Brent Crude Oil price is expected to consolidate between 93 to 100, with the main catalyst being China's Covid Policy. There were on-and-off hopes of China's reopening. However, we are still very much on the fence given the continued strict Covid measures in China. On the other hand, China did announce an easing of the measures, reducing the quarantine time....
With the help of support and resistance points, we can take long as well as short Brent crude oil against USD
On H4, with the price moving within the ascending trendline and breaking the ichimoku cloud , we have a bullish bias that the price may rise from the buy entry at 95.361, which is in line with the 23.6% fibonacci retracement to the take profit at 99.718, where the previous swing highs are. Alternatively, the price may drop to stop loss at 90.345, where the swing...
On H4, with the price breaking the ascending trendline and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 95.361, which is in line with the 23.6% fibonacci retracement to the take profit at 90.345, where the swing low, 100% fibonacci projection and 61.8% fibonacci retracement are. Alternatively, the price may rise to...
We're currently observing a downwards trend that should turn once the blue wave is completed. Thereupon, Brent should move above the $105.42 resistance into the turquoise target zone between $104.29 - $116.05. After hitting the target zone, Brent should turn and drop below the support at $83.61 directly into the green target zone between $77.10 - $42.16. After...
The price has been able to rise higher than the previous peak and this is one of the bullish signs. Price is likely to test the trend line, which I think can be crossed given the strength of the trend. Or continue to correct after the test and move from the $87 support area to the downtrend line.
UK oil UK oil analyze it is the same analyze we posted before and the price reached our tp2 . technically even the price 98.728 and 97.540 the direction is down trend and price will try to reach 92.715 but should break and stable under 94.500, if can break 92.715 then will reach 90.200 for any reasons if can price break and stable above 98.728 the direction will...
Preferably suitable for scalping and accurate as long as you enter carefully the price behavior with the drawn areas. With your likes and comments, you give me enough energy to provide the best analysis on an ongoing basis. And if you needed any analysis that was not on the page, you can ask me with a comment or a personal message.. Enjoy Trading... ;)
On H4, with the price moving along the ascending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 97.847, which is in line with the overlap support to the take profit at 105.207, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at 92.500,...
UK oil technically even the price 98.728 and 97.540 the direction is down trend and the target 96.263 , 94990 . for any reasons if can price break and stable above 98.728 the direction will be up trend and the target will be 100.375 , 101.872 .
Overall bullish trend although we might have one more pullback to 97.2. Big size entry tight stop loss
Hello and welcome to this analysis UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106. While CRUDE OIL at MCX has formed an Inverse...
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 98.418, which is in line with the 23.6% fibonacci retracement to the take profit at 105.207, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at...
Entry at 93.5 Sl at 90.5 Tp1 at 96.5, Tp2 at 99.5, Tp3 at 102.5 Remember, risk only 1-2% of your account!
On H4, with the price breaking the descending trendline and above ichomoku cloud, we have a bullish bias that the price may rise from the buy entry at 98.418, which is in line with the 23.6% fibonacci retracement to the take profit at 105.207, where the 50% fibonacci retracement and previous swing high are. Alternatively, the price may drop to the stop loss at...
If you can recall back Oct 20th Crude chart guidance was to monitor its retracement ended. We can also see there are red chip progressing during those rise period. So i assume if tomorrow crude future turn green, very likely it will goes beyond 100 here.
UKOIL - Classic bearish formation - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short UKOIL Entry - 98.506 Sl - 101.074 Tp - 94.580 Our Risk - 1% Start protection of your profits from higher levels. ❤️ Please, support our work with like & comment! ❤️
UKOIL is trading in the ascending channel. The market is heading to confluence zone where there are resistance and global trendline. The price action has bounced off the trendline several times before. If the resistance level rejects the price, then we can look for selling opportunities. ------------------- Share your opinion in the comments and support...