Brent Oil Spot
Updated

"UKOILSPOT / BRENT Crude Oil" Energy Market Bearish Heist Plan

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๐ŸŒŸHi! Hola! Ola! Bonjour! Hallo!๐ŸŒŸ
Dear Money Makers & Robbers, ๐Ÿค‘ ๐Ÿ’ฐ

Based on ๐Ÿ”ฅThief Trading style technical and fundamental analysis๐Ÿ”ฅ, here is our master plan to heist the "UKOILSPOT / BRENT Crude Oil" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. ๐Ÿ‘€ Be wealthy and safe trade ๐Ÿ’ช๐Ÿ†๐ŸŽ‰

Entry ๐Ÿ“ˆ : You can enter a Bull or Bear trade at any point after the breakout.
Buy entry above 77.500
Sell Entry below 75.500

Stop Loss ๐Ÿ›‘: Using the 2H period, the recent / nearest Pullbacks.

Goal ๐ŸŽฏ: Bullish Robbers TP 81.500 (or) Escape Before the Target
Bearish Robbers TP 72.500 (or) Escape Before the Target

๐Ÿ“ฐ๐Ÿ—ž๏ธFundamental, Macro, Sentimental Outlook:
The "UKOILSPOT / BRENT Crude Oil" Energy market is expected to move in a bearish direction, driven by several key factors.

๐ŸŸ Macroeconomic Factors:
1. Global Economic Slowdown: A slowdown in global economic growth, particularly in China, may decrease demand for crude oil, putting downward pressure on prices.
2. US-China Trade Tensions: Escalating trade tensions between the US and China may lead to a decline in global economic growth, negatively impacting oil demand.
3. Strong US Dollar: A strong US dollar may make crude oil more expensive for foreign buyers, reducing demand and putting downward pressure on prices.

๐Ÿ”ดFundamental Factors:
1. Increasing US Shale Oil Production: Rising US shale oil production may lead to a surplus in global oil supply, putting downward pressure on prices.
2. High Oil Inventory Levels: Elevated oil inventory levels in the US and other countries may indicate a surplus in global oil supply, negatively impacting prices.
3. OPEC+ Compliance Issues: Non-compliance by OPEC+ members with production cuts may lead to a surplus in global oil supply, putting downward pressure on prices.

๐ŸŸขTrader/Market Sentimental Analysis:
1. Bearish Trader Sentiment: The CoT report shows that speculative traders are net short crude oil, indicating a bearish sentiment.
2. Market Sentiment: The market sentiment is bearish, with many analysts expecting crude oil prices to decline due to the supply surplus.
3. Technical Analysis: The technical analysis shows that crude oil is in a downtrend, with a bearish breakdown below the $70 level.

๐ŸŸกSentimental Outlook:
Bearish Sentiment: 55%
Bullish Sentiment: 30%
Neutral Sentiment: 15%

โš ๏ธTrading Alert : News Releases and Position Management ๐Ÿ“ฐ ๐Ÿ—ž๏ธ ๐Ÿšซ๐Ÿš
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits

๐ŸšจPlease note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.

๐ŸšจKeep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.

๐Ÿ’–Supporting our robbery plan will enable us to effortlessly make and steal money ๐Ÿ’ฐ๐Ÿ’ต Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.๐Ÿ†๐Ÿ’ช๐Ÿคโค๏ธ๐ŸŽ‰๐Ÿš€
I'll see you soon with another heist plan, so stay tuned ๐Ÿซ‚
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