Oil Brent The nearest target is at 96.00 in continuation of the 5th wave on D1 H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend. What to expect now? Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88 When opening a...
BUY XBRUSD buy oil for a long for this week TP 92.50 1 week trend
Preferred direction: SELL Comment: For oil, the previous trading idea also worked out perfectly and the instrument is now trading at the level of 86.62. Despite the general tense geopolitical background, the instrument is still considered for sell, and the purpose of the sale is gap closing. Presumably, this goal will be achieved within one trading week. ...
UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our second target +230 pip . The price of Brent crude oil futures is trading negatively now, putting pressure on the 88.38 level, reinforcing expectations of a continuation of the downward trend for the rest of the day, paving the way for heading towards our negative...
Pivot: 90.60 Our preference: short positions below 90.60 with targets at 87.00 & 86.25 in extension. Alternative scenario: above 90.60 look for further upside with 91.10 & 91.80 as targets. Comment: the RSI is below its neutrality area at 50%
The geo-political situation is worsening... We might see a crypto-like movement in Oil terms pretty soon...
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...
The daily upward trend. We have a good one-hour demand on the 4-hour trendline and we are looking to buy.
if price would maintain above 82, then Oil looks like its headed back up to 100, possibly 140... with current world events.
Oil analysis on the hourly time frame. Oil is trading in an upward trend, and we are waiting for oil to retest the rising trend line and the demand zone.
UKOIL New forecast The price perfectly fulfills my last idea and price reached our second target + 300 pip . The price of Brent crude futures traded strongly positively yesterday, breaching the 92.52 level and confirming a return to the ascending channel once again, reactivating the positive scenario and heading towards achieving positive targets starting at...
Preferred direction: SELL Comment: Yesterday, oil still showed growth and we were forced to exit with a stop loss. However, the priority of sales remains and today once again we are considering sales from current prices with a target of 90.72 and even with fixation below. Thank you for like and share your views!
Just a EW count on OIL Personally I dont think there is huge upside on OIL, but if we get a nice pullback towards the $50-$47 area, could be worth it to take a position and hold it for few years especially if markets get choppy volatile and give off massive dumps - please check my analysis on SPY: and NDX: I will provide a more in depth analysis on these...
I'm going for Speed Lines combined with Fibonacci retracement tool. Price is at a level of importance previous support now resistance. Uncertainty is our game so we should anticipate all possible moves the price can take and then trade the move with the highest probability. With what is going on in the world and social media still expecting Oil to go to $100 my...
Given the circumstances and technical looks, BRENT is about to sky rocket as it seems. This is a high probability trade for futures and option enthusiasts.
update BUY BRENT NOW ✅ STOP LOSS : 88.25 TAKE PROFIT : take profit will be when the trend comes to an end and will be shared with my vip members . Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here