- The most recent conflict on the Middle East between Israel and Palestine(Hamas) has caused TVC:GOLD and Brent Crude Oil (futures) ICEEUR:BRN1! price to jump 4% . This increase risk on Geo-Political spectrum is messing up with our Short in ICEEUR:BRN1! . Short Call idea was shared on bingX copy-trade community where 2.000 people saw the Short trade...
We are on a bull wave that started somewhere around 72.5. I have en eye on the dates of 12 and 30 to 31 with an interest in the type of candlesticks that will be formed. I also marked 3 price levels in case any candlestick shadows will appear near them. The main question should be: where will this bullish wave end? or when. If it's not the end, is there an...
Purple droplets indicate where CPI peaks (pink line) and green arrows point to the corresponding oil peak. Blue dotted lines measure where oil peaks to allow a reference point to S&P chart. Light blue is FED Funds rate.
Since the last update, Brent has broken above the major Falling Wedge... And it's been on a quiet but consistent trajectory up. With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target. $100! We are in it for the medium term.
Brent Crude: A quick rise of about 10% till September 2023 end & then fall about 40% from high towards year end. Brent may ultimately explode towards $200 towards the end of year 2024.
TECHNICALS: We’re looking at the daily chart of Brent Crude oil. We can see since March 2022, the price has indeed tanked from $136 down to $71. During that time, we can see it’s formed a large Descending Triangle pattern. This is generally a pattern which also forms what looks like a falling triangle. The selling is stronger than the buying. And this is...
I have the feeling it is not the last time we see the interaction of the market with the drawings. This would mean it would have to go up at some point, or at least do something crazy near the vertical lines. I wait and see... Don't know if the markings should mean anything if this goes up up up
Nice perfect rebound at the edge of the first arc. On the other side of it I don't know if the arc holds and a rebound is expected. We might see more downwards movement.
Ignore the Black Hole and its Event Horizon (in the corner of the chart). We might already live in one. Unless these drawings have nothing to do with the future that theoretically hasn't happened yet.
This is just a quick summary with some of the most interesting coincidences that have happened with my drawings. I look for candlestick patterns or shadows near the shapes, but sometimes I also stretch my imagination to look for other meaningful or strange occurrences. The price hit some of my icons so many times this week, that I decided to make this video. I...
Considering this trend i expect the oil price near $60 in 6 months or even earlier.
The Chart looks quite simple for a complex geo polical commodity. OPEC Cuts, Russian War, Recession and still the Price skeeps coming down. One year down 26.4%
Hello, I have prepared a review specifically for you on Brent crude oil. Currently, oil is in a price range where the movement of the asset can go either way, with equal possibilities for an upward movement towards the range of $100-120 or a downward movement towards the range of $50-40. The decision point for a downward movement would be the price staying below...
The Organisation of Petroleum Exporting Countries and its partners (OPEC+) producers surprised the market with a decision on Sunday 2 April 2023 to lower production limits by more than 1mn barrels per day (bpd) from May through the end of 2023. This decision was announced ahead of the OPEC+ Joint Ministerial Monitoring Committee (JMMC) meeting scheduled on 3 April...
We see that oil is in a general downward trend This trend has been respected several times and has made lower bottoms Economic news supports the decline in oil as well
Oil is in complicated situation. During second week of the March it broke the 200 EMA support without resistance. Next weekly pivot is on 64.00. Traders might be looking for short on fundamentals to the 40.00 level. But given my expertise about Oil fundamentals this trade would not work. So i'll say any position taking in oil should wait for 64.00 level and look...