The course is very busy surging to old highs. We expect Brent crude to push gains towards areas around $90.88, before relaxing a bit. However, this should not last long as we see the price reach heights of above $96 in the mid-run. A good outlook!
Yes, the oil market is as bullish as it gets. Therefore, we are sharing our trading zone here. We expect the price to fall in this area and soar from there! Happy trading!
Crude prices continue their steady rise as the Brent crude benchmark is trading close to $77.40 per barrel. The July high is at $77.84 per barrel, well within arm’s reach. The rise in crude prices continues for the fourth consecutive day as investors digest the recent damages to the U.S. oil industry caused by two recent hurricanes. The damages were confirmed by...
Brent came down exactly as expected yesterday with EIA results not giving much reason for further increase. Formed a wedge during teh fall, expect price to retrace to around 72.3 today. nice quick opportunity there.
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
Brent Oil (4H) / Elliott Wave Update
Brent Oil (3H) / Two Elliott Wave Counts
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...