Brent Crude Oil : Multiyear(2015-2022) inverted Head and Shoulders triggered at the beginning of this year. Price broke the major downtrendline and subsequently iH&S neckline at 87 (lime) and then skyrocketed to 138. Now pulling back down to the neckline. We could actually see the backtest of the major downtrendline and dip into the S/R Zone 76-68. This would be...
Prices are consolidating in a triangle pattern. We see the potential for bullish continuation from our Buy Entry at 105.19 in line with 61.8% Fibonacci retracement towards our Take Profit at 111.61 which is an area of Fibonacci confluences. MacD is on bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party...
Prices are approaching a pivot . We see the potential for a bounce form our Pivot at 101.83 in line with 78.6% Fibonacci retracement towards our Take Profit at 111.19 in line with 100% Fibonacci Projection . Stochastics are at levels where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Prices are approaching a pivot. We see the potential for a bounce form our Pivot at 101.83 in line with 78.6% Fibonacci retracement towards our Take Profit at 111.19 in line with 100% Fibonacci Projection. Stochastics are at levels where bounces previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a short dip from our sell entry at 110.17 in line with 50% Fibonacci retracement towards our Take Profit at 102.15 in line with 161.8% Fibonacci Projection. Prices are trading below the ichimoku cloud resistance, further supporting our bearish bias.
Any opinions, news,...
UKOIL
Trend: Up
Level: Horizontal Support Level, EMA 10 Support Level, EMA 20 Support Level, Fibonacci Retracement Support Level
Signal: Rejection Candlestick
Prices are on bearish momentum. We see the potential for a reaction at our sell entry at 76.14 which is an area of Fibonacci confluences towards our Take Profit at 72.76 in line with 50% and 61.8% Fibonacci retracement . Technical indicators are showing bearish momentum and RSI are at a level where dips previously occurred.
Any opinions, news, research, analyses,...
Prices are on bearish momentum. We see the potential for a reaction at our sell entry at 76.14 which is an area of Fibonacci confluences towards our Take Profit at 72.76 in line with 50% and 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum and RSI are at a level where dips previously occurred.
Any opinions, news, research, analyses,...
