Oil Price Forecast: Watch These Key LevelsOil Price Forecast: Watch These Key Levels
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wa
UKOIL H4 | Price Rebounds from Overlap Support levelUKOIL is falling towards the buy entry, which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 66.96, which is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss is at 65.65, which is a
Shale Producers Can’t Survive This Drop
Brent Crude Oil OANDA:BCOUSD TVC:UKOIL NYMEX:MCL1! ICEEUR:BRN1! — Wave C Still in Progress
Main Idea
I expect Brent to retest the 58.37 low in the coming months as part of a corrective Wave C in a zigzag formation.
Technical Outlook
Price action remains bearish, with the market tradi
UKOIL H4 | Potential bullish bounce UKOIL is falling towards the buy entry which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 66.96, which is a pullback support that aligns with the 50% Fibonacci retracement.
Stop loss is at 65.01, which is a swi
Crude Oil BuysCrude Oil : The market has been consolidating in a clear range, showing accumulation. Equal lows were swept earlier, indicating liquidity grab and potential demand absorption. The recent price action shows higher lows forming into resistance, suggesting pressure building for a breakout.
Entry :
Brent Crude selling pressure below 6790The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6790, a prior consolidation zone. This level will be
UKOIL H4 | Bullish bounce off pullback supportBased on the H4 chart analysis, we could see the price fall to the buy entry which is a pullback support and could bounce from this level to upside.
Buy entry is at 66.97, which is a pullback support.
Stop loss is at 65.00, which is a swing low support.
Take profit is at 70.39, which is a pullbac
UKOIL H4 | Bullish riseUKOIL is falling towards the buy entry which is a pullback support and could bounce from this level to the upside.
Buy entry is at 66.99
Stop loss is at 65.64
Take profit is at 69.79
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable fo
UKOIL H4 | Bullish reversal off pullback supportBased on the H4 chart analysis, we could see the price falling towards the buy entry, which is a pullback support and could potentially bounce from this level to the upside.
Buy entry is at 66.57, which is a pullback support.
Stop loss is at 65.58, which is a multi-swing low support.
Take profit
XBR/USD Chart Analysis: Brent Crude Nears Its Lowest LevelXBR/USD Chart Analysis: Brent Crude Nears Its Lowest Level Since Early Summer
According to the XBR/USD chart, this morning (19 August) Brent crude oil price is showing bearish momentum, moving towards its lowest level since early summer (set last week). The key bearish drivers in the market includ
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Displays a symbol's price movements over previous years to identify recurring trends.