In this live trading video,we explore the 3 lessons that we learnt on missing the Brent oil trade. You can cross transfer these principles on any strategy.
Brent crude oil
The horizontal line can help oil rise as shown on the chart
After the recent oil data appeared, which confirmed a reduction in inventories, and with the continued Russian threats, oil will continue to rise
Short term prediction for 11-12th of March.
Last Friday the 4hour candle closed
out of tunnel. I would expect that it goes down
towards 81.5(or around it.) It might do a
manipulation move towards back to the tunnel.
Or even it might do a hawkish move.
Greetings
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...
Brent oil is on a very strong horizontal line and we have very important data for oil, so we expect the data to appear negative for oil and begin to decline from 83.30 to 83.80, and the target will be at $81.
if the volume holds like this on Oil. I will look to buy it on the next candle. this is a regular CPR entry with an additional confirmation of footprint
Looking at the technical picture of EASYMARKETS:BRTUSD on our daily chart, we can see that the commodity is currently trading in a small range, roughly between the 81.83 and 83.98 levels. At the same, on the bigger picture, the price remains between two trendlines: a short-term upside support line taken from the lowest point of December 2023 and a downside...
UKOIL MARCH WEEK 3 OUTLOOK -
Daily - Looks like it's in a no man's land right now. longs above 82.99 and shorts below 80.29.
Origin - if price gets rejected from zone 82.17 - 82.90, then we can look for shorts. if it manages to hold above 82.90 we look for longs. if price holds below, then short ideas will be marked up and only Grade C risk will be allocated...
The daily candle as other candles contains body and two wicks. The best set up is when you open the trade in the bottom wick during long trend and in the top wick during the short trend for a current day. Here the 3 steps to catch the right set up.
1. Wait for asian range(purple box).
2. Identify daily bias long or short.
3. Open the trade below or above true day...
UKOIL is trading in the descending channel.
Price broke and closed below the resistance level at 83.00.
We can see the market has created a consolidation zone around this level, which means it's an important level.
We anticipate a bearish move by completing the AB=CD pattern.
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Share your opinion in the comments and support the idea with a...
Hello everyone!
we're turning bullish on BRENT!
- Here's my view on BRENT :
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.ù
stay cautious.
That's why I see GOLD rebounding in the zone and dropping!
🚀 If you liked it and want more, don't hesitate to...
In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea:
Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March...
Same thing as always. I am looking for a pullback all the way to 82.56 - 82.39 zone and looking for price to get absorbed there.
more than usual volume traded in oil yesterday which is repeat of similar pattern observed in Jan this year before first run up in oil.
for me to get an entry I am looking for almost 1% drop so let's see if I get it.
Brent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of...
**Monthly Chart**
UKOIL last month candle closed bullish after it tested the demand zone in Dec 2023 around 70 levels. This suggests a continuation of the bullish trend at least to test the MC around 95 level.
**Weekly Chart**
UKOil weekly chart shows bullish momentum although it has been moving in consolidation mode for the past three weeks. Last week's candle...
