Today is the day Oil ( Brent and WTI ) continue to take further losses. An article helped the OIL market yesterday but that article was a cry for funding and in reality, cannot solve the current Coronavirus problem... the WHO downplayed the "breakthrough" and sentimental are back on selling BRENT and WTI and the technicals agree. The RR is very solid here and...
There is a big chance of seeing a nice return in oil in the next days up to 64+ on UKOIL/Brent
US & Asian Equities Hit Hard as Investors Try to Calculate Impact of Virus HEADLINE - Asian Equities fall during the overnight session whipping of most of year to date gains - Official death toll from the Coronavirus hits 100 as officials have now extended New Year celebrations in order to stem the flow of the virus - Crude price approaching key level of support...
Use this asa guide to develop your setup: Main items we can see on the Daily Chart: -The price was rejected from a major resistance zone. -The ascending channel has been broken. -Currently we can see a corrective structure (continuation pattern). -Our forecast is a continuation of the bearish movement towards the next support zone. -We will trade this...
Technical analysis of oil price analysis.
Use this as a guide to develop your view of the chart. Main items we can see on the 4hs chart: -The price is inside an ascending channel -On the Daily chart (image below) we can see that the price is close to a significant resistance zone + the Dynamic upper resistance of the ascending channel -Currently, we can see an Inner bullish trendline inside the...
UKOIL (Brent) Oil looks to continue growth We have broken up the global triangle and the road opens to $ 69.00
HEY GUYS, HOW ARE YOU TODAY? HOPE YOU LIKE WHAT YOU'VE SEEN SO FAR IN BRENT. PLEASE LEAVE AN UPVOTE IF YOU'D LIKE TO GET MORE UPDATES FOR OIL TRADING. THANK YOU. OK SO WHAT WE GOT IS A STRONG BEAR SETUP ON DAILY WITHIN THE RISING CHANNEL PRICE IS SLOWLY CLIMBING, HOWEVER A NEW BIG DUMP IS PENDING SOON. MY TARGET IS -10% FROM 63.40-63.60. BEST ENTRY AND STOP LOSS...
HEY GUYS, WHAT'S UP, HOW ARE YOU TODAY? HERE'S AN IDEA ON UKOIL (BRENT). DETAILS SEE CHART. NOTEWORTHY PRICE/RSI DIV ON H1 SIGNALING REVERSAL/WEAKNESS. I EXPECT PRICE TO MAX OUT VIA 3 DRIVES PATTERN NEAR 63.40-60 AND MY TARGET IS 61.00. USE A TIGHT STOP LOSS AND CONFIRM 3 DRIVES IS COMPLETE BEFORE ENTERING ON SELL SIDE. GOOD LUCK AND LET'S SEE WHAT WE GET! ASGCORP
Use this as a guide to develop your own setup Main items we can see on the 4HS chart: a)Currently, the price is on a corrective structure (Flag Pattern) b)Flag Patterns are considered continuation structures c)The Only level that remains as a solid Support zone is the current one d)We will be waiting for a breakout of the structure, and then a small correction...
I had a friend who said to me as soon as I said I have a Long position on an airline stock CFD, would I short sell that stock CFD if, god forbid, something bad happens to that airline? It made me sick to think about it. If there were accidents happened and there were ways that me as a currency/stock CFD trader, able to take advantage of it i.e short or long the...
I am no much of the Elliot wave man, but would that be possible that we have just started a new 5 wave cycle? in this case we are in a good position to long with a tight stop. the same is seen on Brent. lets see how would it develop
was looking at the set up for a while and found this nice Blue MAGIC channel for Brent's - see the chart. So, we are in the downward looking channel, that we have gone out and returned back to. usually, in that situation I would expect to reach the upped bound of this channel. hence, we are going towards 63.6-.8 on Brent (LONG) and what's higher I would see as a...
While there is divergence with the relationship between oil and the US dollar to the Canadian dollar, this trend still holds. In all likelihood, the price of oil will continue to be closely tied to the price of the US dollar to the Canadian dollar.
Looking for a move into 65.50 Entry 64.80 Stop 64.65 Limit 65.50
Both UKOIL and USOIL are important in the energy sector, as they reflect the two most important types of Oil: UKOIL refers to the Brent crude which is extracted from the Oil fields in the North Sea, and USOIL refers to Western Texas Intermediary (WTI) which is extracted from the Oil fields in the United States. UKOIL is the reference Oil price for about two-thirds...
Welcome to this MONTHLY chart showing possible scenarios over the next years, after OIL has bounced once again on the level of $50 in the past months potentially taking us higher near term up to $70. Let us now depict the possible scenarios out of this market, with the conditions that would trigger any of them and some arguments supporting each. The first thing...