In my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea: Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March...
In this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis,...
Oil prices are climbing to the Upside as the positive developments for a Vaccine that could be rolled out as early as next month, is extremely positive for the demand outlook for Oil in 2021. We look at entry price, stop loss and upside targets. One month ATR Stop Loss included.
on DAILY: BRENT OIL is approaching a strong resistance and GAP zone so we will be looking for objective sell setups on lower timeframes. on H1: OIL is currently trading inside our orange channel, so we are waiting for a new swing to form around our lower orange trendline to consider it objective and enter on its break downward. we also have a regular bearish...
In this video update, we take a look at Brent Crude Oil as the price looks likely to begin a new phase on the monthly timeframe. The monthly candlestick high has already been taken out suggesting we could see some further upside to come. Technically we would want to see the daily candles close above the recent daily highs for the market to then use as support...
In this video update we talk about how Brent Crude Oil could continue moving lower if it can hold below the key support at and lows at 70.44. We have been trading short from the highs and looks like price will continue further despite the market looking overextended to the downside.