UKOIL broke through the rising channel , which was only a pullback in terms of the global bearish trend . The price tested, broke, and closed below the psychological level of $80.00. The oil market could retest the resistance before dropping again, even though we can see a big red candle that indicates the start of a downtrend. We anticipate a bearish...
In my view we could see a 4$ correction to 82$ area and resume the bullish trend with final tp 97/98$
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the UKOIL pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
we have finally see that chat patterns works 90% of the time
Oil just formed a diamond pattern on the 2H TF and it's looking promising going all in now remember not to risk more than 5% of your account
UKOIL Very Strong Sustain Above 88.65 So now wait and watch for the Given Level
Oil is at the brink of taking whichever turn I suggest we all wait for a clearer picture before we know what to do
- Demand from China is soaring. - The US dollar index has recoiled. - Supply is not rising as fast as demand is. - I think recession fears are overblown. Where I live, people are traveling like crazy. - European Union will announce new Russia sanctions on February 5.
Brent Crude Oil : Multiyear(2015-2022) inverted Head and Shoulders triggered at the beginning of this year. Price broke the major downtrendline and subsequently iH&S neckline at 87 (lime) and then skyrocketed to 138. Now pulling back down to the neckline. We could actually see the backtest of the major downtrendline and dip into the S/R Zone 76-68. This would be...
UKOIL : Price Is Still Moving Down as Expected Yesterday during the TradingView Live stream I explained all the reason why OIL should move down and also the potential reversal zone. As we can see the price moved down since yesterday from 86 to 82. Also today the price broke down the structure and it created a new low. The price may continue to move lower...
My Dear Friends , Here is my todays forecast on UKOIL BIAS: Bearish ENTRY: 82.479 TARGET: 79.061 STOP LOSS: 84.111 ——————————— WISH YOU ALL LUCK
Oil is over ................ ................. ................. .................. ...................
UKOIL rebounded from the bearish trendline on the daily chart. Price was pushed back twice. Look left. Price action printed a double top, and it created the same pattern as before. We anticipate a trend continuation trade if sell opportunity presents itself. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
UKOIL - Classic bearish setup - Our team expects fall SUGGESTED TRADE: Swing Trade Sel UKOIL Entry Level - 82.162 Stop Loss - 85.198 Take Profit - 77.623 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
OIL : Price Is Testing A Critical ZONE The price has been trading below 88 since mid-November 2022. Over the last week, we can see that it is finally testing 88 again and it seems that this area turned into very strong resistance and decisive for the new direction of the price. If the price manages to break 88 this time, it will find more buyers to support...
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...
Last week, UK pension funds, which hold highly leveraged bond derivative positions, were facing a nearly $1 trillion loss as bond prices crashed and yields rose. The crash in the bond market has been underway for years, but the tipping point occurred when the UK prime minister pledged to cut taxes at a time when inflation is soaring into the double...
Brent accomplished the climb above the $86.06-mark and should continue to rise to finish the blue wave . Once completed, we see the course heading for a steep downwards slope to dip right into the green target zone between $77.13 and $42.20. Within the target zone, we expect the Oil to sink further to end the blue wave around the $62-mark, before rising back...