OIL has started next leg of correction. It might try to touch trendline. The upmove from the previous swing low is corrective and it broke the 20 DMA. My stop is 20 DMA on closing basis or it breaches the swing high on intraday.
In my view Brent will test 78$ area before going above 100$
Oil Brent W1 - The price has formed a 3-wave structure, which may indicate a trend reversal, and if this scenario is implemented, it will be possible to potentially see the price at the level of 66.30. Judging by geopolitical data, due to the rise in oil prices and the growth of the asset, there was a local movement. To confidently enter sales, it is better...
Long term hold till $100 a barrel, technical and fundamentals are in sync, technicals are showing it is holding around certain area & currently it is just a pullback from my point of view & fundamentals are backing it as well
BRENT OIL The price of Brent reached our target and still running to reach 88.25 and above it will continue a bullish trend till 90.77 but if can stabilize under it then will drop again to reach 84.76 But stabilizing under 84.76 will support falling to get 83.53 and under it will get 80.92 Pivot Pivot: 86.16 Resistance Price: 88.24 & 90.80 support...
UKOIL is trading in the descending channel. Price broke and closed below the resistance level at 87.00, which creates a confluence zone to short the market. We can see the market has created a consolidation zone around this level, which means it's an important level. We anticipate a bearish move by completing the AB=CD pattern. ------------------- Share your...
I see Brent heading to the $70-80 range in November and December. I believe this will be driven by economic worries. I believe either the Ukraine and Gaza wars will de-escalate. I see cost of living like mortgages putting downward price pressure on house prices which will drag the stock market down. I also see Gold being priced too high because the norm is 15 and...
Viewing below on my chart analyst, you can see we are within a important price range for oil to make a high lower to continue this bullish trend back to highs. If price fails we will continue to sell to make a lower low
UK Brent Oil New forecast The price of Brent crude futures continued to rise to confirm the breach of the 86.68 level and stabilize above it, heading towards visiting the 88.38 level as the next main target. Therefore, we expect to witness further rise during the coming sessions, and breaching 88.40 will facilitate the price’s task to reach 89.55, while...
BRENT OIL The price of Brent reached the support line and now reversed, so it tries to stabilize at the bullish zone while trading above 84.76 to get 88.24 But stabilizing under 84.76 will support falling to get 83.53 and under it will get 80.92 Pivot Pivot: 84.76 Resistance Price: 86.89 & 98.24 support price: 83.53 & 80.92 Brent oil will move between...
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UK BRENT OIL New forecast The price of Brent crude futures traded with strong negativity yesterday, succeeding stably without support at 86.93. We note that the price broke this level and closed the daily candle below it, heading towards achieving a further decline, with its next target reaching 85.14 level, by breaching this level will open the door against...
Should be able to easily touch that white line weill see
Long for the Oil following uptrend. Please keep R&MM if trading. Good luck.
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UK BRENT OIL New forecast The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend. Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves...