I'm going for Speed Lines combined with Fibonacci retracement tool. Price is at a level of importance previous support now resistance. Uncertainty is our game so we should anticipate all possible moves the price can take and then trade the move with the highest probability. With what is going on in the world and social media still expecting Oil to go to $100 my...
Given the circumstances and technical looks, BRENT is about to sky rocket as it seems. This is a high probability trade for futures and option enthusiasts.
update BUY BRENT NOW ✅ STOP LOSS : 88.25 TAKE PROFIT : take profit will be when the trend comes to an end and will be shared with my vip members . Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn...
Preferred direction: SELL Comment: After the rally in oil, prices are most likely ready for a correction. The downward correction is expected to continue. Positions are considered from current prices with a view to approaching level 88. Presumably, after which there will be a pause and a likely continuation of the fall. Thank you for like and share your views!
XBRUSD prints more bullish price action as it currently trades at 89.55 . from H1 perspective, it could trade upto 90.88.
UK BRENT OIL New forecast The price of Brent crude oil contracts was not able to hold for long above the support of the ascending channel, trading negatively and heading towards a possible test of the pivotal support 89.55. The conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that...
Pushing off the lower boundary of the ascending channel, the price of Brent oil rose by more than 8% amid fears of an escalation of conflict in the Middle East, which should pose a problem both for the US economy, which suffers from high inflation, and for President Biden personally on the eve of the elections. The situation is aggravated by the fact that oil...
Technical Analysis 15-minute chart: On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term. 4-hour chart: On the...
💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a...
UK BRENT OIL New forecast The price perfectly fulfills my last idea. Brent crude futures price trades rebounded downward after failing to overcome the resistance that was formed at the previously broken support of the main ascending channel at 91.01, putting pressure on the 89.52 level and moving above it now, which pushes the price to return to the upward...
UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target . The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected...
In this tutorial idea, I have shown a custom numerological fib that can work as a support, resistance and buffer zone for local and global trend reversal. Also Gann, which indicates reversals in the trend and all this together can be used for both global and local work. Also we see that exactly from the high we have had 5555 days for the strong decline that is...
We'll be watching the 88.549 level. Price action above this level represents a Bull Bias, hence focus on Buy Entries/Setups.
UKOIL is moving to resistance at 91.00 and a fibo cluster. The price printed the AB=CD pattern. The oil market is approaching major resistance and fibo golden zone on the 4H chart. We anticipate a reversal from the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
This is an update of the previous chart , potential 260$ target according to this pattern
UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our target +144 pip . The price of Brent crude oil contracts achieved a strong breach to the level of 88.36 to reach the pivotal resistance level of 89.52 now, stopping the negative scenario and heading towards returning to the main bullish trend, noting that breaching the...