BRENT/USD (CRUDE OIL) MULTITIME FRAME ANALYSIS
Brent is looking to continue the uptrend
Fundamental analysis: the war in Ukraine doesn’t seem like peace talks are working as fast as everyone hoped
Technical analysis
TF (d1)
Price has bounced off at 97.50 the daily 50 sma printing a morning star with an impulsive move
(h4)
Price action looks like its printing inverse head and shoulder however price could move a little lower to support at 103.29
Preferred entry = 104.76 (buy limit)
= 109.43 (buy stop) to scale in because the market could open with a gap
Stp level = 98.63 (buy limit
= trailing stop 13pip (buy stop)
Take profit = 122.60
= 133.000
#Brent #crude #fundamentals #trending
Fundamental analysis: the war in Ukraine doesn’t seem like peace talks are working as fast as everyone hoped
Technical analysis
TF (d1)
Price has bounced off at 97.50 the daily 50 sma printing a morning star with an impulsive move
(h4)
Price action looks like its printing inverse head and shoulder however price could move a little lower to support at 103.29
Preferred entry = 104.76 (buy limit)
= 109.43 (buy stop) to scale in because the market could open with a gap
Stp level = 98.63 (buy limit
= trailing stop 13pip (buy stop)
Take profit = 122.60
= 133.000
#Brent #crude #fundamentals #trending
Trade closed: target reached
the price target has been reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.