Crude oil ready for next leg! Not long ago did oil change the downtrend to an uptrend, the uptrend has had the pause it needed and now i believe we are ready for another leg up. Yesterday i shortet it down. today i took profit and im ready for the next leg.
1H chart so this will take time. I think the support zone looks strong
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.
UKOIL H1 | Bearish Momentum BuildingBased on the H1 chart analysis, we can see the price rise to the sell entry, which is a pullback resistance, and could drop from this level.
Sell entry is at 64.43, whichis a pullback resitance.
Stop loss is at 65.10, whichis an overlap resistance.
Take profit is at 62.99, which aligns with the 7
UKOILSPOT H4 | Falling Towards 50% Fibonacci SupportBased on the H4 chart analysis, we could see the price fall towards the buy entry, which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 63.02, whichis a pullback support that lines up witht the 50% Fibonacci retra
Brent Crude bearish continuation at 6579 resistance
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 longer term support, suggesting a temporary relief rally within the downtrend.
Key resistance is located at 6579, a prior consolidation zone. This level
OiL Gold is currently testing the 55 levels, and I expect a potential rise to new highs in the coming months. I don’t know what will happen in the world, but this is what I see in my analysis for the upcoming period — just like the gold forecast two years ago when I predicted we’d reach new peak to 4700
Brent Oil Spot H1 | Bearish Drop OffBased on the H1 chart analysis, we can see that the price has rejected off the sell entry, which is a pullback resistance and could drop from this levle to the take profit.
Sell entry is at 65.10, which is a pullback resistance.
Stop loss is at 656.94, which is a swing high resistance.
Take profi
UKOIL H4 | Bullish Bounce OffBased on the H4 chart analysis, we can see that the price is reacting off the buy entry which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 63.40, which is a pullback support that aligns with the 38.2% Fibonacc
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Displays a symbol's price movements over previous years to identify recurring trends.









