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41 1 0
One last rebound from 72.50 in Brent Crude Oil

Brent crude had a dramatic 6% daily drop on Wednesday- The break of a long term up-trendline is a likely precursor to more weakness. Scenario A) Price rebounds from 72.50 support back towards 76 resistance. Bearish action resumes from 76 or price continues higher into range Scenario B) Price continues to fall below broken trend line with immediate break of ...

32 0 0
UKOIL, 1D Long
Brent Crude Oil Breaks Key Support

Last post: June 5th. See chart. Review: Price was being propped up by a pivot support zone and the daily 50sma. Update: Price has broken through support with an aggressive bearish bar on Friday. Conclusion: Price is within a support zone that we want to see hold strong. Any further weakness and we will look to cut out of our long trade. Any comments or ...

33 0 2
UKOIL, 1D Long
Brent Crude Oil Back at Support

Last post: May 30th. See chart. Review: Price was bouncing off support and heading back towards $80. Update: Bullish strength was short-lived and the bears have taken price back to support. Conclusion: We want to see support hold strong again and for price to break through $80 and then trend through to $100. Patience needed. Any comments or questions, do ...

43 0 3
UKOIL, 1D Long
Strength on Brent Crude Oil

Last post: May 27th. See chart. Review: Price is in a bull trend but was pulling back after finding resistance at $80. Update: Price has found support at a pivot level and we have seen strong bullish action today. Conclusion: A potential bull flag is possible but need a break and close above $80 and the May pivot high to confirm that. Any comments or ...

62 0 4
A great opportunity to sell in Brent Oil. don't miss it.

Midterm forecast: Although current trend is uptrend but we forecast a downtrend wave would begin in Midterm. Technical analysis: There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. The RSI ...

92 0 2
UKOIL, 1D Long
$80 Resistance on Brent Crude Oil

This commodity is featuring for the first time on our TradingView blogs. Current setup: Price has been in a bull trend since last year. Most recently, price broke out of consolidation in April and trended well to $80. Conclusion: Price is struggling to break through $80. We will be standing aside until a break and close above $80 to add more long trades. Any ...

Tickmill Tickmill XAUUSD, D, Long ,
65 0 3
May dismissal may breath new life into sterling

Oil market Oil traders have not yet decided on further price direction, but rather are looking for an excuse for pullback than for backing last week rally. According to Baker Hughes, the number of drilling rigs in the US increased last week while production reached a record 9.62M bpd. The most alarming part in fundamental picture of the US output was the pace of ...

36 0 3
Brent continues the rebound towards the target at 47.95

Brent continues the rebound towards the target at 47.95 BRENT- ADX / ADM -1.04% - TS 0.52% V. 2.8.4 - Intraday Levels for the 11/07/2017 ADM - Average Daily Movement - Intraday Levels Close to closing time ... if exceeded the indicated level On the CBU17 Contract - Sep '17 LONG if> 47.56 TP1 = 48.13 TP2 = 48.77 TP3 = 50.05 Stop Loss = 46.58 SHORT ...

XiNiaN XiNiaN UKOIL, 60, Long ,
31 0 4
UKOIL, 60 Long
Brent arrived at the 47 target, probably rebounding at 47.95

Brent arrived at the 47 target, probably rebounding at 47.95 BRENT CBU17 - Sep '17 CROC X1 - Supports / Resistors - Multiday (TF - 1H) R3 = 49.23 R2 = 48.81 R1 = 47.95 PIVOT = 47.48 S1 = 47.00 S2 = 45.18 S3 = 37.90

87 0 5
UKOIL, 15 Long
Long Brent

Long Brent, on RSI trend support on 4hr chart.

44 0 4
Brent Crude - On the verge of a new bullish phase?

Price has been consolidating/ranging between $58 - $53. Following recent tests of support levels around $54, price has formed a morning star candlestick pattern on the daily chart. Although this pattern is not at the end of a trend, price could see some bullish follow through in the next couple of days. I will be looking to get long on any pullbacks intraday, ...

12 0 4
BCOUSD @ 1h @ 51-53 were defended, now attacking 60 (jan`17) ?

Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron

QuantVox QuantVox CB1!, D, Long ,
31 0 3
CB1!, D Long

Weakening in the short-term, stronger in the long-run. In the scenario of a lower crude oil inventory and Opec and Russian Crude Oil Export cuts, we identify a trading opportunity for a long-term position. Brent crude oil could move back to the moving average levels of $53/bl to then reassume a bullish pattern. The crude oil market continues oversupplied just ...

SanktuaryMAM SanktuaryMAM UKOIL, 240, Short ,
28 0 0
UKOIL, 240 Short
Brent Breakout Retest

Brent crude looking like it is about to retest based upon the breakout we saw earlier in the week. I will be looking at the price action around the $47 handle to see whether we have tall wicks and other signs that prices are unlikely to hold above this level. Target will be $41.50.

36 0 2
Brent Crude Oil - Daily (Neutral)

Triangle pattern in Brent. Will be looking to trade a breakout by entering on a retest of support or resistance (role reversal), depending upon the direction of the move. Not much else to say here really - just a visual aid by which to look at price action in the coming few weeks.

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