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Brent

🛢Brent oil: wave III target remains $150+●● Preferred count ● CFDs on Brent Crude Oil (TVC) , 🕐TF: 1M Fig.1 The three-wave movement within the framework of wave III of (V) is not completed. The minimum target is the same — to exceed the wavelength of wave II , which will lead to a rise in the price to $ 150+ . The subsequent wave IV will return the price to the current levels. ______________________________ ● Brent Crude Oil (OANDA) , 🕐TF: 2D Fig.2 From July 2022 , a correction Ⓧ is predicted. Upon completion of the consolidation in wave (B) , a decline will follow within wave (C) in the form of an impulse. This forecast is based on the norm of the alternation of waves " A " and " C " within a zigzag. ______________________________ ● Brent Crude Oil (OANDA) , 🕐TF: 4h Fig.3 Correction (B) is expected to take the form of a triangle, but other sideways correction are not excluded. The option of counting in the form of a triangle is schematically indicated by a red dotted line. Black color marks an alternative count with a completed wave (B) in the form of a running flat. With the breakdown of the top of wave B , the activation of the alternative marking will follow. 📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
OANDA:BCOUSD
by TradeWaves-EWA
USOIL - Getting Slippery 💧Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on MONTHLY: Left Chart USOIL is sitting around a strong support zone 70.0 - 75.0 , so we will be looking for buy setups on lower timeframes. 🏹 on H1: Right Chart For the bulls to take over, we need a break above the previous major high in gray. Meanwhile, until the buy is activated, USOIL can still trade lower inside the monthly resistance zone till around the 70.0 where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:USOIL
by TheSignalyst
3
TSX Energy XEG 12.66 2022 Low and more ?I was overweight energy for most of 2022 selling my exposure around the summer and the remaining in the fall. It was not and easy decision but the trend in WTI and Brent prices was too bearish to ignore. Seems to me now It's only a matter of time we take out the 2022 low of 12.66, the more intriguing question is where we go once we get there ? On the weekly timeframe top left we can see the 50 weekly ma acting as support for most of 2022 now we appear to be losing it. The Daily timeframe top right we can see the 20 day ma the black line has finally crossed below the 200 day ma you have to go back to January 2020 the last time this took place and before that fall 2018. Seems obvious it's only a matter of time before all moving averages are below the 200 on the daily. I am a long term energy bull due to the supply constraints we are facing and lack of investment but for the beginning of 2023 first quarter at least with calls for a recession growing I don't see the upside for Oil or energy stocks, yes I know they pay great dividends but I don' t think this will save them from a market downturn. I am patiently waiting on my cash to re enter this sector ideally in the spring
TSX:XEGShort
by AthenaCapital
Brent Crude Oil: Potential for a further corrective move higherCurrent price remains below its 40 week moving average (200 days) which indicates that the longer term trend is lower (100 days or more), however, the scope for a further near term (25 to 50) corrective upside rally from the November high - December low remains on the table, provided the key resistance near $85.05 can be overcome for prospective extension move towards the $91.66 (50% retracement from the 52 week high/low); downside risk seen near the $78.3 support.
SKILLING:XBRUSDLong
by Skilling
BRENT CRUDE OIL BULISH PATTERNDemand for crude oil is expected to rise after a cold wave hit USA, which will likely increase the demand for oil distillates, easing of the COVID measures in China and US crude oil inventories coming up less than the analysts have had expected. British crude oil benchmark, BRENT, had broken the resistance of the triangle pattern, a strong bullish predictor, and the price might reach levels of 87.5 in the next couple of days. In an event of reversal of the trend, the price might reach levels of its previous low of 75.35 RSI and MACD both are confirming the bullish outlook, with MACD histogram above 0 and rising and RSI rising as well and approaching the 50 neutral line. 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:BRENTLong
by legacyFXofficial
OPEC & The West Battling Over Oil Price. Who Wins?OPEC (and non OPEC members) are battling with the West led by the US over oil price. While the West wants oil price to hover around $60/barrel, OPEC and other oil producing countries led by Russia and Saudi Arabia feel no one should dictate the price of their commodity... With oil price now sitting on important support level, will the price breaks down to go lower OR there will be a reversal to and price start to move high? Technically, bulls came into the market early last week; drove the price high but bears later joined the market and brought price a little down. Coming week(s), if more bulls came into the market, then oil price will likely go up. Otherwise, if bears are more prominent in the next 1 or 2 weeks, then we might witness more decline in oil price. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
TVC:USOIL
by BullBearMkt
BR1! - Possible to reach TP96 Bull Up condition : 1) BRENT candlestick has BO Level-2 of Raising Stage (E), next target going to be 96.55 (Level-3) 2) Tricol+ indicator - Banker's sentiment (red) above 75%, still in bullish trend Support & Resistance: S : 89.37 (-1.81%) R : 96.55 (+6.08%) Remark: - length of AB=CD=DE=EF DISCLAIMER: Analysis above SOLELY for case study purpose, not a PROFESSIONAL ADVISE. This analysis does not provide any trading advise and buy or sell. Trade at your own risk. Trade only after you have acknowledged and accepted the risks involved.
RUS:BR1!Long
by TheWinningDay
1