WTI Finds Support, Brent Hints at BounceGiven it’s been three weeks since the last cycle higher in crude, and bearish momentum is slowing, support levels for WTI and Brent could appeal to bulls over the near term.
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Long
Brent Crude Futures
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Compare with Brent Oil
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BZAlways use 2x–3x leverage. We build positions in stages, both long and short.
Max 4% of your account as margin per position. Split that 4% into 3–6 entries.
Example: $100 account → max $4 margin per position. Split it as $0.5, then $1, then $1.5. So $0.5 × 3x = $1.5 position size.
Don't get greedy.
Short
Brent FuturesBrent crude futures were trading in the $95-$110 range in September. With the long-term trend firmly bullish, there is a high probability of further upside. Finally, it is worth noting other bullish drivers for “black gold”: (1) the ongoing military conflict in the Middle East and the closure of the
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Brent Crude: Complex Correction Might Slash Half of Priceworld energy might get some relief as chart structure of brent crude
gets more complex over time
updated structure implies more complex W-X-Y Double Three correction
it puts us back to the chart posted in June with the same target in place
yesterday's drop ignited the final wave C within termin
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Oil could push higherGlobal central banks have started to increase rates as higher energy prices persist and feed through the global economy. Oil is still looking to make further gains, up around 15% since our bullish note in July.
HIgher prices are a function of three factors 1) Stronger than expected global economi
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Brent oil trendBased on the chart, one might anticipate a rise in Brent crude prices—either from the current range or following a slight decline. Key factors driving this potential increase include rising oil demand from China, the heightened likelihood of renewed conflict between Iran and the US-Israel coalition,
Short
Brent FuturesBrent crude futures saw sharp fluctuations in August before ultimately closing above their 200-day moving average. With the long-term trend firmly bullish, there is a high probability of further upside. Finally, it is worth noting other bullish drivers for “black gold”: (1) the ongoing military conf
Long
oil trendGiven the current situation and the threat of Iran and the US to escalate the conflict again, this scenario could be possible. The minimum target for this scenario is $120.
Brent Oil: Buying a High-Confluence PullbackOne of the highest-probability trading opportunities doesn't come from predicting bottoms.
It comes from identifying healthy pullbacks inside established trends.
That's exactly what Brent Crude is showing right now.
After a strong impulsive advance, price has retraced into a technical area where
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Summarizing what the indicators are suggesting.
Neutral
Neutral
Neutral
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current price of Brent Crude Futures is 104.72 USD / BLL — it has fallen −0.22% in the past 24 hours. Watch Brent Crude Futures price in more detail on the chart.
The volume of Brent Crude Futures is 318.33 K. Track more important stats on the Brent Crude Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Brent Crude Futures this number is 522.12 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Brent Crude Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Brent Crude Futures. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Brent Crude Futures technicals for a more comprehensive analysis.