UK BRENT OIL New forecast The price of Brent crude futures presented additional negative trading yesterday to retest the support at the 78.32 level, and we notice that the price consolidated above this support, waiting for positive momentum and stability above the 78.87 level to open the way for the price to reach the 80.00 level and extend to the 81.27...
UK BRENT OIL New forecast The price of Brent crude futures shows additional positive trading, approaching the support at 80.00, waiting for a further rise to reach 81.27, which represents our next positive station and extends to 82.11. Therefore, the bullish trend scenario will remain valid and effective for today, keeping in mind that breaking 78.87 will put...
Daily/4h time frames analysis for Oil. Price action, important key levels. Potential scenarios & thoughts. ❤️Please, support my work with like, thank you!❤️
UK BRENT OIL New forecast The price of Brent crude futures rose in yesterday's trading after reaching the support level at 78.87, then rebounded downward and settled below, waiting for the resumption of the main downward trend, heading towards achieving negative targets starting at 76.57 and extending far to 74.10. Therefore the downward scenario will be...
UK BRENT OIL New forecast The price of Brent crude futures succeeded in an upward correction after reaching the 76.57 level and rebounding from it. Let us favor the downward trend as long as the price is trading below the previously mentioned level to targeting the levels 74.00 and extend to 72.90 . Therefore the downward scenario will be remain valid and...
WTI Crude Oil keeps falling. After a completion of a correctional movement, the market dropped again and violated a key horizontal support. After a breakout, the price formed a narrow horizontal range on an hourly time frame. Its support breakout is an important intraday confirmation. We can anticipate a bearish continuation to 67.3 level now. ❤️Please,...
UK Brent Oil New forecast The price of Brent crude futures suffered strong losses yesterday, as it broke the level of 82.11 and fell sharply and reached the level of 80.00 and stabilized near it, paving the way for achieving further declines expected during the coming period, and by exceeding the level of 80.00 it will open the way for the price to head...
Another Good News to the World. Any close below 74.60, as per 3Months chart, #Brentoil will fall to minimum 64$, below that 42.12. Unless these levels are not tested, Brent oil won't make new high or another Bullish Move
Brent crude oil looks to have made the 1st leg lower in a new long term downtrend Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
WTI Crude Oil is consolidating within a range on a daily since the beginning of November. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 80.85 - the upper boundary of the range, I will anticipate a growth to 82.50. Bearish Scenario In case of a breakout of 72.20...
Initially postponed due to member disagreements, the OPEC+ meeting is now set for Thursday. Discussions are poised to delve into the consideration of deeper oil production cuts. Analysts foresee the potential extension or intensification of supply reductions into the coming year to stabilise oil prices, which currently hover around $80 a barrel. While the...
Last Monday we posted our weekly price prediction for Brent Crude Oil. The chart above is our analysis. You can see further analysis in our previous post. Our price prediction for last week was between $78.00 (Min) and $87.50 (Max). As you can see from the chart below our analysis proved true. The price stayed within the range. However, it followed the bearish...
Oil Brent D1 - The price has formed a triangular formation, which may mean that if it fixes beyond the lower line of the triangle border, the price may continue to fall further along the trend and further reduce the price to the levels of 70.19 When fixing behind the upper trend line, the price may reverse and begin to rise, since a 3-wave structure may...
UK BRENT OIL New forecast The price of Brent crude futures rose sharply in the past sessions, reaching the top of the descending channel and confirming the continuation of the dominance of the downward trend in the immediate term, paving the way for achieving additional gains starting at 80.00 and extending to 78.87. Therefore the downward scenario will be...
USOIL pullback on H4 likely targeting the trendline where sellers are waiting to push the price down again! N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
Due to the powerful influence that the Brent oil price had on the red cloud It is expected that this chart can surprise us with another upward movement
UK Brent Oil New forecast The price of Brent crude futures continued to rise in the past sessions to approach the 83.17 barrier, as the price is testing this support, and therefore, breaking the 81.34 support will activate the negative impact and push the price to resume the downward corrective trend, heading towards visiting the 80.00 and 78.87 areas in the...
Oil Brent W1 - The formation of a 3-wave structure continues D1 - The price has reached 161 lvl. 3rd wave, which may mean further movement down to level 200 - 261 H4 - The price is in the correctional 4th wave, you can see the formation of an ascending channel. If the lower trend line is broken or fixed behind it, further sales to the levels of 75.4 can...