Daily and weekly charts are also bearish. Pivot 76.30 Our preference Short positions below 76.30 with targets at 75.10 & 74.45 in extension. Alternative scenario Above 76.30 look for further upside with 76.80 & 77.50 as targets. Comment The RSI is bearish and calls for further downside. Supports and resistances 77.50 76.80 76.30 75.59...
oil is in a combination structure now we are in Y pattern and its a diametric
UKOIL is in the bearish trend. It's trading in the descending channel. Price dropped below the significant level at 80.00 , which creates a confluence zone to short the market. We anticipate a trend-continuation trade from the resistance and 50% fibo retracement. ------------------- Share your opinion in the comments and support the idea with a like. Thanks...
I love trading Brent oil spot. I have marked Buy n Sell zones. I will try to trade only on these levels. Target will be at least 300-500 points from zone. Please like and share. Thanks.
Pivot 74.75 Our preference Long positions above 74.75 with targets at 76.20 & 76.80 in extension. Alternative scenario Below 74.75 look for further downside with 74.20 & 73.60 as targets. Comment The RSI advocates for further advance. Supports and resistances 77.50 76.80 76.20 75.57 Last 74.75 74.20 73.60 Number of asterisks represents the strength...
Crude Oil , Brent, per US dollar , is getting ready for near bullish reversal , Go long when you the price failing to break below 76.6 . So try to trade a divergence , reversal pattern , change of character , first breakout or bullish break of structure and so on
some bullish hope for me in chart. if it go down to that support box i will open long but my sl is daily close under 68
Hello there! I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market. Although I want to share my analysis with you, I want to emphasize that I do not...
I have been burnt trying to buy at higher levels so now we are here olny right I try again !!! There a a few things that are giving this set up a more higher probability, and hopefully we there is a push back up. Some fundamental events are also being taken into account when I was forming this idea.
UK Brent Oil New forecast The price of Brent crude futures suffered strong losses yesterday, as it broke the level of 82.11 and fell sharply and reached the level of 80.00 and stabilized near it, paving the way for achieving further declines expected during the coming period, and by exceeding the level of 80.00 it will open the way for the price to head...
Pivot 75.70 Our preference Short positions below 75.70 with targets at 74.10 & 73.00 in extension. Alternative scenario Above 75.70 look for further upside with 76.70 & 77.60 as targets. Comment Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited. Supports and resistances 77.60 76.70 75.70 74.74...
BRENT CASH Analysis 06/12/2023 The entry, exit and stop loss points are on the chart, 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 oil prices are flat during early Wednesday trading after touching a multi-week low the previous day. Investors remain relatively unmoved by the potential impact that the additional voluntary production cuts agreed by the OPEC+ members will have on the market. Since the last day of November, the price of Brent has dropped more than 6%, showing that the...
Another Good News to the World. Any close below 74.60, as per 3Months chart, #Brentoil will fall to minimum 64$, below that 42.12. Unless these levels are not tested, Brent oil won't make new high or another Bullish Move
We've been in a long wave 2 correction for the last couple of months, wave 2 has made a deep retracement, and we're now looking at the start of wave 3
The value area is between 76.5 - 78.5 Be careful about your RISK The target will be 84$
Brent oil prices hedged up slightly during early Tuesday trading but remain close to the two-week low touched during the previous session. Prices declined on Monday as traders questioned the impact of the additional voluntary production cuts announced by OPEC+ for 2024. With economic activity falling in China and the American economy showing signs of slowing down,...