Hello Everyone, Despite being below the 1D/1W PP, Brent appears to be a promising buy. Both the weekly and daily support levels are showing resilience. However, if these support levels falter, there's a possibility of revisiting the monthly support. TradeWithTheTrend3344
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
Brent Oil Price Did Not Rise Despite Iran's Attack on Israel As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and the fact of the strike could provoke further escalation in the region. However, at the beginning of the trading...
Brent Crude Oil I called for a potential base on 07 December. On the chart is also my proof of the call. The commodity has advanced from $75 to the recent high of $92.
📊 According to the buying pressure in the market, if the range of 91.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 72.6 units🎯, and if the range of 93.5 units🎯🎯 is strong. 📊 Otherwise, the price may decrease to the range of 88.5 units.
Crude Oil Brent Cash X Right Prices for Quarter 2, 2024: $91.632 $92.176 $92.723 $92.286 $93.220 $93.501 $93.570 $93.718 $93.856 $94.041 $94.035 $94.069 $94.196 $94.375 $94.864 $94.969 $95.266 $95.644 $95.854 Distribution price = $96.088, $96.510
Here are some bullish reasons for the UK oil market: Portfolio Shifts: As central banks reduce stimulus measures, investors are adjusting their portfolios. Energy and financial sectors are becoming more attractive after years of tech dominance. Oil stocks have already seen significant gains since the 2020 lows, and the transition of COVID-19 from pandemic to...
Ice Brent Crude Oil Spot prices for April 2024 as follow: First new support = $90.71 $91.14 $92.95. watch for trap from here: I have a concern in this area as data been manipulated during 2nd week December 2023 and this may create a bearish neck $ shoulder pattern as the formula is telling me this! If we pass the red flag area, then expect the next price =...
Due to the clearing of sellers in the local area, the price of oil at $14 is ready to rise again to this area and register a new ETH. "Beta version whale"
**Monthly Chart** Last month's candle closed bullish indicating a continuous uptrend move at least to the monthly MC of Oct 2023. This month candle opened near the high of the previous candle and resumed higher. **Weekly Chart** Last week's candle closed bullish, suggesting a continuation of the bullish move at least toward testing the previous MC candle...
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Hello everyone I think after last week that Brent fixed its buyer positions, now it is making a correction for its wave 1 Minor of wave (3) intermediate of ... This counting is so controversial between bearish market fans but as I always say, I do not have any interest to any bullish or bearish market and I just try to make money so I change my strategy when...
Brent crude As geopolitical concerns persist, oil continues to rise
Hola Traders, This is our Excellent master plan to Heist Bullish side of Crude oil barrels. My dear Looters U can enter at the any point above the green MA pullback area, Our target is Red Zone that is High risk Trap area. Put Stop loss in recent swing LOW. Dear Robbers we can steal oil barrells and finally sell in the commodities market then make money and take...
Daily - looking good for longs. gap down today looks good for the bias continuation but I will be much keen to enter longs if we get a deeper pullback. Origin - **90.31** is the level I am looking for. once that gets cleared, I can enter long position. before that happens, it will be better if we get another pullback to start of month AVWAP or even lower to...