📊 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...
Looking forward to entering Long on BCOUSD after NFP today. Am not too eager to enter, if it happens, its good. If it doesn't happen, I am fine too, since today is Friday, and I have to hold my positions over the weekends. I am used to holding trades over the weekends, however I prefer the weekdays. Therefore, when Mondays roll around, I thank God its...
Overview: Get ready for a potential uptrend continuation in UKOIL! Our charts are painting a picture of bullish sentiment, and we've got the technical set-up to back up our next big move. Technical Analysis: On the 1-hour chart, we've noticed a dip into the golden Fibonacci zone – a classic area of interest for bulls to jump in. It’s an optimal entry spot for...
Been going through Uk100 and turns out that my research reveals that the Sellers have already taken the control . I will see how it goes. Happy trading.
UK Brent Crude is looking poised to climb higher to test the 2023 high of $95 per barrel. Technically, the commodity is overbought on the RSI indicator so a pullback and test of the blue support range around $87.50 seems like the next likely move. Additionally, the 50-day MA has now crossed above the 200-day MA which is another strong indicator for a sustained...
Hi I have posted an idea about UK oil a few weeks ago that tried to show bearish market is not finishes yet but I never insist on my ideas and for now there is a considerable doubt about it I need to share it with you as an alternative. Just let to break out green static support and then purple channel to decide about bull positions.