BrentThe price of oil made a strong downward movement after the decision on the maximum price of Russian oil came into force. In the near future, the oil market will be saturated with news. In turn, Russia stated that it was not going to put up with this decision, and according to the authorities, it is preparing three scenarios for retaliatory measures! Today, the price of oil fell below $80, and this is the lowest price since the beginning of the year. Let me remind you that oil prices soared after Russia launched a full-scale invasion of Ukraine. Today is the day of indicators on the volumes of crude oil and oil products, so the day will probably be interesting. I think that the price will still return to at least $83. But you need to understand that there will be a struggle for the price on the oil market now and the scenarios may be different!!!Longby TradingForProfitPro222
BRENT CRUDE OIL may drop in price by as much as -65%Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies. The world's economies have not yet recovered from the Covid-19, and here is another blow. Expensive energy will stop buying due to the excessive cost of production of "everything", the purchasing power of the population falls. Declining demand for oil will bring down the price. The fall in the price of Brent oil -25% in the coming months in the area of $78-80 per barrel will be just the beginning. But looking at the schedule, is striking the price zone of $36-46 to be a strong mirror level and this is -65% of the current price Maybe this is a fair price for oil, from where a total restart of the world economy can take place by purchasing cheap energy resources. Perhaps this is symbolic, but for the first time on the historical price chart of Brent, the zone of $36-46 was established as important when there were powerful geopolitical world changes: 1979-1980 - the Islamic Revolution and 1990-1991 - the collapse of the USSR Editors' picksShortby P_S_tradeUpdated 107107335
Steve's Gun2Head - Selling Brent Crude OIlTrade Idea: Selling Brent Crude Oil Reasoning: Bearish flag forming after breaking major support. Entry Level: 79.53 Take Profit Level: 76.53 Stop Loss: 80.53 Risk/Reward: 3:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. OShortby Signal_Centre2
7 resons to buy BRENT at this levelBRENT 1- the price reached support and resistance level 2- in H4 the price is forming a channel which is now at the bottom of the channel 3- if you follow the ichimiko school you will see the line is horizontal which means strong buyers are coming 4- we have confirmation on 5 min 5- we have price action 6- last one is the harmonic patterns is common now we have butterfly pattern which means a reversal 7- lastly lets not forget that we have a divergence RSI I think its a good level to buy because BRENT must retest the price at 82.50Longby morbidHead35173334
Brent Crude heading to $80?Given the optimism over China re-opening, oil is not doing great at all. Brent looks like it is heading to $80 a barrel from here. The latest weakness of course has a lot to do with the OPEC+ deciding against even steeper output cuts than those agreed in October. At the weekend, the group agreed to stick to its oil output targets. In October, the OPEC+ had agreed to cut output by 2 million barrels per day (bpd), or about 2% of world demand, from November until the end of 2023. The impact of a slowing Chinese economy on demand has hurt prices. There's also uncertainty about what the G7's price cap on Russian oil will mean for global supply. For now, all the uncertainty is weighing on oil prices. Given the breakdown of several support levels in recent days, a move to $80 looks increasingly likely next. But there's the potential for an even deeper falls if recession concerns intensify. That said, the downside should be limited thanks to the OPEC+ intervention, and the group's threat to cut more if required. By Fawad Razaqzada.by FOREXcom3
OIL BRENT Long from H4 OrderblockChoCh+Liquidity grab+Imbalance+Swing Low Entry: 81.80 SL: 80.90 TP: 87.14OLongby Assassin_capital1
UKOIL SellQ1 2023 Current competition between Russia and Arabs dumping their holding signals .. Off load ASAP. I view price will reflect soon. Be on the watch. I see no impact or no new tension escalating should arise soon. by reazosman1
Brent crude bearish sentiment Commentary: Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price. Brent crude : Last weeks gains can be viewed as a “corrective” bounce off the $81 support; since price has pierced below the September 26th lows at $82.30 may serve to keep alive the bearish price sentiment; downside potential spotted near the $79.7s while upside seems limited to $89.2 in the short term (5-25 days). Not investment advice. Past performance is not indicative of future results.Shortby Skilling1
Winter is going?Oil seems to be going down. The ELwave count shows that we are in the wave C of Y and the correction phase is in progress yet.Shortby nimamohseni1
Brent long term chartOn the monthly chart we can see brent short movement from 133$ moving in a falling wedge, my target 60$ area is 0.382 fibo retaracement of the bullish movement started @16$ and stopped @133$. So we can see the move from 133$ to 60$ a correction of the primary bullish trend started from 16$ so I expect from 60$ the restarting of the long term bullish trend with first target 160$ and 2nd target 180$ areaby mpd3
DeGRAM | UKOIL reversal pattern at resistanceUKOIL broke through the descending channel . The price action tested the trendline and closed below it. It failed to make a higher high, resulting in an H&S pattern. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM6614
Brent UpdateIn my view Brent falling will sto @82,8$ area where price inversion will start to target 93$ areaby mpd1
OIL PRICE WILL JUMP TO 300 US DOLLARThere are three main fundamental reason for this analysis.First of all, due to insufficient investment there will be massive lack of supply in next 10 years.secondly,Geopolitical tensions in Middle East will be definitely increased by coming Republican party in The Withe House.Third reason, Fed policy in recent 20 years have left no way except accepting 6% or 7% inflation each year.Longby Mohammadrezapourbehi113
Crude OilFRED:DCOILBRENTEU there is a potential bullish market structure forming. If I bought. I would go to a price take profit price of 98.00. Longby ShupingctUpdated 2
BRENT: Turn UPLet's start considering the situation on the oil market from the weekly timeframe gradually descending to the hourly. The global picture appears as follows – since 2008, quotes have been in a descending channel with a peak at $ 147 per barrel. In March 2020, pushing off from the lower border of the channel at $ 16, a medium-term uptrend was born, which lasted until September 2022, when the quotes broke the support line and dropped to $ 83. In September 2022, a short-term uptrend was born (point A), which lasted until November 7, 2022 (point B). The trend ended with the classic Head and Shoulders reversal pattern. The subsequent downward trend also did not last long - until November 28 and also ended with the Head and Shoulders model. It is important to pay attention to the level of resistance of the aircraft, which, according to my expectations, will be overcome with a subsequent goal – the neck line of the first model Head and shoulders. Have a good trade, guys Longby ArtCharting0
Brent Crude OIL (01.12.2022) InterdayCan see some higher highs on the daily we need to close above 90.5. Possible rejection of of that level and continuation to the downside. Longby federalAntelop49541
DeGRAM | UKOIL bearish opportunityUKOIL broke through the descending channel . The price action tested the resistance zone twice, then dropped. It failed to make higher high. Price is losing strength. The market is making a pullback on the larger scale of the bearish trend . ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM3310
Brent short term viewIn my short term view I see aretracement to 94/95 area then e test of 89$ areaby mpd1
Brent crude oil $155 in 2022The momentum from April 2020, in my opinion, looks incomplete, growth is likely to continue - the goal for 2022 is 155$ per barrel of Brent crude oil . ❌ STOP - 1w close <85$ Good luck in making independent trading decisions! Bye!Longby AnonymousTraderAcademyUpdated 113
XBRUSD BRENT OIL LONG brent oil is long now breaking the trend line and push the PRZ now we can open a long position on it what is your idea comment for us please Longby trade_Amir5