Brent oil is the benchmark by which the bulk of the 100 million barrels of crude oil traded each day is priced.
Brent plays a unique role in the global oil industry as a benchmark crude oil on which most other types of crude are priced. If you want to invest in Brent oil, you can continue reading our article for answers to questions such as "What is Brent oil?",...
Prices are moving in a narrowing channel. If the prices can be permanent with the trend support passing through the middle of the channel, the target price will be between 67-63.
If they cannot be permanent in trend support, they can retreat and contact the bottom support of the channel again.
Only personal opinions and ideas. Does not Include Legal Investment advice...
Due the latest worldwide events and seeing that DJT transportation index seems not performing well... Bad news also coming from that cartel OPEC represents I decided to setup my position against brent.
Here are my two levels based on FIBO lines.
What are your thoughts? Do you really think that the price of the barrel will continue to plummet? Will we reach $ 20...
The price of oil is trying to break the current resistance for the 7th time and this time if it looks like it's the right one! \
Buy Brent
Entry Price: 63.30
Stop Loss:62.70
Take Profit: 66.29
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud!
We recommend selling now
Sell Brent
Entry price: 61.45
Stop Loss: 63
Take Profit: 58.75
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...
