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Brent

TradePlus-Fx|USDCAD: sell setup💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary weakening of the dollar. Thus, a short trade is considered. The time frame of the idea is contained in today. In addition, the CAD may be supported by the likely strengthening of oil intraday. 🔔 FX CALENDAR TODAY 🔔 🇺🇸Trade Balance 🇨🇦Trade Balance 🛢EIA Short-Term Energy Outlook 🛢API Weekly Crude Oil Stock ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
23
UKOil Brent Technical Analysis And Trade IdeaIn this video, we embark on a comprehensive analysis of UKOil, with a specific focus on the prevalent bearish sentiment observed in the 1-month (1M) and 1-week (1W) timeframes. Notably, our charts reveal that Brent has approached a critical support level, a pivotal juncture. Throughout this presentation, we delve into the fundamental tenets of technical analysis, encompassing essential components such as evaluating the current market trend, price dynamics, market structure, and other indispensable aspects of technical analysis. As we progress through the video, we meticulously scrutinize a potential trading opportunity in Brent Oil. It is imperative to stress that the insights shared in this content are exclusively intended for educational purposes and should not be misconstrued as financial advice. Participating in the foreign exchange market trading carries a significant level of risk. Therefore, it is vital to prudently incorporate robust risk management strategies into your trading plan to navigate these challenges effectively.
TVC:UKOILShort
by fxtraderanthony
Oil - Bulls Will Be Totally AnnihilatedIn early September, we made what turned out to be a pretty accurate call on crude, predicting that $95~ was the target. CL WTI Crude Oil - Getting In Sync With The Market Makers In July, after analysis, I predicted that the target for crude in the intermediate term is actually a 3-or-4 handle, based on reading the tea leaves of yearly bars. Oil - A New Long Leg Down Soon Begins There's all sorts of fundamental reasons, one will say, that mean there's NO WAY oil should go down, so much! It should go up, because reasons! And I think that is true. I think we're going to see $150 or $200 crude in a future that isn't very far away. But before that happens, since oil has failed to continue upward momentum, the entire previous range from the Russia-Ukraine War has been traded, and the year has mostly been flat-red, it seems to me pretty obvious that the MMs are going to be MMs and go dumpster some long-term longs. Which means we have a target of $56 before the end of 2024, based on monthly candles: It's only that I think $56 won't be "the bottom," they'll drive it lowerer for longerer and make energy bulls and equities bears hate their life, before the real fun starts, because that's how big accumulation happens. Super high prices is almost always preceded by super deep selling. Producers get net short. Before they get net short, it takes some time to get net long, and even though you may not see that in Commitment of Traders, the big oil companies have entire floors of their headquarter buildings devoted to trading, a lot like a bank. The Black Swan of Black Swans, though, that can spoil everyone's fun plans, is the Chinese Communist Party and Xi Jinping's tenuous grip on power and reality. I've said in virtually every post that the CCP is going to fall in our lifetimes. It can fall in one of two ways: 1. Xi Jinping goes Gorbachev and throws the evil Party away, saving China and himself 2. Xi Jinping is strung up as the head of the evil Party, goes down to Hell with the CCP, and something else replaces it What's at stake for Xi is not only the CCP's boundless crimes against humanity and the ruination of China's 5,000 year Heavenly Dynasties, but the eternal sin of the 24-year organ harvesting and genocide against Falun Dafa's 100 million students. Although that persecution was started in 1999 by former Chairman Jiang Zemin, who died, because Xi is the leader of the CCP, he'll inherit the crime and face the same Sepulcher, unless he can throw the regime away like the man he ought to be. When the CCP finally falls, whether it's because Wuhan Pneumonia dropped more than former Premier Li Keqiang, or because Xi dumpsters the Jiang Faction and the International Q Cult that's made itself a particle of the Red Dragon, everything is going to be bigly gap down on a Monday morning. Stuff like the price of oil may seriously moon, however, because the world society's electricity, heat, and transportation relies entirely on fossil fuels. And so all dumps on commodities may sharply truncate and reverse seemingly without cause, all equities rallies may sharply truncate and reverse seemingly without cause, and so the risk is enormous. Trading in these markets in the next 6 months is going to be like playing with fire or gambling your fingers near a really sharp knife. Never forget this point: a knife just cuts. A knife doesn't care who or what it cuts. It just cuts. If you don't want to lose your fingers and your hands, don't put your fingers and your hands under a knife. Once they're gone, there are no miracles to bring them back. The way it's looked at up high is that, in reality, you made the choice to put your hands under the knife, and so when it cuts what should be cut, it cut what should be cut, and that's your own problem caused by your own pursuits. Be careful.
NYMEX:CL1!Short
by LordWrymouth
1
Oil Brent - W1Oil Brent W1 - The price has formed a 3-wave structure, which may indicate a trend reversal, and if this scenario is implemented, it will be possible to potentially see the price at the level of 66.30. Judging by geopolitical data, due to the rise in oil prices and the growth of the asset, there was a local movement. To confidently enter sales, it is better to wait for the level of breaking through the 1st wave of 83.30 to be fixed. What to expect now? Waiting for the breakout and fixation at the level of 83.30. When opening a position, it is best to exit the position from the level of 88.13, if this scenario does not materialize and the price may return locally to the range of 85 - 95 Complete cancellation of the script mark 93.83 Short Targets 81.18 - 76.73 - 72.80 - 66.30
TVC:UKOILShort
by Trade_Hive_Signals
WTI POSSIBLE RALLYOil prices rebounded after experiencing losses last week, primarily due to expectations of a tight supply situation for the rest of the year. This rebound was driven by key factors, including the commitment of major oil producers Saudi Arabia and Russia to maintaining production cuts until the end of the year. The decrease in the U.S. oil rig count also played a role, as it indicated a lack of response from U.S. producers to the current price environment, giving confidence to Saudi Arabia to continue withholding supply from the market. Additionally, concerns about potential supply disruptions in the Middle East related to the Israel-Hamas conflict subsided, contributing to the market's rebound. The oil market is now closely focused on economic data from China, particularly trade and inflation figures, to gauge commodity demand in the country. While China's oil imports and fuel demand have remained robust, rising stockpiles could lead to a drop in oil imports in the coming months, especially if economic conditions deteriorate. Meanwhile, the overall health of the U.S. economy, another major consumer of oil, remains a factor influencing oil demand, with expectations of weakening demand during the winter season. Additionally, a weaker U.S. dollar is currently providing some support to oil prices, but it may also reflect concerns about a cooling U.S. economy, which could impact oil consumption. If the trend continues the price might reach levels of 90.51, in the opposite scenario the price might drop to 80.49. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTILong
by legacyFXofficial
TradePlus-Fx|GOLD: new high💬Description: On Friday evening, just before the market closed, the metal renewed its local high. This made sellers nervous, and most of them bought the market with a minus on their account. However, the instrument is unlikely to develop this offensive by buyers now, and a rollback to 1948.160 is expected in the near future. The price may go even lower under 1948.160 , but over a longer distance, with a high degree of probability, the metal will rise again and even mark new highs. 🔔 FX CALENDAR TODAY 🔔 🇩🇪German GDP (q/q) 🇪🇺Consumer Confidence 🇪🇺Consumer Inflation Expectation 🇩🇪CPI 🇺🇸Dallas Fed Manufacturing Index 🇨🇦BoC Gov Macklem Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
OANDA:XAUUSDShort
by TradePlus-Fx
20
TradePlus-Fx|BRENT: intraday idea💬 Description: Today, the instrument is at the level of 87.45 and is most likely to prepare for a fall in the more medium term. But here it is necessary to take into account the geopolitical background, which greatly influences oil. Today, an idea is proposed, the time frames of which are within the day. Namely, long for the purpose of local updating of the maximum. The approximate target is the level of 90 . After which, as was said, the price will most likely rush down again, if there are no sharp geopolitical surges on the world stage. 🔔 FX CALENDAR TODAY 🔔 🇺🇸PCE Price index 🇺🇸CPI 🛢US Baker Hughes Total Rig Count ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
TVC:UKOILLong
by TradePlus-Fx
12
TradePlus-Fx|USDCAD: BoC meeting💬 Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD , namely to look up (look at the chart) . But most likely, there will be volatility during or after the meeting of the Central Bank of Canada, then the pair is most likely to roll back down. The expected movement is thus depicted on the chart . As a result, the more global target remains the same, and we expect growth to 1.38271 level. 🔔 FX CALENDAR TODAY 🔔 🇺🇸New Home Sales 🇨🇦BoC Interest Rate Decision 🛢Crude Oil Inventories 🇨🇦BOC Press Conference 🇪🇺ECB President Lagarde Speaks 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
12
Brent OIL in USD until April 2024 + some projections into 2025 Weekly timeframe suggests that BRENT is in its second half accumulation area, which will last until April 2024. Inside the accumulation area OIL will in the range of USD 79-96, bottoming in the mid of December 2023 and topping in the end of February 2024. The last bottom of accumulation phase will happen in the mid of April at the level of around USD 90, but no lower than USD 87. End of April will mark a major breakout from the accumulation phase starting a new sequence of higher highs, the first is expected around the level of USD 98. Followed by a quick retest of USD 93-96 range ending in the beginning of July 2024. The long awaited OIL bullrun is likely to start in July 2024 and last until mid September 2025 reaching USD 213 level.
VELOCITY:BRENT
by discarding
Oil Brent - H4\D1Oil Brent The nearest target is at 96.00 in continuation of the 5th wave on D1 H4 - there was a fixation behind the correctional channel and a 3-wave structure may form, which may indicate continued movement up the trend. What to expect now? Expectation of breaking through the level - 89.25, locally the target is 91.40 - 94.88 When opening a position, it is best to exit the position from the level of 86.47 - 85.66, if this scenario does not materialize. Long Targets 89.98 - 91.40 - 92.75 - 94.88 - 96.00
TVC:UKOILLong
by Trade_Hive_Signals
WTI BEARISH OUTLOOKOil prices dropped over 2% as U.S. crude stockpiles rose, signaling weakened demand. Additionally, concerns about the global economic outlook led to a broader sell-off in equities. Brent crude futures fell by 2.2% to $88.13 a barrel, while U.S. West Texas Intermediate crude futures slid by 2.7% to $83.13 a barrel. These price declines were driven by a combination of rising inventories, reduced demand, and economic uncertainties, highlighting the impact of geopolitical tensions and broader market sentiment on oil markets. The market's attention has been fluctuating between geopolitical factors, including the conflict in the Middle East, and macroeconomic concerns, such as U.S. Treasury yields nearing 5% and the pace of economic growth. These uncertainties are affecting oil demand and prices, making it a volatile and complex market. Additionally, the article touches on issues related to the energy transition, with companies like Shell cutting jobs in its Low Carbon Solutions business, and Siemens Energy seeking government support for its wind-turbine unit. On a technical side, the daily graph had formed a Three Black Crows pattern 2 days ago, which is a reliable predictor of continuous down movement, technical indicators as MACD and RSI are also in the sell zone. If this trend continues, the price might reache levels of 79.64, while as a pivot point might be considered 84.34, from where the price might go to 87.82 levels. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial