Rising WedgeThe price has broken out of a rising wedge pattern, followed by a pullback and now the price looks to make a lower low, time to short
WE ONLY TRADE PULLBACKS
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Beyond the Chart - OIL Market Technical Analysis📉 Trade Idea CAPITALCOM:OIL_BRENT (Short Bias)
• Wait for price to retrace into the short FVG zone (around 66.60–66.70).
• Look for rejection signs (wick rejections / bearish engulfing / orderflow shift).
• Target the liquidity lows near 66.00 and possibly extend further if momentum stays bear
UKOIL H4 | Bearish reversal off 50% Fibonacci resistanceBased on the H4 chart analysis, we could see the price rise to the sell entry, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to the downside.
Sell entry is at 67.65, which is a pullback resistance that aligns with the 50% Fibonacci r
UKOIL H1 | Potential bearish dropBased on the H1 chart analysis, we can see that the price has reacted off the sell entry, which is a pullback resistance, and could drop from this level to the downside.
Sell entry is at 66.41, which is a pullback resistance.
Stop loss is at 67.10, which is a pullback resistance.
Take profit is a
Brent Crude another retest of resistance at 6900? The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6900, a prior consolidation zone. This level will be
WTI Crude support retest at 6200The WTI Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6540, a prior consolidation zone. This level will be cr
UKOIL H4 | Potential bearish dropUKOIL has rejected the sell entry which is a pullback resistance and could drop from this level to the downside.
Sell entry is at 66.770, which is a pullback resistance.
Stop loss is at 67.67, which is a pullback resistance.
Take profit is at 65.04, which is a multi swing low support.
High Risk
Bren Crude upside resistance at 6900The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6900, a prior consolidation zone. This level will be
Brent to FALL up to 62Key factors influencing the market:
Anticipation of the OPEC+ decision at this weekend’s meeting — a potential further increase in production could put additional pressure on prices.
Excess crude inventories in the U.S. — commercial stockpiles have grown, lowering demand expectations.
Weak econ
Oil Prices Rise on Geopolitical FactorsOil Prices Rise on Geopolitical Factors
As the XBR/USD chart shows, Brent crude opened this week’s trading around $65.70, but today the price is near $66.80 (around +1.7%).
Oil is being pushed higher by geopolitical factors, including:
→ Israel’s strike on Hamas leadership in Qatar;
→ Trump’s cal
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Displays a symbol's price movements over previous years to identify recurring trends.