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Brent

BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
TVC:UKOILLong
by ForexPlanet20
Brent \ Oil - AnalysisOil Brent MN - The price has broken through the trend line at 87.51, which may indicate the beginning of an upward movement. W1 - We are observing a retest after the triangular formation and a breakout of the level of 87.51; for the price to move further upward, it is necessary to wait until the price consolidates at this level, which will open up the possibility of moving to the level of 108 - 125 If the price does not fix at the level of 87.51, we can expect a continuation of the downward movement with a target to the 71 price level What can you expect now? When moving up, the nearest target is 99.34 When moving down, the nearest target is 81.64 Long Targets 99.34 - 108.94 - 125.09 Medium term - targets 92.34 - 94.87 - 99.34 Short Targets 81.64 - 76.52 - 71.27 Medium term - targets 85.40 - 83.79 - 79.81
TVC:UKOIL
by Trade_Hive_Signals
CL WTI Crude Oil - Getting In Sync With The Market MakersIn late July I made a call that oil's actual target in the imminent term is not $100+, but actually a 3 or a 4-handle. Oil - A New Long Leg Down Soon Begins I believe that this long term analysis is still correct. However, price action has shown that the target was finally the daily gap at $85 and was achieved last week. Thus far in some 7 weeks of trading, oil has only gained $9. I likewise believe that before Natural Gas goes on its next bull run, it's going to violently abuse the longs with a raid under $1.8 NatGas - No Moon Until Doom But with current price action, we may get a false breakout over $3.1 before that can happen. A pump in energy and metals in September would be congruent with the thesis that equities are going to have a very red September as a setup into a Q4 that takes out the highs, which I outline here on the Nasdaq ES Futures: Nasdaq Futures - Are You Prepared For Red September? But the problem for retail traders is everyone is "practical" and believes that we're going straight up from where we are. It's a new bull market, some guy who works for some big bank and is tasked with engineering liquidity for high net worth clients and funds, told social and establishment media. Equity bulls need to give their head a shake, though. And so do energy bulls. With the U.S. being net short hundreds of millions of barrels from the Strategic Petroleum Reserve and the Fed reiterating that interest rates simply are not going to be cut until there's an international economic crash, the "long" trade only exists insofar as riding the wave that is intended to kill long term funds who are net short. If the scheme really is to rally like it's a new paradigm into Q4 and create a Bump and Run and then blow the world economy away in 2024 ahead of the next U.S. election, which Joe Biden will win because Donald Trump will die in prison, then there are significant risks. It's just like Burning Man where they decided to do a ritual sacrifice to the Azov cult in Ukraine and were met with a flood and rainbows and now are trapped in 6 inches of their own urine and feces and alkaline mud. What I mean by the above is that the best laid plans of mice and men always go awry, and this should be obvious to anyone who understands the situation in China with even a modicum of sobriety. Unfortunately, the people who understand China with a modicum of sobriety are almost nobody. Xi Jinping is an idiot who is still holding onto the Chinese Communist Party, the most murderous and worthless regime in all of human history. While Xi has never participated in the persecution of Falun Dafa's 100 million practitioners, which was started July 20, 1999 by former Chairman Jiang Zemin, and has even been killing the Jiang Faction as his real target in the Anti-Corruption Campaign, Xi is still the head of the CCP. When the CCP falls, Xi will fall with it and be impugned as responsible for all of the Party's sins in all of history. And this means that in the process of the CCP falling, Xi may show a glint of intelligence and wisdom and overthrow the Party himself, Gorbachev style, using the persecution as a weapon to protect the real China from being taken over by the International Rules Based Order that uses Taiwan as a proxy. What all of this means for energy and equities and really everything else is significant gap downs are ahead in the markets, and are likely to come at prices that are high but not that high. This is because if significant problems in China emerge and go viral on social media that Party West's propaganda machine are unable to suppress, it will disrupt the plan, and all of those long positions that are set to sell at high prices will turn around and start market dumping. This means you'll wake up one morning and see that SPY and QQQ are down 12% on market open, and this time, unlike COVID, you aren't seeing daily reversals for mitigation. Everyone will just be open selling to get into USD cash to run for their lives. Nobody will be around to maintain the bots, and every market will look like a cryptocurrency memecoin. So here's the trade on oil. We may see an immediate reversal at $85, where we are now. But I think the real target is $95, which will take out that effective daily bar double top printed in November of last year. That will draw in all the $100 call moonboys, since energy bulls are even more irrational than goldbugs. And they'll expire worthless as we head into the $40s to end the year while Apple prints $220 and Tesla prints $420 and NVDIA prints $480 (lolAIbulls). So if you want a trade heading into September, maybe we get a retrace to $82 on oil. Consider going long with a stop under the $77.60~ low. Sell at $95. Look for big dumps and go short on the retrace and hold into February for a $30 candle. Then get long for January '25 printing $150+.
NYMEX:CL1!
by LordWrymouth
Buy BRENT#BRENT Oil continues its steady growth on expectations of a reduction in supplies from the Russian Federation in September, as well as positive news from China. However, at the moment the price is starting to look a bit overheated and needs to be deflated. Against this background, I am waiting for a suspension and correction in the coming days. Nevertheless, the uptrend is strong, so the plan is to open purchases near the levels of 87 and 86 dollars per barrel with a take profit of 88.50.
SKILLING:XBRUSDLong
by airstels
Oil - A New Long Leg Down Soon BeginsThe oil markets have been something of a puzzle to everyone on account of the fact that they range sideways for long periods of time, move a little bit, decapitate one side of the market, and then range again. One thing I've been sure of is that after doing $120 post-Ukraine War, and after WTI literally hitting $0.00 ( $-40 settlements lol) this certainly was not the top. And yet the problem is, this retrace has gone on for too long, with any and every rally increasingly being melted away and melted away. So it's not bullish, either. There's major geopolitical problems right now. One for the oil long is that because Russian oil is banned from the market by the International Rules Based Order, it doesn't mean that demand increased for futures-traded oil. Like, futures oil is primarily the United States' domain, and you know the leftists in Washington are short hard on oil because they sold off the SPR. How it works is you ban Russian oil from the futures controlled markets. The catch is that Russia still sells oil and sellers always have buyers. It means Russia sells at a discount or sells in exchange for rupees and yuan instead of petrodollars. Which means that demand from smaller countries and even bigger producers moves away from futures-traded oil and into Russia's pockets, which ultimately drives the price of commodities down. Geopolitically, because of the problems between Mainland China, its current ruler Xi Jinping, and the IRBO who operates via Taiwan as a proxy, anything can happen at any time. China is the biggest wildcard in the world because it's the only 5,000 year old country, has an enormous population with exceptional natural resources, and is ruled by a Communist Party that has become exceedingly inferior and weak. What this means is that the CCP can either fall or be overthrown literally any day. You won't hear it's going to happen days before on CNN and from The Washington Post. It will happen during Beijing business hours, which means the middle of the night in Manhattan. And if Xi is smart, he'll throw the Party away himself and weaponize the 24-year persecution and organ harvesting genocide against Falun Dafa in order to protect himself and the country from "War With Taiwan," which really and always has meant the IRBO trying to take control of China via Taiwan Ukraine Maidan Revolution-style. Since this event is in the cards, if it unfolds, it means we'll see $200 oil and in a big hurry. Really, in a big hurry. But before this happens, it only makes sense to melt down all the early longs and liquidate some funds first. I have an open call on Taiwan Semiconductor where I believe this company, because of the Taiwan situation, is a super strong long hedge in the upcoming markets: TSM - Taiwan, Your Semiconductor Long Hedge So, here's the call. All we have to do is look at the yearly candles and we can see that last year's price action was something of a yearly wick play. And so if we take this logic and we expect that after taking the high wicks, the low wicks are next, we wind up with some clarity on a set of monthly candles that is otherwise nigh indiscernible. Unfortunately for bulls, that means we're looking at prices that start with a 3-handle. Nobody ever believes it when you make a call like this, unless it happens to unfold right away. And while these markets might manifest in a faster way in the coming months, oil is still something of a landslide down and tractor pull up kind of market maker who employs sharp shakeouts along the way. Here's the thing: The OPEC production cut news in April was a canary in the coalmine, only because the rally was clearly a stop raid and failed. The May dump afterwards was a bearish harbinger of doom. It confirms the market makers are seeking continuously lower prices on higher time frames. On monthly bars and with recent price action, the $62~ level is supposed to be "support." But this support is likely to be broken if this rally fails. I believe this rally will certainly fail and we are about to have an extremely significant optimal short entry at roughly $79. If the theory is true, see how fast $61 comes. And after $61 is broken, perhaps it will actually be a breakaway runaway. If that really happens, then the targets are 3-handles in the $34 and $36 range. You better believe it.
NYMEX:CL1!Short
by LordWrymouth
15
Strifor || USDCAD-08/23/2023Preferred direction: BUY Comment: The buy scenario remains relevant. Additional pressure on the Canadian dollar has a downward trend in oil. Several important economic data are expected to be released today, both for Canada and the US. Undoubtedly, their results will affect the course. However, from the point of view of technical and volume analysis, most likely the instrument will tend to touch the resistance level 1.36545 in the very near future. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
7
Brent uptrend exhaustionContext: Weekly – uptrend (UT), one-time-framing up Daily – uptrend Microstructure: Poor highs, poor lows Last day: value moved down Special notes: There are multiple signs of UT exhaustions: shortening of daily trend upthrust, daily volume dries up, last week value area overlaps with previous week Moreover, price is close to monthly resistance cloud. Without some stong bullish news it will be hard to get through it. Conclusion: A swing trader that is still LONG should strongly consider reducing position. At this point it is still too early to flip but risks of staying LONG outweigh potential upside. For a day trader there is still an opportunity to play LONG as daily low high (LH) is still not set. The best risk-reward opportunity for LONG can be found near last week low
CAPITALCOM:OIL_BRENT
by hermes_trisme