BRH2022booked loss from previous contract ~3$ per barrel. Another dumb but not (YET) dumbest off of my crude oil trades.
BZN2021 trade ideas
OIl BREAKS OUT OF 13 YEAR DOWNTREND With all the fundamentals in play, Oil has broken out of its 13 year downtrend line
We could see a giant increase in price, easily hitting 200 plus in the coming year
BRENTThis detail of price development to the historical chart is based on a previously global analysis 10 years.
BR1! - Looking forward TP89Pull Up condition :
1) BRENT has BO Level-1 and expecting to reach Level-2 of Raising Stage (F) at 89.37+/-
2) Tricol+ indicator - Banker's sentiment (red) reach above 75%, trapped fund (turquoise) has gone.
Support & Resistance:
S : 82.56 (Level-1) (-2.76%)
R : 89.37 (Level-2) (+5.27%)
Disclaimer:
Opinion above is solely for the purpose of education/case study/opinion sharing only. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
BRENTThis detail of price development to the historical chart is based on a previously global analysis 10 years.
Sell BRG2022 at 84.3 and aboveW pattern completion from November lows somewhere here. Not sure but try to short here with relatively small position
BRN1! (D) Support & Resistance Investment information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is offered individually, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein are in no way guiding, but are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not yield results that meet your expectations. Burada yer alan yatırım bilgi, yorum ve tavsiyeleri yatırım danışmanlığı kapsamında değildir. Yatırım danışmanlığı hizmeti, bireylerin risk ve getiri tercihleri dikkate alınarak bireysel olarak sunulmaktadır. Burada yer alan içerik, yorum ve tavsiyeler hiçbir şekilde yol gösterici olmayıp genel niteliktedir. Bu öneriler finansal durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak bir yatırım kararı vermek, beklentilerinizi karşılayan sonuçlar vermeyebilir.
H&S forming. Good R/R putting right shoulder as SLHike in interest rate = Dollar Strengthen = Commodities Weaken.
With Omicron Virus, with U.S. to sell 18 million bbls of oil from reserve on Dec 17 (Extra supply), we may see more downside for Brent.
Brn1This is my prediction on oil, seems legit.
The macd looks like its going to curl down
Vortex 5 looks like its going to go up making the bears in control
Thats not support is resistance lol sorry for the confusion, I just woke up.
oil bull oil retested the major down trend line. as long as we close the week above it, a new major uptrend will be confirmed on the long term. the release from the reserves just showed defeat for bidens green energy bs, that's why we got a pop on the news its an extremely bullish signal for oil. the population and industries are far from going green
BrentBrent oil has made a bearish reversal which can probably continue towards the 60 zone if, however, prices first exceed the 65.
US Crude vs Brent Crude - Arbitrage OpportunityShort WTI & Long Brent
NOW!
This trade can move 200% in a day - with the energy issue coming into winter in the Europe and Asia, this low price between the two crudes can not hold.
BRENT-DEC21 (4H) Bullish BreakoutHi Traders
BRENT-DEC21 (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 84.65 resistance level. Only the downward break of 82.16 would cancel the bullish scenario.
Trade details
Entry: 84.65
Stop loss: 82.16
Take profit 1: 85.97
Take profit 2: 88.32
Take profit 3: 92.15
Score: 8
Strategy: Bullish Breakout
Brent futuresFuel crisis in UK giving rise to an inverse head and shoulders structure. Looks like BRB, Breakout, Retest and Bullish continuation
BRN1 BRN1 okay we are triggered in lets see what happens with that order that got activated and the OB kiss
brent crude oilokay guys what we are looking here is a series of many possibilities which may take place ,we got an OB , FVG , HH (DOUBLE STRUCTURE KISS) also known as double top, a trendline kiss while may take place inline with the weekly OB..it just my view using what i know on this business.
Watch the price about pitchfork If you master to trade with volume and pichfork you will be a professional trader
brent timespreads moving upbullish for oil in september + q4.
china buying coming back
probably see $80-$85 oil by EOY
60.Expecting a move down to 60, especially if supply is maintained, price wouls remains under 65. Which is likely to happens since price is printing bearish candles on heavy supply.
If would show supply weakened while not breaking under 65., could expect a retracement back to 70.
Cheap Oil Isn't Green!Oil is going to boom like it never has before, we're going to see oil top $200+/barrel. This will be the result of several interacting factors.
Many soon-to-be vaccinated Americans with government stimulus in their pockets will the hitting the road for epic vacations in the coming months. The entire population has cabin fever, thanks to year-long pandemic lockdowns followed by a harsh, bitter winter. The spring/summer/fall of 2021 will be the summers of the 1960's and Route 66 on steroids. Many folks think they're gonna hit the road and stretch that $1400 as far as it'll carry them, but oil prices are going to put a damper on the drive. The sheer pent up demand is going to push oil very quickly to $75 at a minimum. We'll likely see $100 by early summer.
Biden hates oil, he killed the Keystone XL pipeline on day one in office and has been very clear about his negative sentiment toward pulling oil or gas out of federal land. This is only the tip of the iceberg.
Americans love and drive the wheels off of their behemoth SUVs. These vehicles get atrocious fuel economy and are without doubt viewed as a serious threat to the climate by the green-minded political party now in power. Many investors seem to believe that a simple government decree-- "Only electric cars by 20XX"-- will the the lever that shifts the population away from fossil fuel. So everyone buys Tesla and goes back to sleep. This is incorrect. The true behavior changing lever will be the price at the pump. Gasoline prices will be pushed so high that the only logical response will be to get back into hybrid, electric, or ultra efficient gas-burning sedans. This wave is coming. Governmental policies, taxes, etc, will drive Brent up towards $200 + over the next few years.
Top for this great Oil bull market since those negaSimilar extreme price activity in Oil.
One has to wonder if sometimes, the mood of one market has been transferred to others. It seems to have been a volatile emotional day all round. The difference in price behaviour on the day however, is that Oil has so far not seen any of the recovery equities achieved.
While Goldman Sachs has just come out with a $90 forecast this year, the forecast here is in exactly the opposite direction at $65.00. With further potential stretch risk as low as $61.50.
This forecast is based on both the price action behavior of the past week, what a reasonable correction to the huge trend from sub-zero would look like, and, the fundamental upheaval in OPEC perhaps freeing up production. While at the same time, demand could be foppish due to the extreme prices now being seen at the fuel pump.
The overall medium term upside pressure of the US dollar continued, reasserting itself significantly in New York.
Brent BRN1! front month futures. Time for a pause in the rally?Let's see if the wave can extend, it might be that where we are right now is about the limit of where we go on this stage of the rally
