Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies. The world's economies have not yet recovered from the Covid-19, and here is another...
Brent detailing simple 4 wave and 5 wave in form of "EDT" Regards, Team Traders "PowerfulTraders" brent
Brent detailing complex 3 wave and it's extension Regards, Team Traders "PowerfulTraders"
BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.1% where a...
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... Best regards :) Aaron
Cure oil upside is very limited. Resistance is at $55. If it doesn't breach in a week or 2, we can go short on Brent.