In the four-hour time frame, the trend of the price movement is upward, but due to the compression of the price movement and increasing selling pressure, if the upward trend is broken, the price will move downwards and the price stabilizes below the range of 81.5 units, the price may fall to the range of 80.6 units, and in the case of strength, the range of 79.2...
Oil Jumps as US Military Base in Jordan Attacked The Middle East powder keg came into sharp focus again this weekend following a drone attack by Iran-backed militants on a US military base in Jordan. President Joe Biden reported three service members were killed in the attack. These casualties mark the first time US troops have been killed in an attack in the...
Yersterday i had the opportunity to look at my charts. Saw a perfect textbook analysis demonstration of the Topdown Analysis. i can Help you Just like comment and hit me up lets chart.
Brent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in...
To put things in perspective, charts and fundamentals are clearly playing in favor of increasing oil prices. Inflationary risk was never away, middle east tensions are bigger than ever, equities at all times highs. I think we will have a round two in higher oil prices. However in the short term, I think we see a fair value gap in the region of 81.60 dollar/barrel....
Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market. N.B! - UKOIL price might not follow drawn lines . Actual price...
Hello and have a good time I trade according to these analyses My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels. I hope it is your light
Dear Friends, I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors. As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although...
A recent bullish trend is evident in BRENT UKOil on the 4-hour time frame, marked by the development of higher highs and higher lows. My approach involves anticipating a retracement into the 50-61.8% Fibonacci zone, creating a favorable discounted entry point. It is essential to emphasize that this analysis is merely an educational idea and should not be...
Brent Cash ULOIL 24.01.2024 please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
Pivot 78.85 Our preference Long positions above 78.85 with targets at 80.55 & 81.00 in extension. Alternative scenario Below 78.85 look for further downside with 78.40 & 77.80 as targets. Comment The RSI is around its neutrality area at 50% Supports and resistances 81.60 81.00 80.55 79.60 Last 78.85 78.40 77.80 Number of asterisks represents the...
It's pure price Action so I am waiting for a break of up or down side but as per price Action It's upside.
🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended...
Hello Traders, Base on technical and wave analysis we see this scenario for #Brent Oil for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello and have a good time I trade according to these analyses My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels. I hope it is your light
At the moment, if crude holds above the 50-day MA level of $78.50, we could soon see a big move higher towards the 38.2% Fibo level of $93.37. The 200-day MA and 23.6% Fibo levels will however offer resistance to this move.
UKOIL is trading in the descending channel. The market keeps trading below the psychological level at 80.00. Price is basically consolidating and coiling up before expansion. We anticipate a rebound from the resistance at 80.00. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!