Escalation Between Iran and Israel: How the Price of Brent Oil Reacts On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend. Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps...
Preferred direction: SELL Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89 , the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the...
Brent Crude Oil X Right Price: Lets find out where Brent is leaking from! Based on my previous numbers I did mention a bearish move on the way as the price I calculated created a bearish Neck & Shoulder pattern at $92 area! Now lets tidy up the numbers!. 2 area Brent require to visit first before we can do further expectation, even if does not go as low still...
If current and next 4h candle close behind the trend line we are in bearish trend. The main reason is inflation, nobody needs so expensive oil, it is very bad for economy. Many of us expected the conflict on middle east will push the price higher but as you see it doesn't happen.
Since the Start of the Week, Brent Oil Price Has Dropped over 4% At the beginning of the week, March 15, we wrote that the price of Brent oil could form a correction from the resistance level of USD 91 per barrel. Since then, the price has decreased by more than 4% due to a number of factors: → easing concerns about the escalation of the conflict between Israel...
Hello Everyone, Despite being below the 1D/1W PP, Brent appears to be a promising buy. Both the weekly and daily support levels are showing resilience. However, if these support levels falter, there's a possibility of revisiting the monthly support. TradeWithTheTrend3344
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
Brent Oil Price Did Not Rise Despite Iran's Attack on Israel As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and the fact of the strike could provoke further escalation in the region. However, at the beginning of the trading...
Brent Crude Oil I called for a potential base on 07 December. On the chart is also my proof of the call. The commodity has advanced from $75 to the recent high of $92.
📊 According to the buying pressure in the market, if the range of 91.5 units is broken upwards and the price stabilizes above it, the price may increase to the range of 72.6 units🎯, and if the range of 93.5 units🎯🎯 is strong. 📊 Otherwise, the price may decrease to the range of 88.5 units.
Crude Oil Brent Cash X Right Prices for Quarter 2, 2024: $91.632 $92.176 $92.723 $92.286 $93.220 $93.501 $93.570 $93.718 $93.856 $94.041 $94.035 $94.069 $94.196 $94.375 $94.864 $94.969 $95.266 $95.644 $95.854 Distribution price = $96.088, $96.510
Here are some bullish reasons for the UK oil market: Portfolio Shifts: As central banks reduce stimulus measures, investors are adjusting their portfolios. Energy and financial sectors are becoming more attractive after years of tech dominance. Oil stocks have already seen significant gains since the 2020 lows, and the transition of COVID-19 from pandemic to...
Ice Brent Crude Oil Spot prices for April 2024 as follow: First new support = $90.71 $91.14 $92.95. watch for trap from here: I have a concern in this area as data been manipulated during 2nd week December 2023 and this may create a bearish neck $ shoulder pattern as the formula is telling me this! If we pass the red flag area, then expect the next price =...
Due to the clearing of sellers in the local area, the price of oil at $14 is ready to rise again to this area and register a new ETH. "Beta version whale"
**Monthly Chart** Last month's candle closed bullish indicating a continuous uptrend move at least to the monthly MC of Oct 2023. This month candle opened near the high of the previous candle and resumed higher. **Weekly Chart** Last week's candle closed bullish, suggesting a continuation of the bullish move at least toward testing the previous MC candle...