UKOIl. Brent. Oil has been in a constant uptrend for months. The wave count concludes that this is the last impulse leg to the upside, after which we could see a bit of decline in the oil prices. This is currently the wave 4 correction in the form of ABC zigzag, which could complete near 100% of wave A. However, we can still use this bullish momentum to gain...
Against the background of neutral and even slightly negative news for it, oil took the path of a slight correction. There is a fall, but there is a strong level ahead, a support zone, I think that the price can work out this level in the form of a rollback or even a reversal along the trend. Remember, there is no place for luck in trading - only strategy! Thanks...
The price is in a strong upward trend. An attempt to break the channel down, the week closes below the level. I assume this will be a false breakout. My target is the upper border of the price channel Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
Thats my bullish chart setup. The bulls need buying pressure!!!
Previous we recommended banking 70% of the short (06 July, $76.86). Traders could now bank the balance as the price trades near a 1-month low. Original Ideas Attached.
The US inflationary data another piece showed that the situation continues to deteriorate rapidly. Manufacturing inflation showed the highest value in the entire history of observations. Naturally, after that, everyone listened with double attention to the speech of the head of the Fed, Jerome Powell, in Congress. Recall, before that, he was at the stage of deep...
Brent oil , now will make continuous movement to up, because general direction of brent oil is upward, slowly or rapidly, till getting 79.00 ———— Tendency: upward Entry: 75.35 Tp.: 77.40 & 79.10 Sl.: stable under 71.10
Waiting for market to break resistance to the upside. Will buy after retest buy confirmation. Just one or two bounces will let me know its go time. Patience.
Greetings, I hope everyone is having a great day. Brent has made a successful journey since March & I think if Brent breaks the red rectangle shape will reach $80 & I think then we will have a correction there. I’ll update after a daily close above the rectangular otherwise the price is going down. Regards. *Note: This is NOT a financial advice
I’m thinking to enter this low risk sell on UKoil. The main indicator for me is the bearish move down breaking higher low which suggest that bears are back in control. If this fails I will ok for another sell. We are talking about 860 pips. Obviously I would take some Increment profits as the move progresses.
Long term trendline resistance remains strong and unbreakable so far, thus I remain bearish with current setup. Cheers