Oil is dropping for a week and i see an opportunity for a long position.
M formation has formed over the Rising Flag. This confirms not one but 2 bearish patterns in the making. There is a strong chance of the price coming down. and we have other indicators confirming. 7= 21 - crossing Price <200 RSI<50 Target $67,71
Rising Flag has formed after the downtrend with Brent. The price has broken below the rising flag which confirms bearishness. 200 > 21 > 7 - Bearish RSI <50 Target $67.89 FUNDAMENTALS: We've seen the US Dollar start to strengthen a bit which is can continue to do so for the next few weeks. A strengthening US dollar can cause Brent crude price to drop because...
If you want to sell, it is best to wait for a pullback in the market before entering. This will allow you to get in at a better price and potentially increase your profits. However, it is important to keep in mind that waiting for a pullback can be risky and there is no guarantee that the market will pull back. Therefore, it is important to do your research and...
BRN1 is a power move for the bull state of mind. Now that's been said the bear was looking very healthy an Fed. This was only asserted by the growth in Q3-Q4.
Bull Up condition : 1) BRENT candlestick has BO Level-2 of Raising Stage (E), next target going to be 96.55 (Level-3) 2) Tricol+ indicator - Banker's sentiment (red) above 75%, still in bullish trend Support & Resistance: S : 89.37 (-1.81%) R : 96.55 (+6.08%) Remark: - length of AB=CD=DE=EF DISCLAIMER: Analysis above SOLELY for case study purpose, not a...
Chart posted shows a clean 5 wave down .look for oil to rally back up over the next 3.5 to 6.2 weeks cycle high due jan 20
BRENT will hit 71 target sooner or later. Sit back and watch the magic. 🔮
Rectangle Formation has formed on Daily and it's anyone guess where it's going. On the bearish side, 3 Black Crows candles have formed as the price touches the medium beartrend line. We need to wait for a breakout before we do anything... Bull $120 Bear $67.65
Brent Oil looking long as well. How ever, it's not strong. If you take it, it will go slowly up, but it will be quite week. I prefer to wait for a short one at the last top.
Potential Ascending Triangle on Brent Crude forming. We are just waiting for the price to break up and out of the resistance and then the first target will be around $122... Moving Averages look good 7>21 <200
Cup & Handle has formed on Daily and now we are just waiting for the breakout of the brim level. 7>21 <200 almost perfect. We just need the price to cross above 200MA First target $122
Expect to go up a little bit more to form double top Bear Delta divergence... Price goes up while momentum is going down...indicator for a reversal Gap to be filled down bellow and lows to be taken
the last 2 time that oil was crashed i showed you on the chart so i ask , what about this year??
Brent is in a predominant falling wedge channel. As I have mentioned this week, channels are always stronger than breakout patterns. So we need the price to break below or above a certain level, before the price stops meandering... The first target is to the top of the channel at $97 then down to $88 (channel). If the price breaks below the channel then we...
Brent looks like it's on its way down! Broken below a Falling Wedge (which is rare). The RSI continues to make lower highs. and so the first target is around $67.65
"EMA Vector" and "Smoothed Vector" both turning purple and crossing is a bearish sign (🧐) and now it's happening again (😎)