Brent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of...
**Monthly Chart** UKOIL last month 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** UKOil weekly chart shows bullish momentum although it has been moving in consolidation mode for the past three weeks. Last week's candle...
Looking to go long at the break and hold of 83.28. better if price dips to the zone 82.80 - 82.60 and gets absorbed there
Oil had an accumulation phase and now in consolidating at the edge of the box; i would wait for a nice bullish candle to enter but cannot deny the bullish dominance on this chart
Wait for the formation to break before making any trades. That said, it does look like Oil is setting up to trade higher. Maybe as high as the recent swing highs?
Hello everyone! we're turning bullish on BRENT! - Here's my view on BRENT : - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend.ù stay cautious. That's why I see GOLD rebounding in the zone and dropping! 🚀 If you liked it and want more, don't hesitate to...
After some OPEC Plus countries continued to extend the decline in oil production for an additional month, we expect Brent crude oil to continue the upward trend and begin to rebound from 82.40 all the way to 86.10. Good luck
Hello everyone! we're turning bullish on BRENT! - Here's my view on BRENT : - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend.ù stay cautious. That's why I see GOLD rebounding in the zone and dropping! 🚀 If you liked it and want more, don't hesitate to...
Pivot 83.10 Our preference Short positions below 83.10 with targets at 82.30 & 81.80 in extension. Alternative scenario Above 83.10 look for further upside with 83.60 & 84.00 as targets. Comment As long as the resistance at 83.10 is not surpassed, the risk of the break below 82.30 remains high. Supports and resistances 84.00 83.60 83.10 82.74...
Oil can move upwards by hitting the entry point OANDA:BCOUSD
UKOIL reached resistance, and it pulled back from it. The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control. Price broke and closed above the resistance at 83.00. We expect bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
UKOIL Oil continues to fall amid concerns about demand and interest rates in America The latest data confirms that US interest rates will not be reduced in March This is negative for oil, with concerns about the demand for oil and also the cessation of the war Between Israel and Hamas and entering into a truce at the beginning of March
In this morning's Asian market hours, optimism about a possible interest rate cut by mid-year boosted the market sharply causing it to start unexpectedly strong, especially the oil market, including both West Texas and Brent crude oil in a tremendous price rally. Brent futures experienced a notable increase. At the start of the European session, an increase in...
Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can...
UKOIL Oil continues to fall amid concerns about demand and interest rates in America The latest data confirms that US interest rates will not be reduced in March This is negative for oil, with concerns about the demand for oil and also the cessation of the war Between Israel and Hamas and entering into a truce at the beginning of March We expect the downward...
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
Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can...
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