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...
Strong sell signal
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
I see no reason to short oil. The decision area for me is about $ 23 per barrel, I focus on my broker quotes. I believe that a recession awaits the economy, but we are now closer to the moment of exit from the lockdown and the probability of an increase in oil demand is higher. Asian countries are beginning to come into normal operation, and for them, buying...
Hello everyone! Traders we do not like to write more. The prediction of the price you can find on a chart! Regards, Team Traders "Powerful Traders" brent
The oil price fall today , monday 20 2020 is at the highest for 20 years a whooping 104% drop on US oil will see investors loose 100% on their oil investments.. Fundamentally the USA and other counter parts are lacking facilities to store oil so its prices are dropping to zero and there's no where to go from there except up back to test the trendline so just buy.
Updating last scenarios I prefern bearlish scenario
Market analysis resembles a game of chess. The market is making a action, and we must give an answer. Here is my plan - in response to the latest oil market action.
Technically it seems brent crude oil making the double bottom and sentimentally the bulls doesn't wanna lose the ball out of its feet and defending it from bears. Overall at the moment seeing this price action technically we see momentum are in favor of bulls where stochastic just left the ground from the oversold zone. I assume this oil might have upward space in...
Friends, support this idea with your Like and any Comment. Thanks. I expect the start of price growth BRENT in the framework of the impulse wave C. Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room. You will find more trading ideas in SAV Finance community.
In this zone, I expect a BUNCH of bullish info-occasions into the oil market and bullish forecasts of energy organizations and OPEC. Thumb UP👍 if you agree with me! Although the United States and Saudi Arabia are already competitors in the oil market, they are in the same team in this zone and will do everything possible to prevent a strong collapse in oil...
BULLISH OUTLOOK. WTI and Brent Oil (UK Oil - British Oil) bounces up on OPEC output cuts story.