UKOIL H1 | Potential bearish dropBased on the H1 chart analysis, we can see that the price has reacted off the sell entry, which is a pullback resistance, and could drop from this level to the downside.
Sell entry is at 66.41, which is a pullback resistance.
Stop loss is at 67.10, which is a pullback resistance.
Take profit is a
About U.S. DOLLAR / BRENT CRUDE OIL
Crude Oil is a naturally occurring liquid fossil fuel resulting from plants and animals buried underground and exposed to extreme heat and pressure. Crude oil is one of the most demanded commodities and prices have significantly increased in recent times.
UKOILSPOT H4 | Potential bearish drop offBased on the H4 chart analysis, we can see that the price is reacting off the sell entry which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to the downside.
Sell entry is at 67.00, which is a pullback resistance that lines up with he 50% Fib
Oil Prices Rise on Geopolitical FactorsOil Prices Rise on Geopolitical Factors
As the XBR/USD chart shows, Brent crude opened this week’s trading around $65.70, but today the price is near $66.80 (around +1.7%).
Oil is being pushed higher by geopolitical factors, including:
→ Israel’s strike on Hamas leadership in Qatar;
→ Trump’s cal
Brent Crude bearish below resistance at 6840The 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 6840, a prior consolidation zone. This level will be
Brent Crude Breakdown: $61 Next?Structure & momentum
Price completed a three-leg climb into late August but failed beneath a thick supply band clustered around 68.50 → 69.30 and again lower-high’d under 70.80. The last push up rode a rising support line; that line has now broken, followed by two wide-range sell candles closing nea
Bren Crude upside resistance at 6900The 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
Brent to FALL up to 62Key factors influencing the market:
Anticipation of the OPEC+ decision at this weekend’s meeting — a potential further increase in production could put additional pressure on prices.
Excess crude inventories in the U.S. — commercial stockpiles have grown, lowering demand expectations.
Weak econ
UKOILSPOT H4 | Bearish reversal off 50% Fibonacci resistanceBased on the H4 chart analysis, we could see the price rise to the sell entry, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to the downside.
Sell entry is at 67.00, which is a pullback resistance lines up with the 50% Fibonacci retr
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Displays a symbol's price movements over previous years to identify recurring trends.