There is a possibility that the UKOIL, a trading instrument representing the price of crude oil in the United Kingdom, might experience a downward trend. The recommended take-profit (TP) level is at 77.2, while the suggested stop-loss (SL) level stands at 84.25. However, it's crucial to emphasize that engaging in any financial trading activity carries inherent...
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 OIL New forecast The price of Brent crude futures traded with strong negativity yesterday, succeeding stably without support at 86.93. We note that the price broke this level and closed the daily candle below it, heading towards achieving a further decline, with its next target reaching 85.14 level, by breaching this level will open the door against...
Oil has been bearish off late. but daily has shifted to down bias a couple of days ago. today being an inside value day with 1/2 volume is not the best of the setups but it's the only one to look for today. Grade C risk will be allocated if oil breaks below ARL and gives entry on 5M.
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 futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level,...
Unfortunately my last UKOIL prediction didn’t fair too well but using the science of Elliott Wave I think I’ve been able to identify previous mistakes and also a way forward. I expect the $90-$91 range to send UKOIL back to $25 over the next 3 years or so. Based on what news? Who knows. We’ll see when it comes but the chart is always the first indicator :)
Hello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
What can be seen from the oil chart is a price range of $78, which can serve as a short-term target for selling oil within a 30-minute timeframe. It offers a favorable risk-to-reward ratio, and with proper capital management, one can proceed with selling.
UKOIL broke through the major support level at 80.00 then dropped. The price is consolidating after the sell-off. The oil market bounced off the support level at 72.00. It's pulled back against the bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
Looking at the H4 chart, my overall bias for BCOUSD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. Looking for a pullback sell entry at 8392.4, where the 38.2% Fibonacci line and overlap resistance is. Stop loss will be at 8673.5, where the recent swing high is. Take profit will be at 7902.9, where the previous...
CRUDE OIL intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 1.618 or 1: 2 Anyone same idea with me? SELL Crude Oil Good luck traders..
CRUDE OIL intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 1.618 or 1: 2 Anyone same idea with me? SELL Crude Oil Good luck traders..
As evident on 4Hr Time-Frame with formation of Bearish Cypher harmonic pattern UKOIL a reversal is possible. Seasonal Analysis shows JXY & DXY remain Bullish in January over 60% which have negative correlation with Oil. CXY on the other hand remain Bearish in January over 70% of times which indicates a low price of Oil. TPs can be set as per Fib Lvls...
Bearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at...
A good upward correction has been made, the possibility of a price drop is high.✨
UKOIL broke through the descending channel . The price action tested the trendline and closed below it. It failed to make a higher high, resulting in an H&S pattern. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
CRUDE OIL intraday trading alert 3 steps must fulfill before entry 1. 1st breakout done 2. Retracement done 3. 2nd breakout and see you in the home ⬇︎ More info in my profile.. Good luck traders..