I've been bullish on FX_IDC:USDBRO ever since it traded above its 200EMA. Bought few contracts, rode the trend from $43 to $69. Last week Brent closed above $71, looking back, this was/is an area of value. Now that the price is above $71, I'm bullish once again, targeting the $85 region, with a stop below the 50EMA.
It was too much for today sell in ~ 64.50
Hi Traders Brent /UK Oil (H4 Timeframe) A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario. Trade details: Entry: 65.51 Stop loss: 65.03 Take profit 1: 67.83 Take profit 2: 69.59 Take profit 3: 72.46 Score: 10 Strategy: Bullish wave LL TF
+Tendency: Upward, to take (63.30) & (66.10) +Retest: But in the yellow zone (triangle) will make retest till 59.60 +Contrary: Stabilize under 59.30 will get 56.60 & 55
Potential correction at fibb 61.8% After correction price can still follow the trend Trend: UP Ichimoku: UP Stoch: After overbought for more: www.invesery.com Last news: vesting.com -- Crude oil prices weakened Thursday amid concerns about fuel demand as the pandemic continues after U.S. inventories posted an unexpected rise last week. By 9:45 AM ET (1445...
Many are expecting a correction in BCOUSD after impulse 5 waves. One way of playing Long is to place Limit Buy orders at the potential entry points. Selling January Put options with strikes 44 and 46 could be a viable alternative. It makes sense to set the amounts of each option as 50% of total position. What if correction won't happen or strike levels won't be...
BRENT CRUDE OIL LONG-TERM TARGETS: 53 - 76 - 113 - 136
Recently, there has been a lot of news about the fact that oil futures have recently doubled after the last fall, that JP Morgan has earned a couple of billions, and so on and so forth. It is a rumor that oil will fall again to $ 20 per barrel, I honestly do not really believe in this scenario, since oil is not only a trading product but has a certain influence...
Triangle formation, will TVC:UKOIL CURRENCYCOM:OIL_BRENT break the triangle and move upward. Stop Loss at 40.00. Initial trade today at BUY at 40.80 stopped at 40.30.
Let's see if Brent TVC:UKOIL passes trhough 40.83 with a target of 42.40. Stop Loss at 40.30
Lets see if the price squeezed in this triangle breaks and the bulls have the day...
BRENT OIL ($UKOIL): Demand For Oil is Back, But is the Uptrend? ✨ New charts every day ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Brent Oil (UKOIL, USDBRO, OIL_BRENT, BCOUSD) prices are seeing momentum again with Brent Crude forming an uptrend after an ugly start to 2020. Will we continue to see strength for oil, or will the lingering excess...
Net Buyers Trapped: 15 Cumulative Quantitative Power: 2775 Signal: Sell using the above parameters on the chart.
Analysis and odds: - Downtrend broken - SMA500 (strong resistant) is turned support - If 1h candle close above 27.84 I'm expecting PA moves to 30.6