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...
Rectangle Formation has formed on Daily and it's anyone guess where it's going. On the bearish side, 3 Black Crows candles have formed as the price touches the medium beartrend line. We need to wait for a breakout before we do anything... Bull $120 Bear $67.65
Crude prices under downside pressure on the back of weaker demand outlook The recent break below the $92 short term support level has opened up the prospects for a further decline towards a test of the September 30th lows near $84, the bearish outlook can be technically supported by the fact that current price is below its 20 and 50 day simple moving averages,...
Prices of petroleum are declining due to increased output by OPEC and United States and weakening demand by the Chinese economy. RSI index of the Daily graph of BRENT is below the neutral line of 50, and MACD histogram, although still above 0 line, is declining. If the price keeps falling, it might test its previous support at 91.50 and if it breaks it, it might...
Considering that oil left its long-term correction process on April 20, 2022; It started an increasing and powerful process and increasing tensions and war made this process more powerful. By carefully examining this trend, it can be said that this trend ended in 5 waves; And now, with the situation balancing a little, the stagnation, the increase in oil...
Hi fellow traders, Brent crude oil is completing the flag correction in WXY formation. We can look for downside from here. Target 90 area. Goodluck!
False Breakout of Major Resistance Level. A Bearish Harmonic Pattern has been formed. Selling opportunity! UKOIL - SHORT ENTRY PRICE - 88.77 SL - 91.50 TP - 79.20 Please leave your comment and support me with like if you agree with my idea. If you have a different view, please also share with me your idea in the comments. Have a nice day!
I've been expecting this for a while now, since brent hit $75 for the first time in teh recent weeks. but it seems to resilient and doesnt seem to fall back to support around $70. But i think im clocked it... brent has almost reached $73 as calculated. I think we will see a pull up to around $75 again as teh selling pressure has already weakened. But from...
Oil Short Setup 🔵 Entry Level: $82.58 🟢 Take Profit: $79.39 ⛔ Stop Loss: $84.29 Reasons: - So far the price is respecting the ascending channel; - I expect an overbought level on the PVS Indicator by the time the price reaches the upper trendline; - Volume is not supporting the up movement;
Yes, the oil market is as bullish as it gets. Therefore, we are sharing our trading zone here. We expect the price to fall in this area and soar from there! Happy trading!
We are still waiting for the Brent Crude to drop and approach its yellow trading zone. Here, we expect a massive turnaround, followed by long-term increases in the price. However, direct increases are possible, too, if the course reaches above $76.12. Stay patient!
The general trend in daily time seems to be declining. But now it seems to be a good place to enter the hourly time. The new support level seems to be broken and the return to the new resistance level is complete and it is time to fall.
''One way to control inflation is to have cheap Oil around'' the Fxprofessor News: Brent crude oil price down below $67 per barrel on London’s ICE first since May 24 The price of WTI oil also went down by 2.52% MOSCOW, August 19. /TASS/. The price of futures contracts of Brent crude oil for October 2021 delivery went down by 2.18% on London's ICE on...
Brent in future 💸 but waiting for safe baying zone 💣
BRENT - SHORT (LOND TERM TRADE) ENTRY PRICE - 58.89 SL - 72.20 TP - 23.35
Potential correction at fibb 61.8% After correction price can still follow the trend Trend: UP Ichimoku: UP Stoch: After overbought for more: www.invesery.com Last news: vesting.com -- Crude oil prices weakened Thursday amid concerns about fuel demand as the pandemic continues after U.S. inventories posted an unexpected rise last week. By 9:45 AM ET (1445...
since the idea is based on 15mn time frame, this idea is available only for one day. let's see if the market will give me reason today if you like the post, don't hesitate to discuss it with me or thumble up and follow me thank you
The volatility in oil markets has been falling for months as price contracted into a narrow range. That 'wedge'-like trading range appears to have just broken to the downside