The Oil "belong to" UK finally reached 96.80 +/-. 2/Oct/23UK Brent Crude Oil finally reached 96.80 +/- as posted idea on 23/Feb/23. What Next to the "mother of all inflation"?
About CFDs on Brent Crude Oil
The Brent Сrude oil was originally produced from the Brent oilfield in the North Sea. About 2/3rds of all crude oil contracts around the globe include Brent Сrude oil, making it the most popular marker. Its relatively low density and sulphur content are the reasons why it’s described as light and sweet. One of the advantages is transportation since this type of oil is waterborne. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum and has a UKOIL ticker symbol.
UKOIL - Heading down price broke below support zone now currently retracing back to support now become resistance level. on 4H timeframe price is rejecting the 9 EMA and 20 EMA acting as a resistance.
UKOIL Wave AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #UKOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see
Newbie looking at possible rising patternLooks to me on the daily that there is possible movement to the upside. Demand has also increased due to a fear of lack of supply. Im Long for the time being.
DeGRAM | UKOIL in consolidationUKOIL dropped from the resistance. The market is in consolidation.
Price is trading in the ascending channel and creating a bullish harmonic pattern.
We anticipate a pullback from the support at 91.00 and a bullish move or continuation of consolidation.
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Share your opinion i
Historical 138 Years Price Guide138 years of price history for US Stocks Priced in Oil.
Uncanny 1999-2002 analog continues.
We all know what happened to #gold, #silver, #crudeoil and #uranium after that period.
Key notes:
1999 (peak spx priced in oil)
2020 (peak spx price in oil)
2002 breakdown
2023 breakdown
2007 (peak oil pri
UKOIL - rebounce on support ?oil has been ranging for the past 2 weeks and we can anticipate that price may rebounce from support zone 91.00 area
Strifor || UKOIL-09/29/2023Preferred direction: SELL
Comment: The bearish sentiment for oil still continues. We remind you that our last short trading idea worked 100%. Now the seller’s task is to break through the support zone around level 92. Most likely this will happen in the very near future. The more global target o
OIL Swing Trade Taking a little stab at Oil for the first time.
This kind of clean price action is really hard to ignore and not get involdved in.
Potential big sell off on the cards if the market resistance level holds.
Best of luck on the charts
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