OIL UPDATE - SHORT TVC:UKOIL According to the combination of failur in upside movement and negative news around macro economy, i expect more decline for oil price .Shortby Amiri-CryptoTrader1
UKOILYou can see the possible scenario for the completion of price correction waves. We are completing C wave of YShortby imankohkan4
Analysis of 13-3-2023 1Oil : In European trade, Oil corrected back from a slight uptick. Sell executed on 81,219. This is also last night's low.by Probeleg0
Brent longNow it is time to move on to buy guys if you want more analysis pls followLongby Bekzodbey2
DeGRAM | UKOIL short opportunityUKOIL broke through the support level . The price tested, broke, and closed below the major resistance level of $84.00. The oil market is printing a triagle pattern. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM7720
UKOILThis line is support for oil, when this line break price decrease to under priceby shahabshafayyan20200
UKOIL / BRENT the line maybe is important line zone for buy or sell. note : my analysis and trading style is base on supply and demand , support and resistance . market structure, and price action. before entry I will wait and see how price approach and react to the zone. must waiting / look how price action (reaction) and market pattern when price come to the line zone before decide to entry at the line zone. if didn't have any good price action and market pattern. I will ignore the zone. "trade what u see on the chart and think (by logic) , do not trade with what u want or what u asked or what u hope (by emotional)" happy trading allby One_Im-JacK1
Break or Bounce?Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation. Shortby Swiing1
UKOIL // Triangle patternThere is compression in the triangle. Let's pay attention to the direction of the break.by aet612
brentmy hopes are with gas , prices will grow thy, but i REALLY hope not that big, i got 2 litre munchmonsterShortby ordinary_mexican_called_jose0
Brent Oil Fractal Repeat Roadmap July 2022So far it has followed the 2009/2011 recovery fractal very wellby NeonUpdated 115
Oil moves in an ascending channel? Brent oil needs to conquer the resistance of 200EMA at 89.60 before we can talk about 90ish price. A bit hefty upside due to some bearish divergence seen across indicators. More likely to stay neutral in the range 81.51-89.60. Yeah it is a big volatile range. by winfredwu0
Brent - target 94 in wave (2) pbWave (2) in crude is taking shape of a wxy structure where only C of y is left. I count 1-2/1-2 from 23/02 low. I expect to see a strong move at least to 90, then pb in 4 to 88, then up again to 94 target in 5 of C.Longby Vyaz0
Brent Confirm the Weakness Brent Confirm the Weakness after Close Under 84.700 , We may trade now in wave C that target level 70.20 …. close above 86.50 cancel this idea Shortby EwaveUpdated 113
#Brent crude - an important inflection areaThis analysis is done on a monthly chart so this could still consolidate and take some time to play out but just a few interesting points to note: (1) the 200 month moving average (green line) has acted as a support and resistance level for the price of brent crude for the last decade and a bit (looks to be supporting price action currently) (2) the 61.8 fib from the extreme April '20 lows and March '22 highs come in at around $77.60 where the market recently bounced from (3) resistance monthly highs in October '18 and October '21 seem to be now acting as support (change of polarity). (4) RSI 50 level holding on the RSI (5) Price candle action (wicks) on the monthly chart over the last quarter shows that the bulls are ready to buy into any weakness during the month (6) Not shown on the chart but if you look at the daily chart we are forming a flat top triangle which usually breaks to the upside which also has a target at roughly $100 Given the significance of this consolidation zone between 77 and 84 leads to a high probability that OIL will once again move higher after this consolidation phase is complete. Thus on a medium term view I would use any weakness in Brent crude to accumulate a position for higher levels with a medium target around the $100 mark If you look at seasonality data for Crude oil futures in the past, you can see it enjoys a favourable period from the end of February to around end of September. www.equityclock.com Longby MarcoOlevanoUpdated 1
BRENT Oil aims for a breakoutBRENT Oil is about to break through the 200-period MA. If so, we expect a strong upward momentum up to $86.00 per barrel. 🔼Trade: Buy BRENT 🎯TP: 85.0, 86.0. Longby ForexChampions0
UkOIL BUY ideathe overall trend it up we expect price to reverse from this level to continue upwardsShortby Kagaayi_Bryan0
UKOIL // Triangle pattern Resistance breakdown requiredAlthough there is a triangle formation on the chart, let's look for closures where I indicated with X.by aet611
TestPrince Hamlet is the title character and protagonist of William Shakespeare's tragedy Hamlet. He is the Prince of Denmark, nephew to the usurping Claudius, and son of King Hamlet, the previous King of Denmark.00:04by mpopova1
Oil waiting for good news75 is a good support for brent oil price. new data from world economic is not enough strong to push oil price up. channels are depicted and waiting for a breakthrough.by Zamani_Mehrzad1
easyMarkets Brent Oil Daily - Quick Technical OverviewBrent oil continues to trade between two trendlines, a short-term upside one taken from the low of December 9th and a downside line drawn from the high of July 28th. As long as the commodity remains between those two lines, we will stay neutral. If the downside line gets violated, we will start examining higher areas as potential targets, however, more buyers may join in if Brent oil jumps above the 89-dollar mark. Additionally, the commodity could also rise above the 200-day EMA, which also could be seen as a bullish indication. Alternatively, a break below the aforementioned upside line and an additional move below the 80.43 zone may attract more sellers into the game, possibly clearing the way to the 75.00 area. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. by easyMarkets3