Brent. Way to $50s? Will divergence play out?UK Oil/Brent As we can see price is going down in descending channel. Bearish divergence is formed and signalling for lower targets. I will expect to reach region of $69 by the end of March and area of $57 by June/July. Let me know what you think!?Shortby Neminvesto222
Trend Bearish - BCOUSDTrend is bearish. After calculating LH and LL. See below Trade Price: 78.012 Stop Loss: 78.800Shortby irfan1360
OIL FUTURE Potential higher low and ascending triangle. Give me a follow check out my youtube Longby TTCTRADE110
OIL FUTURE Now I know it it's symmetrical i hate those two. Yes, I know oil looks like it's setting up for an ascending triangle on the 4H. But I think it's due a medium time frame rejection from this region. If it wants to put in a higher low on the daily maybe we will have to see. For this play, i reckon try to catch a wick up. Shortby TTCTRADEUpdated 0
Brent Crude Oil TargetsBrent oil, which has been in a downtrend for weeks, will break the trend if it closes this day above $86. If it continues this movement with volume, the target of $ 98 will be valid. As long as it stays above the $84 support, the positive outlook will continue.Longby YavuzAkbayUpdated 4
ANALYSE THE MARKET LIKE A PROStill bearish on crude oil and looking for selling opportunity, now on the H4 chart we see how price broke below the trend line and trading at $81 but there is possibility for the price of crude in the international market to drop to $70 and even $60 in coming months, and right now to be a seller in this market for more conservative traders might want to wait for a little pull back before selling. by tunde4u3601
SPOTBRENT /RR=3.7/big time down trend continiues effect of war decision of opec /RR=3.7/Shortby UnknownUnicorn34541162Updated 2
Brent Crude new ATH in 2025A pretty scary chart if #CrudeOil bounces off the RS flip and executes a measured move to new ATH, we could see a period of macro hyper inflation setting in at around 2025 with a scramble to sustainable energy and EVMs.Longby Realm_Ninja2
BCO Technical Analysis On a we weekly we have gotten close to our resistance level we can get the following two plays: price going up and closing above 86.149 on a weekly chart or we may get pullback where then we will have to evaluate longs for now i am bullish since levels held perfectly my entries are pullback after retest (roughly as demonstrated on the chart) Let me know your ideas on oil!Longby federalAntelop49540
a sell position in brentbased on pressure and power lines, tp and sl is shown. good luckShortby ashkanf1360Updated 0
Oil couldn't see above $100 for a whileCypher harmonic pattern: AB=0.61 XA BC=1.41 AB 1.27BC=$137 2BC=$468 shark harmonic pattern: ab=0.61 xa bc=1.6 ab 1.6bc=$171 2.24bc=$289 It seems oil is accumulating above $35 and under $140 to prepare for final target of the Cypher harmonic pattern at $468.Shortby HarmonicPitchforks115
Trade Of The Week Brent Crude ShortJupiter Pendulum was tagged red so we found a short setup at red shade as per Jupiter Pendulum Theory When the divergence formed and we got our signal candle, we had an entryby NickofJupiter4
BRENTsame situation as on GBPUSD graph... trend is in a strong downtrend. i will wait to retest zone and sellShortby Ta_ra_ra4
$350 OIL on the way$350 target for oil is coming. Long term channel is pointing to this target. Longby silversputnik1
DeGRAM | UKOIL short opportunityUKOIL broke out of the descending channel . The price tested the psychological and resistance level of $85.00, then dropped. The market made a complex pullback on a bearish trend . We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM8813
Bullish crude oilSetup: HOLP Reversal Trade rating: 4 Reward: risk: 4.3:1 Market conditions:Choppy I see a lot of long tails indicating buyers I have a limit order slightly below current priceLongby Kyle_Campbell0
Brent Crude Oil: Potential for a further corrective move higherCurrent price remains below its 40 week moving average (200 days) which indicates that the longer term trend is lower (100 days or more), however, the scope for a further near term (25 to 50) corrective upside rally from the November high - December low remains on the table, provided the key resistance near $85.05 can be overcome for prospective extension move towards the $91.66 (50% retracement from the 52 week high/low); downside risk seen near the $78.3 support. Longby Skilling3
BCOUSD or UKOIL ShortPlan: We will wait for the price to break the trend line resistance(4 h) And make any bearish candle stick pattern. Furthermore, we will wait for a confirmation candle as well. 2% risk can be taken as The setup has high probabilityShortby arsalankb322380
UKOIL: Bearish Reversal IdeaBearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at 84.23 • Seasonal Analysis shows UKOIL remains Bullish in December Month. Biased: Short Entry Short: 84.52 (Fib Level 78.6%) TP1: 0.68236 (Fib Level 61.8%%) TP2: 0.68085 (Fib Level 38.2%) Stop Loss: 86.20 Risk/Reward: 1:1.6 Shortby adnanmagsiUpdated 3
Need a low pump up! As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on its historical top resistance price 147 maybe!? I myself accept this scenario instead of break down the very long term white trend line and see lower price around 40 or even lower ?! How do you think???Longby Atareum-ir2
DeGRAM | UKOIL short opportunityUKOIL broke out of the descending channel . The price is getting close to the psychological and resistance level of $85.00. The market is making a complex pullback on a bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM6625
UKOILOil I think we looking to high becouse that rule of national against Russia about cost of their oil so we should look for high oil 87$ happen and have a little resist for make it down then we look after that to 94$ and the biggest support what I seen is 100$Longby Bestoonkarem0