Crude Oil Brent

VasilyPonomarev

hey guys, Crude oil reached a current structure high yesterday. Bears started to push during the US session but were immediately rejected on 4H. it looks like bulls are preparing for a continuation. next week pay attention to 39.9 - 40.5 structure resistance area. if bulls manage to break and close above that then we...

Simple_FX_

Good Afternoon, Simple chart here price has been in an uptrend seems like it has broken below the trendline - price is now retesting this trend line and S/R level so will wait and see how price reacts before deciding whether a short is in play. Good Luck!

theselfishtrader

Price has consolidated, forming an Ascending Triangle. As Price is above the 200EMA, I anticipate a breakout to the upside and will seek confirmation of the breakout with a close above $42 (orange line). Target #1: ~$45 (Closing the gap down from 6th March lows) Target #2: $50 (Confluence zone of 61.8% from Jan highs + 127% fib extension from April lows)

ForecastCity

Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (42.80). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Brent is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic...

jhgcfmkl

Using a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji . A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the...

VasilyPonomarev

hey guys, two weeks long consolidation on wti. the price was trading within a narrow horizontal range bouncing from 31.5 support and respecting 34.4 resistance. Friday's price action was different. it was the first time when the price set a higher low after testing the support of the range. and then, during the US...

BullBearMkt

Brent Oil rallying to 36 last week; 3 weeks after our prediction. Now that Brent Oil has tested 36, any price rejection can see the commodity going down to test its bullish order candle below 28. Before then, enjoy the bulls while it last... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your...

vcm11

closed the week above weekly t-line & above resistance Crude is going higher to $42 at least, there will be some trading range along the way of course but looks bullish

Trade_Simple_FX

Descending triangle with a few fake-0outs on this pair. Resistance is holding nicely as per the green rectangular box, and the support on the red zone is also forming nicely. Could be a range bounce S/R structure going forward into the trading week ahead.

razainvestments

Failure to break the LH at 28.40 we can see Oil heading down to retrace or make a new LL

BullBearMkt

Brent Oil corrections seems to have completed and maybe ready for another impulsive movement to the north... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades

BullBearMkt

Brent Oil may face some selling pressure above 34 which will send the commodity to its mean or below. This down-cycle will most likely determine brent oil medium term forecast N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades

BullBearMkt

With Brent oil weekly candlestick providing inside-bar, UKOIL may rise towards 36 in the next coming weeks. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades

MimsazFX

What’s your view guys

theselfishtrader

Brent has made a new low and tested the 2001 lows at $16.65, forming a number of dojis Should price rise, there is confluence with the 2016 lows at $27.13, as well as the 50% fib retracement of the recent move lower which I expect to provide some resistance and an opportunity to short this market, with a retest of the lows a very decent target (1k+ pips!)

VasilyPonomarev

hey guys, I noticed this falling trendline on 4H and daily chart and it looks like currently, it provides the strongest resistance for the crude price. from the 20th of February each touch of the trendline led to a strong wave to the downside and this time we may see the same thing. next week pay attention to 19.0 -...

BullBearMkt

UKOIL is on corrective wave the lower timeframe and may possibly test the bullish order candle below 20 in the next coming days. Any bull rejection here will be a good sign for the commodity to commence another upside movement. If there is no rejection, then price may likely drag to 18. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...

BullBearMkt

Bears has been attacking oil and yesterday trading saw the commodity being rejected from going further down at the extreme pessimism. This could likely be a good level to go for a long trade with stop loss placed a few pips below the bullish pin-bar. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your...