Possible movement path of #brent_oil: #Brent_Oil will probably grow from the support area (green) to the first resistance of $95.91 (red) until June 2024. The rest of the resistances (red) have also been identified. #oil #Brent
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
Pivot 78.40 Our preference Long positions above 78.40 with targets at 79.40 & 79.90 in extension. Alternative scenario Below 78.40 look for further downside with 77.70 & 77.10 as targets. Comment The RSI calls for a bounce. Supports and resistances 80.60 79.90 79.40 79.07 Last 78.40 77.70 77.10 Number of asterisks represents the strength of support...
Brent crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $83 and $85 as wave C. The main and important support number and range is 76 and 77 dollars.
Brent oil ABC wave The beginning of the rising wave C Main support $77 Target 83 and 85 dollars It's not beautiful...!
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
OPEC Forecasts an Increase in Oil Demand in 2024 Yesterday, the monthly oil market review was published: → OPEC expects global oil demand to increase by 2.25 million barrels per day (b/d) in 2024, representing a 2.2% increase compared to 2023. → In 2025, OPEC predicts a demand increase of 1.85 million barrels per day, reaching 106.21 million barrels per day....
Brent oil now are in a 15 supply zone I expect to go down and after that there will be a buy situation.
Preferred direction: SELL Comment: Sell-deal by oil is also relevant. Recent events in the OPEC arena did not have a positive impact on oil, and the decline continued. At the moment, the transaction has been moved to breakeven, and part of the profit has been fixed. However, on Thursday, there is a good opportunity to take a closer look at short-term...
Pivot 77.50 Our preference Long positions above 77.50 with targets at 78.60 & 79.15 in extension. Alternative scenario Below 77.50 look for further downside with 77.05 & 76.50 as targets. Comment The RSI calls for a bounce. Supports and resistances 79.75 79.15 78.60 78.23 Last 77.50 77.05 76.50 Number of asterisks represents the strength of support...
Preferred direction: Neutral Comment: There is no particularly interesting situation in the medium term for oil yet, but we can say that there are still more signs of sell. After all, the instrument is in a downward global trend. The current accumulation after a small downward impulse is filled with purchases (long-orders), that is, there is a resource for...
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
Brent D1 - Update* After breaking through the trend line, the price was unable to gain a foothold behind the line, which may lead to further downward movement when the lower line is broken. For shopping, nothing changes dramatically. Globally, the levels that the price can reach are 92.04 If a downward movement is realized, the levels can be considered at a...
When oil breaks the low there is high possibility to fall down sufficiently. Sell stop for WTI/Brent. Good luck if trading.
Oil is not looking good on the chart, i'm still shorting it unless $83,83 is taken out. All major indicators are bearish for oil.
Wedge forming from downward push... Sell UKOIL till next liquidity range 76.50
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
The depicted zones are critical for #UKOIL (#Brent_Oil_CFD) .The price can react to them and can be entered in short position. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.01/15/2024