UKOIL :The price starts to dropA good upward correction has been made, the possibility of a price drop is high.✨Shortby miladSMC0
DeGRAM | UKOIL confluence level for sellUKOIL is trading in the descending channel . Price is testing the resistance level and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support! Shortby DeGRAM5510
Brent Oil selling opportunityOn the H1 timeframe, the EU ban on Russian oil on December 5 sent prices spiralling, violating two support zones until it reached the 76.50 support level. Price tested this level multiple times before rebounding to the 81 resistance level. We forecast prices to fall to the 76.50 support level again, in line with the overall bearish trend. RSI is also in the overbought region, supporting our bearish bias. Shortby T3-Consultancy5
BCO/USD Technical Analysis Hello Traders! Based on the fact that we stopped without hitting a 72.0 level tells me that its is very likely that buyers who bought set out their sl on the next support. Furthermore, trend hasn't changed and what is happening is a pullback. Im looking to sell on two levels risking total 3% of my trade position. 82.3 and 86 are two levels of my interest for the short side. Shortby federalAntelop49540
Brent Crude - Buying the lower end of the channelUS CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Brent Crude Oil - Intraday - We look to Buy at 73.55 (stop at 71.05) Broke the sequence of 6 negative daily performances. Intraday, and we are between bespoke support and resistance 73.53-81.96. The 161.8% Fibonacci extension is located at 73.22 from 131.06 to 95.31. Preferred trade is to buy on dips. Our profit targets will be 81.95 and 88.72 Resistance: 81.97 / 88.72 / 88.79 Support: 75.30 / 73.55 / 73.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.Longby VantageMarkets1
OIL BUY SETUP Hi Everyone ! I think that the oil has found the bottom and I will start watching for buy. Thank you for your support ! Longby kristijanslatinsek6
UKOIL W5: 50% CORRECTION Strategic Outlook(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! UKOIL 2W: 50% CORRECTION Strategic Outlook(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: UKOIL 2weeks/candle chart ::: chart is LOG SCALE ::: setup still valid expecting correction ::: STRATEGIC OUTLOOK / long-term overview ::: recently rejection near premium prices ::: 115 USD/bbl was the MARKET TOP ::: market topped out for this CYCLE ::: BEARS maintain strategic control ::: 50%-65% correction in progress now ::: BEARS will target re-tests of premium prices ::: BEAR CYCLE Target 25-32 USD/bbl ::: so there's MASSIVE DOWNSIDE in here ::: Zero Covid Policy in China + new supply ::: from Venezuela - huge downside risk in the market ::: next 12-24 months limited upside as we are entering ::: global recession demand will slow down a lot ::: recommend to SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A fresh demand zone ::: N/A fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS / SUPER CYCLE ::: Sentiment outlook mid-term: BEARS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Shortby ProjectSyndicate222282
Brent Crude Oil A brief view I published late last week. Brent Crude Oil - Channel & Incline Support - Re-test of prior 8x21-EMA cross - Provisionally $73-$76 is a level of interest to carve out a short term and bullish reversalLongby techpers4
BOCOUSD-Brent OilBrent Oil: I don't think the downtrend is finished; I believe we will see lower prices on Brent Oil. However, I think the price has a correction or pullback to the trend line.by Ario_trader1
Brent updateIn my view Brent will rebound from 75$ to 82$ area then a nre dump to 72/73$ area where we coul see a temporary trend inversion to 86$ nd maybe 92$by mpd6
DeGRAM | UKOIL opportunity to buyUKOIL reached a support zone after a sell-off. The market is decelerating while approaching the support zone , indicating the bears are running out of steam. We anticipate a short-term pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM111118
The oil crisis has begunOn oil, we can see a huge declining channel on the logarithmic chart since the last crisis. This channel was tested and rejected in October. In mid-January, the channel was breakthrought and tested. If we want to specify a target, we move this channel up. According to the Fibo extension, which we will stretch from the low from 1998 to the peak before the crisis of 2008 and the low from April 2020 (daily open), we will reach a target of 310 USD. Note the bearish divergences on the weekly and monthly charts. These have been invalidated by the breakthrough and this is a huge bullish signal for the oil market. Longby Fox666Updated 3315
Oil, weak. Sasol?TVC:UKOIL is now trading below $76/pbl. Not much, it was one of those imaginary support levels. It might go to the sixties. How will JSE:SOL handle this? Shortby Trend_Trader_JSE0
Brent: Christmas Miracle ✅🎄We're finally seeing green! After waiting the whole year for Brent to reach the green target zone between $77.10 and $42.16, our British friend finally came through! We're expecting the course to sink a bit further to finish off green wave before heading back North above the $80.79-mark.by MarketIntel3
Oil close to supportOil should find support here. $74-$75. Least likely it breaks this level. by GreatMinds3
Brent short term viewIn my updated view current could stop @81.7 area then bearish trend will restart to 75$ area where a temporary inversion could start to target 84/85$ begore new dump t0 69/70$ by mpd1
Brent updateIn my long term view Brent is falling to 60$ area. I think that @75$ area a temporary bullish inversion will occur to test 85$ area then falling will restart to 68/69$ areaby mpd3
BrentThe price of oil made a strong downward movement after the decision on the maximum price of Russian oil came into force. In the near future, the oil market will be saturated with news. In turn, Russia stated that it was not going to put up with this decision, and according to the authorities, it is preparing three scenarios for retaliatory measures! Today, the price of oil fell below $80, and this is the lowest price since the beginning of the year. Let me remind you that oil prices soared after Russia launched a full-scale invasion of Ukraine. Today is the day of indicators on the volumes of crude oil and oil products, so the day will probably be interesting. I think that the price will still return to at least $83. But you need to understand that there will be a struggle for the price on the oil market now and the scenarios may be different!!!Longby TradingForProfitPro222
BRENT CRUDE OIL may drop in price by as much as -65%Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies. The world's economies have not yet recovered from the Covid-19, and here is another blow. Expensive energy will stop buying due to the excessive cost of production of "everything", the purchasing power of the population falls. Declining demand for oil will bring down the price. The fall in the price of Brent oil -25% in the coming months in the area of $78-80 per barrel will be just the beginning. But looking at the schedule, is striking the price zone of $36-46 to be a strong mirror level and this is -65% of the current price Maybe this is a fair price for oil, from where a total restart of the world economy can take place by purchasing cheap energy resources. Perhaps this is symbolic, but for the first time on the historical price chart of Brent, the zone of $36-46 was established as important when there were powerful geopolitical world changes: 1979-1980 - the Islamic Revolution and 1990-1991 - the collapse of the USSR Editors' picksShortby P_S_tradeUpdated 107107335
Steve's Gun2Head - Selling Brent Crude OIlTrade Idea: Selling Brent Crude Oil Reasoning: Bearish flag forming after breaking major support. Entry Level: 79.53 Take Profit Level: 76.53 Stop Loss: 80.53 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. OShortby Signal_Centre2