Rectangle Formation has formed on Daily and it's anyone guess where it's going. On the bearish side, 3 Black Crows candles have formed as the price touches the medium beartrend line. We need to wait for a breakout before we do anything... Bull $120 Bear $67.65
Potential Ascending Triangle on Brent Crude forming. We are just waiting for the price to break up and out of the resistance and then the first target will be around $122... Moving Averages look good 7>21 <200
Cup & Handle has formed on Daily and now we are just waiting for the breakout of the brim level. 7>21 <200 almost perfect. We just need the price to cross above 200MA First target $122
I dont like brent but i like money and risk management is the key
The price has left the short-term downward channel with strength, it is likely to correct slowly and follow the up trend
This graph is a representation of my point of you of the futures market (USD).
This graph is a representation of my point of you of the futures market (USD).
unless the supply chain is stabilise I don't see the oil falling anytime soon from a technical and fundamental point of view, this is just an exercise of the forecasting part of the oil, currently a correction has happened, after the the final decision on the adhesion of Ukraine in the EU this might happen, depends on how soon
💬 Hi traders. I use the supply-demand method for my analysis. I expect the price will reach the red line. In the long-term, Brent will reach 120 $. 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
Crude Oil (ICE) Brent - "Big-picture" Bullish! A proportional countertrend retreat should set the stage for the next leg of the advance. It's way too early to get a read on a potential shape for Supercycle wave (b) , but it should last for years and potentially retrace as much as 90%-105% of the wave (a) decline. Stay tuned!
Beep beep, beepbeepbeep, beebeepbeepbeepbeeeeeep Brent seems to have afforded a parking assistant, judging by the neat way in which it has entered our white zone between $106.12 and $99.47 to finish wave c in blue and wave (B) in white. We expect it to turn around soon and to head for the next parking lot above $114.74, the green zone between $117.78 and $133.52....
UKOil Brent LONG - Buy Entry - H4 Chart Buy @ Market Symbol: UKOil Brent Timeframe: H4 Type: BUY Entry Price: Buy @ Market TP - Major Resistance @ 121.460 TP - Major Resistance @ 115.075 Major Support @ 106.786 Major Support @ 105.385
Brent has new support zone, This time it has big chance to reach $100. First target is $85 resistance. A lot of interesting things are waiting for us ahead!
Given the cold season and the fall, I predict that oil will continue to work ascending
BRENT Crude Oil opened with a bullish gap yesterday after the weekend, but it managed to cover it during the trading day and to revert back in long direction, although not managing to reach the levels of yesterday's open. The Upper and the Lower Band of the Bollinger Bands are moving closer together, which is an indicator that the BRENT had lost some of it's...
According to Ichimoku, we're definitely bullish on long term. Prices are perfectly supported by Daily Tenkan during their ascent. With a Fibonacci Extension, I think that $92 is a probable target to look at. If this one breaks, we could look at the 1.618 Extension, at $109.9. Will depend on the evolution of the situation in Ukraine. A possible fundamental...
After a drop to $69.28 per barrel Brent crude prices quickly rebounded to the upside on Wednesday touching $74.57. And there are several fundamental and technical reasons for it.First, gas prices in Europe skyrocketed to $180 per MWh for ICE Dutch TTF January gas futures on Tuesday, or by 22.7% in a single day. This lift off of gas prices also pushed crude prices...
Brent is looking good, and seems to have stabilised. I think we are good to do BUY now. target 1 = 75 target 2 = 80.