BRENT New forecast The price of Brent crude futures opened today's trading with a strong decline, breaking the support of the ascending channel and settling below it, which may put pressure on the price to conduct a new downward correction. Its targets begin by testing the 91.00 level and extend to 89.55 after breaking the previous level. On the other...
UK BRENT OIL New forecast The price of Brent crude oil contracts was not able to hold for long above the support of the ascending channel, trading negatively and heading towards a possible test of the pivotal support 89.55. The conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that...
Possible Reversal H&S. We except higher prices as we analyzed before. Have a look at our previous analysis, link below👇
As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on...
Entry at 93.5 Sl at 90.5 Tp1 at 96.5, Tp2 at 99.5, Tp3 at 102.5 Remember, risk only 1-2% of your account!
UKOIL reached a support zone after a sell off. The market made a false break from the accumulation zone. Bulls tried to push the price higher but failed, which means bears took control. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is bearish on 4H timeframe. Price action is consolidating between 104$ - 92$ price points. If price rejects the level by creating a false break then we can look for shorting opportunity. ------------------ Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has attempted to break through the resistance zone roughly at $100 - 99 price level. Price action created double top and failed make a new high. We might see a sell off from psychological level of 100$. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL is pulling back to the resistance zone after making a shallow new low. This indicates that we might see a deeper retracement. We are considering selling at the confluent zone of 100-102, which was tested multiple times before. Look left, the structure leaves clues. ------------------- Share your opinion in the comments and support the idea with like....
Bulls have attempted multiple times to break through the resistance zone roughly at $108. The price remained below the level. We might see a sell off. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has been rejected from the resistance zone at 106-107. Price action created a box; a pause before the continuation. We expect a further down move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL has made lower lows, indicating a trend shift. Typically, price action after a sell off consolidates. If the price returns to the 110 $resistance zone, we can look for a shorting opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL moved down as we predicted in the last post. Price action has created equal support levels. But the new high is lower than the previous high, meaning that the bulls are running out of steam. The market is in a consolidation phase. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!