#Brent crude oil - H1 📣 Based on the chart structure in the 1-hour timeframe, with a break above the downtrend line around the 79.24 level, one can consider buying with a target of 81.00. ⛔ Stop Loss: 77.80 On the other hand, with a break below the 77.80 range, one can be optimistic about a price decline towards the 76.00 range. ⛔ Stop Loss: 79.24
On hi time from we can see a biger flag pointing to down wait for more information to go short
please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
📊 Due to the price approaching the supply range of $79.0 and the downward momentum of the price movement, if the range of 78.0 units is broken and the price stabilizes below it, the price may fall to the range of 76.6 🎯and in the case of the strength of the range of 74.0 units🎯🎯. 📊 Otherwise, the possibility of price increase up to the range of 81.0 units.
Area of Interest price for BRENT play out As concern for the increasing tension in the Middle East and the ongoing Russian invasion that could lead to the curb of the global oil supply, the price bounced from the AoI marking. . . Stay safe in these uncertain economic conditions X.CO
Waiting for the catalyst to either pull or drag the price down Let's see how London and New York play out, make sure to check the Geopolitical news that might occur in the meantime. . . Be Safe X.CO
UKOIL broke the ascending channel and went down. The oil market is likely to create a pullback from the support level. We anticipate a continuation of the bearish trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
UKOil tested swing high and moved aggressively lower. This week I will be looking for a selling opportunity to take this pair lower on smaller timeframes. Look at the chart markup for more details.
According to the strong downward momentum of the price movement and selling pressure in the market, if the range of 76.0 units is broken and the price stabilizes below it, the price may fall to the range of 74.8 and in the case of the strength of the range of 73.0 units. Otherwise, the possibility of price increase up to the range of 79.0 units.
UKOIL bounced off the resistance at 84.00 and the 127.2% fibo extension level. Price created the bearish harmonic pattern after breaking out of the descending channel. The current trend on the D chart is a pullback against the major trend. We anticipate a pullback and bearish move. ------------------- Share your opinion in the comments and support the idea...
As we can see on the 3h chart of (bCo - brent C O) , it is clear that 12 and 12 is done so we need 1 flag and then the price should go down to the second 12 low price around 71.347 $ (calculated by low low symmetry on NDS strategy.
UKOIL looks to be in an extending diagonal formation with an expected upside target of $93-$95. Invalidation to this idea is only possible with a break below $75.07. These are my thoughts. Tell me your ideas on this in the comments.
please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
In the four-hour time frame, the trend of the price movement is upward, but due to the compression of the price movement and increasing selling pressure, if the upward trend is broken, the price will move downwards and the price stabilizes below the range of 81.5 units, the price may fall to the range of 80.6 units, and in the case of strength, the range of 79.2...
This is my personal opinion and observation. it is not financial advice..
Oil Jumps as US Military Base in Jordan Attacked The Middle East powder keg came into sharp focus again this weekend following a drone attack by Iran-backed militants on a US military base in Jordan. President Joe Biden reported three service members were killed in the attack. These casualties mark the first time US troops have been killed in an attack in the...
Yersterday i had the opportunity to look at my charts. Saw a perfect textbook analysis demonstration of the Topdown Analysis. i can Help you Just like comment and hit me up lets chart.
Brent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in...