Mid-term Brent oil analysis There is a possibility that the market will enter an upward ABC correction wave The main support range is $75,000 The target range is $84,000
Hello. Mid-term Brent crude oil analysis Due to the breaking of the upward trend line, the market is likely to enter an upward corrective ABC wave The main support is the range of 74.300 and 75.300 Target and resistance range of 81,300 and 83,300
UKOIL rebounded from the support level. Price decelerated while approaching the support level. The market has reached a significant level on the daily chart, so it makes sense to buy the market. We expect a bullish move to potentially break out of the descending channel. ------------------- Share your opinion in the comments and support the idea with like....
TA normally considers a trend to be active until there’s evidence that it has ended, so further losses seem to be possible for oil in the medium term. However, the price recently made a higher low and doesn’t show any sign of buying or selling saturation. The main dynamic resistance in the short term which might cap gains is the 50 SMA around $80, also a...
We've all seen how oil reacted to the beginning of the Israeli-Palestinian conflict. I am sure that this conflict will not settle down quickly and will only increase. The conflict will involve other players in the region - Emen is proof of this fact. How will oil react to this? The suspension of supplies and other problems with oil supplies will provoke demand...
Uk Oil good support return to around $100. oil can hold support, so return to $100 as FED hold interest rate un change.
UK BRENT OIL New forecast The price of Brent crude oil contracts rebounded strongly after the price found it difficult to overcome the resistance of the descending channel, breaking the 76.16 level and incurring noticeable losses that reached 75.20, which puts the price under expected negative pressure during the coming sessions, on its way to visit the 74.10...
Pivot 76.90 Our preference Short positions below 76.90 with targets at 75.10 & 74.70 in extension. Alternative scenario Above 76.90 look for further upside with 77.60 & 78.20 as targets. Comment As long as 76.90 is resistance, likely decline to 75.10. Supports and resistances 78.20 77.60 76.90 75.81 Last 75.10 74.70 74.00 Number of asterisks...
FX:EURNZD EIGHTCAP:UKOUSD FX:GBPJPY
Preferred direction: SELL Comment: Buyers managed to overcome the resistance at 76.30 , although we assumed that the instrument would form a balance and then attempt to grow. At the moment, the instrument can correct downwards towards the level of 76.30 , but there is, of course, an option with even deeper growth, and then a fall. The best option would be...
UK BRENT OIL New forecast The price of Brent crude oil futures bounced significantly lower, breaking the 78.32 level. We note that the price begins today with more negativity, breaking this level and trying to hold below it, which stops the proposed positive scenario and puts pressure on the price to resume the downward trend, heading towards visiting the...
UK BRENT OIL New forecast The price of Brent crude futures presented additional negative trading yesterday to retest the support at the 78.32 level, and we notice that the price consolidated above this support, waiting for positive momentum and stability above the 78.87 level to open the way for the price to reach the 80.00 level and extend to the 81.27...
Hello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering...
In the four-hour time frame, due to the slowing down of the upward movement momentum of the price and the decrease in the strength of the buying pressure, if the range of 79.0 units is broken downwards and the price leaves the upward trend, there is a possibility of the price falling to the range of 77.7 and in the case of the strength of the range of 76.0...
Recent trend in the oil price has turned bullish and I'm looking for a continuation of that bullish momentum. Looking for price to test 61.8% fib level and previous demand zone. Will look for consolidation and signs the short term bearish move has come to an end to enter a long position.
Looking for a break and hold above the descending wedge and take a long for a 2-1 risk ratio.
After the holidays, looks like Oil is taking a dip. Taking a quick scalp down to the $79 range
Financial markets are experiencing a traditional decline in trading activity associated with the holiday period. Notable events: → the S&P-500 and NASDAQ-100 stock indices updated their maximum for the year after the holiday Monday, thereby confirming the idea that the decline on Wednesday, September 20, was in the nature of a correction. Santa and his rally do...