UKOIL H4 | Falling Towards Fibonacci Confluence LevelUKOIL is falling towards the buy entry at 62.35, which lines up with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection and could bounce from this level to the take profit.
Stop loss is at 61.32, which lines up with the 78.6% Fibonacci projection.
Take profit is at 64.20, which is a
Gartley and math levels In this snapshot of price action on Brent crude we can see today would seem like an unqualified disaster for bulls. The pattern which has emerged from the chaos is an almost perfect gartley. If D anchor holds expect higher from here. Look for volume, rsi confluence.
The levels are precise mathemati
Brent Crude oversold bounce backs capped at 6435 resistanceThe Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the longer term support, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 6435, a prior consolidation zone. This level w
Going Up:BRENToilCrude has been anything but friendly however it has also been adamant on growing no matter the cost.
Crude Oil has aggressively passed every reason to decrease AND is still refusing to go further down. That is also the case with Crude Oil Bulls. They have substantial reasons to go long but are meet
UKOIL H1 | Potential Bearish Drop AheadBased on the H1 chart analysis, we could see the price rise to the sell entry, which is an overlap resistance that aligns with the 23.6% Fibonacci retracement and could reverse from his levle to the take profit.
Sell entry is at 65.70, which is an overlap resistance that aligns with the 23.6% Fibon
UKOIL H1 | Bullish Momentum BuildingBased on the H1 chart analysis, we could see the price reacting off the buy entry, which is a pullback support, and a bounce from this level could lead the price to rise to the upside.
Buy entry is at 65.77, which is a pullback support.
Stop loss is at 64.97, which is an overlap support.
Take pro
Shale Producers Can’t Survive This Drop
Brent Crude Oil OANDA:BCOUSD TVC:UKOIL NYMEX:MCL1! ICEEUR:BRN1! — Wave C Still in Progress
Main Idea
I expect Brent to retest the 58.37 low in the coming months as part of a corrective Wave C in a zigzag formation.
Technical Outlook
Price action remains bearish, with the market tradi
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Displays a symbol's price movements over previous years to identify recurring trends.