After a long absence from TradingView, here is a new update, related to the type of analysis I do every day on US Oil and UK Oil (although this type of analysis could be done on any market available on TradingView). In this video, I provide some basic explanations, mentioning the type of indicators used and how the information is put into context, in order to...
Brent has broken the strong resistance at 84.000 after few weeks of struggle which has formed head and shoulders pattern , and now heading to the next resistance level at 88.000 and based on my strategy I’m going to place sell order around 88.000 Chart explain better. This is not a signal it’s my opinion.
Preferred direction: BUY Comment: After a very long accumulation in oil, most likely the buyer is ready for the long-awaited growth. According to the results of yesterday's trading, the price was fixed at the highs, which indicates the strength of the buyer against the backdrop of growing market sales. In this regard, we maintain a strong buy priority towards...
In this live trading session video,we look at current live open and closed positions on BRENT,GBPUSD and EURUSD and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
With Brent crude reaching four-month highs, let's delve into the factors propelling this surge and explore potential trading opportunities. What’s Driving Oil Higher? A key catalyst behind last week’s breakout in Brent crude was the release of a report from the International Energy Agency (IEA), which highlighted a tightening market outlook for 2024. The IEA...
Daily - looks super bullish but in need of pullback. a single bearish day will do. volume has been drying up as we move to the long side. so we need a pullback and volume to start flowing in. Origin - outside value month means high probability of chop week. looks extended here too. ideally I would like price to pull to **84.63 - 83.36** or a deeper pullback to...
The price heading straight up to $95 to $118 per barrel. After breaking and retest of the downward trend, a double bottom chart pattern was spotted and a break of the neckline gave the final confirmation of the above future price respectively.
**Monthly Chart** UKOIL last month's candle closed bullish after it tested the demand zone in Dec 2023 around 70 levels. This suggests a continuation of the bullish trend at least to test the MC around 95 level. **Weekly Chart** Last week's candle closed bullish after Breaking the recent weekly high at around 84 level. The price might continue moving higher...
For reasons not yet explained apart from supply and demand... OIL IS IN TREND UP NOW... REALLY BAD FOR INFLATION GLOBALLY!
Am going to heist the Crude Oil at bullish side. This is my plan to Loot the money in this method. I set my Buy Stop at Pivot line. when it trigger Golden cross my loot will start.
In this live trading video,we explore the 3 lessons that we learnt on missing the Brent oil trade. You can cross transfer these principles on any strategy.
Brent crude oil The horizontal line can help oil rise as shown on the chart After the recent oil data appeared, which confirmed a reduction in inventories, and with the continued Russian threats, oil will continue to rise
Short term prediction for 11-12th of March. Last Friday the 4hour candle closed out of tunnel. I would expect that it goes down towards 81.5(or around it.) It might do a manipulation move towards back to the tunnel. Or even it might do a hawkish move.
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
Brent oil is on a very strong horizontal line and we have very important data for oil, so we expect the data to appear negative for oil and begin to decline from 83.30 to 83.80, and the target will be at $81.
if the volume holds like this on Oil. I will look to buy it on the next candle. this is a regular CPR entry with an additional confirmation of footprint
Looking at the technical picture of EASYMARKETS:BRTUSD on our daily chart, we can see that the commodity is currently trading in a small range, roughly between the 81.83 and 83.98 levels. At the same, on the bigger picture, the price remains between two trendlines: a short-term upside support line taken from the lowest point of December 2023 and a downside...