M Gartley signals Trend ReversalOil downtrend channel has lasted a looooong time. Now a Gartley-M Harmonic Pattern is present which could signal a trend reversal... if it holds. Upside includes usual Gartley resistance levels and 1.618 resistance at USD 95.
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Trade ideas
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 at an impasse because the economy has no report on direction. The information they do have isn’t promising and the US Government shutdown isn’t helping the matter of uncertainty either.
I mean it’s a roller coaster of emotions BUT you don’t play with your feelings you use your head and the logic is if it meets the criteria it will stand the test and this asset is signaling Long again.
Im relying on my usual supportive reasoning and insight from world news to assess this trade but with sentiment so finicky it’s never that cut and dry.
Regardless of what you gotta pay to play and since the market wants to take risks you might as well take risks too.
Just remember the market has nothing to lose but you do so be mindful how much play money you want to spend.
Now have a Prosperous Trade and God Bless
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 pullback resistance.
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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 mathematical and taken from highest volume not from high or low.
Brent Crude resistance at 6746The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6746, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6746 could confirm the resumption of the downtrend, targeting the next support levels at 6550, followed by 6500 and 6424 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6746 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6800, then 6874.
Conclusion:
The short-term outlook remains bearish unless the Brent Crude Oil breaks and holds above 6746. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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 profit is at 67.13, which is a pullback resistance that is slightly below the 50% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
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 trading below key resistance.
Below, there are areas of interest in the form of imbalances (FVGs) that may be filled.
Two possible wave structures:
Contracting diagonal → currently in wave 3.
Expanding diagonal → in the final wave 5.
Both scenarios imply further downside.
Fundamentals
Demand remains stable → no expectation of a dramatic collapse.
Inflation and fiat debasement continue to support prices.
Shale Factor
US shale production costs:
top-tier projects (Permian Basin) — $35–45/bbl,
less efficient/new wells — $50–55+.
Below $45–50, the industry turns unprofitable → drilling cuts and bankruptcies.
For Trump’s administration, it’s critical to keep oil low but not too low: cheap fuel supports voters, but extremely low prices would hurt domestic producers.
Conclusion
The base scenario points to further decline with a target at 58.37 and filling imbalances below.
However, a dramatic collapse below shale production costs is unlikely — this factor creates a natural “floor” for oil prices.
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% Fibonacci retracement.
Stop loss is at 66.69, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Take profit is at 64.03, which is a pullback support.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Brent Crude Bearish sentiment continuation The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6746, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6746 could confirm the resumption of the downtrend, targeting the next support levels at 6550, followed by 6500 and 6424 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6746 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6800, then 6874.
Conclusion:
The short-term outlook remains bearish unless the Brent Crude Oil breaks and holds above 6746. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
UKOIL H4 | Bullish Reversal in PlayBased on the H4 chart analysis, we can see that the price has bounced off the entry, which is a pullback support that could potentially rise from this level to the upside.
Buy entry is at 65.58, which his a pullback support.
Stop loss is at 64.54, which aligns with the 127.2% Fibonacci extension.
Take profit is at 68.44, which his a pullback resistance that lines up with the 61.8% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
UKOIL H4 | Based on the H4 chart analysis, we could see the price fall to the buy entry which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this levle to the upside.
Buy entry is at 68.47, which is a pullback support that aligns with the 50% Fibonacci retracement.
Stop loss is at 67.17, which is a pullback support that is slightly above the 78.6% Fibonacci retracement.
Take profit is at 70.53, which is a swing high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
What happens if oil prices rise?Brent Crude Oil 1W;
What happens if oil prices rise?
Inflation decreases.
What happens if inflation decreases?
All stock markets crash.
So when do oil prices rise in technical charts and fundamental analysis?
Let's take a look...
Developments in the Middle East become important when there is a supply shortage in oil. Although there are slight fluctuations at the moment, a permanent supply shortage is only possible if Iran permanently closes the Strait of Hormuz. Otherwise, the news only creates fluctuations as seen on the chart, but the trend direction is clear.
For now, the Saudis and OPEC members are filling the supply gaps in oil.
Technically speaking;
On the weekly chart, oil has maintained its downward trend since the summer of 2022. It retreated to the $60 level but is now in strong support zones. How much further it will fall from here depends entirely on political factors.
It appears to have found support at the 0.618 Fibonacci golden ratio level for now. If it breaks below this level, all the marked areas below will act as very strong support and could initially push the price upward.
If oil starts to show sustainability above $90, global inflation will begin to be felt deeply.
#oil #brent #petrol #technicalanalysis #fundamentalanalysis
Brent Crude another retest of resistance at 6900? The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6900, a prior consolidation zone. This level will be critical in determining the next directional move.
A bearish rejection from 6900 could confirm the resumption of the downtrend, targeting the next support levels at 6720, followed by 6600 and 6480 over a longer timeframe.
Conversely, a decisive breakout and daily close above 6900 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 6975, then 7030.
Conclusion:
The short-term outlook remains bearish unless the Brent Crude Oil breaks and holds above 6900. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.






















