U.S. DOLLAR / BRENT CRUDE OIL USDBRO

pejman_zwin Premium

Brent Crude ⛽️ Oil ⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$ . Of course, the War can change my Scenario, but I don't expect Oil to break 177$ . I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone . Brent...

AnonymousTraderAcademy Premium

The momentum from April 2020, in my opinion, looks incomplete, growth is likely to continue - the goal for 2022 is 155$ per barrel of Brent crude oil . ❌ STOP - 1w close <85$ Good luck in making independent trading decisions! Bye!

Mastermind89 Pro

Downside is limited. Inflation is real. Fibo 61.8 can be achieved easily (the green line) . Good luck.

rifi

this analysis based wave analysis and trendline and trend analysis and supp/dem

rifi

this analysis based wave analysis and trendline and trend analysis and supp/dem

OGwavetrader Pro+

Hi fellow traders, Brent crude oil is completing the flag correction in WXY formation. We can look for downside from here. Target 90 area. Goodluck!

TradeCentral_IN Pro+

FX_IDC:USDBRO is retracing in what seem to be wave C of ABC decline after completing a 5 wave impulse. There are 2 primary levels to watch out for - first is $87 based on A and C equality, but price could take support at the trendline and wave C could truncate or result in complex correction. That level would be between $98-$100. Having said that, once this...

AminSilvana

Due to its light and “sweet” nature, Brent Crude is preferred in refining oil to produce diesel, gasoline, and other end products. Brent Crude is used to price at least two-thirds of the world's traded crude oil supplies, making it one of the most important oil benchmarks.

HerschelleGirnari

Hello traders, As predicted earlier, with OPEC+ increasing supply from the beginning of 2022, the price for oil rose up and above 85. Upside trend has taken a pause or in technical terms "retracement" or "consolidation" after a strong up momentum. As we can see in 4hrs charts upward momentum from 77 levels till 91. Now we will see prices move in range 84.5 -...

HerschelleGirnari

From the beginning of next year, OPEC+ countries are to increase crude oil production as discussed in OPEC+ meeting. It is good news for oil importing countries because supply will overcome demand and therefore price for Crude oil will fall. In theory, it is correct but when we look at charts of Brent oil to USD, it tells us a different story. After the fear...

iwan12g

as you can see the oil price has broken through the trendline and has retested. on a higher timeframe it can be seen that the oil price is making a new LH. this gives a certainty factor for breaking the fibo level 0.618. when this will break we will reach prices towards the 77.5/78 show me your win in the comments

HenssenTim

... the coming months will show whether Brent remains above trend or returns to the long term down trend. In any event first we will likely see a bounce.

Narnos Premium

Brent has been particularly kind to me, falling almost perfectly in sync with my general direction forecast arrow. This week I am expecting much of the same, WPL is around 76 and it also happens to be where a trend line from 2008 is. I don’t pay too much attention to trend lines, as I could just as easily draw a slightly different one depending on my...

xeptortrading Pro

I’m missing one wave in w5 before this is done after that we should see a larger degree of correction. I’m seeing retest at 40usd in 2023

ikirillov Pro+

Hi guys! Pay attention to the breakout of short-term resistance line. Best regards

Gentlem4n

This is the Daily TF overview of pricing structure and projection. (You can find my previous analysis for H1 TF in Related Ideas)

Gentlem4n

3rd Wave has extended 276.8% and this overextension did not leave room for 5th to reach its' own targets. Limited it with 100% of 1st Wave. I don't expect HH despite nice bull attacks happening, it's sell until 78-79$.

mohammadmirfarsi

Brent oil will almost rise to $ 83 due to the break of the resistance level of $ 75 and the upward trend.