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Brent

TS ❕ BRENT: test 85.15Oil buyers have done a great job in their favor by closing the week above the level of 85.15. Now one should expect a test of this level, from where you should set the buy priority for yourself. SELL scenario: A rollback to 85.15 is not long in coming, and on Monday you can try to sell accurately. The best option was a candlestick formation at current levels that would indicate short. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
7
TS ❕ GOLD: slight rollback downThe metal is trading in the resistance zone, which may lead to a drop to the level of 1796.684 at the moment. However, this requires the price fixing below the resistance line, or better even below the level of 1813.886. In principle, the price area 1796.684 - 1813.886 disposes to further growth of Gold, but now a rollback downward is possible. SELL scenario: The strongest signal to short is now the price close below the level of 1813.886. The target of the fall is the support level 1796.684. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDShort
by UnknownUnicorn15614419
6
TS ❕ CADJPY: under 92.178As a result, the upward impulse for the CADJPY currency pair came up against the resistance level 92.178, which has already manifested itself in history. In the nearest future, the price will most likely be just below this level. BUY scenario: An attractive buying area is located near the support level 91.270. Where can one try to look for points to buy with the target of 92.178. The area is excellent in terms of a good risk/reward ratio. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
4
TS ❕ BRENT: correctionThe oil price is inside the ascending channel and the instrument is now in an uptrend. After correction to support level 82.93 or 80.75, oil has prospects for further growth. SELL scenario: The resistance level 85.15 has confidently kept the price from rising and now a correction to the support level 82.93 is very likely, where the support line of the uptrend channel is located. After small upward pullbacks, one can look for sell entry points. The correction can also last up to the 80.75 level. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
Oil Market Continues on the UpsideOil prices are rising for the fourth consecutive week as Brent crude benchmark prices rose to $83.77 per barrel. The technical picture suggests a further climb of prices which may be pushed by the following factors: 1. Brent crude prices returned to the upward trend that began in April 2020. Prices were below the support level of the trend during the last days of November 2021, but they managed to return above the trend line. 2. Commercial crude stocks in the United States are declining for the seventh consecutive week. According to the American Petroleum Institute (API) crude stocks were down by 1.077 million barrels last week after plummeting by 6.432 million a week before. Official information from the Energy Information Administration (EIA) that will be published on Wednesday may suggest that crude inventories will decline by 1.904 million barrels. Analysts surveyed by Global Platts on average expect crude inventories down by 1.6 million barrels. 3. Federal Reserve (Fed) Chair Jerome Powell said that the Fed could tame inflation without undermining economic growth. The closest resistance for Brent crude prices is at $85-85.30 per barrel with the stronger resistance at $86.70 that was recorded in October 2021. The upside which started on December 20, 2021, is strong, and we may expect Brent crude prices to move to this level. But the overall picture may change if prices slide below the trend line at $81.70-82.00. So, long positions in crude could be seen to be justified if prices go above $81.70 per barrel. Several large investment banks share the “bullish” perspective for crude. Morgan Stanley expects Brent crude prices to reach $90 per barrel by the Q3 2022.
OLong
by scavoanastasiia
Brent Crude Oil Short Idea Brent Crude Oil has reached the Key physiological level of 80.00. On Friday the price surpassed the 82.50 area however since then the price has been unable to break past the previous high. On the Daily and 1hr time frame, the RSI levels are in oversold areas which indicates a sell on a short-term bias sentiment. The initial target for this trade is located at 81.20 - followed by 79.62 if the downtrend continues. The stop-loss is located at 82.88.
TVC:UKOILShort
by Orion-Markets
3
Oil Updates for the day 10/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices rose slightly on Monday, as supply bottlenecks in Kazakhstan and Libya countered concerns about the rapid global rise in Omicron infections. Brent crude was up 24 cents, or 0.3 percent, to $81.99 a barrel , while WTI crude in the United States was up 22 cents, or 0.3 percent, to $79.12 a barrel. Protests in Kazakhstan disrupted train lines and impacted production at the country's largest oilfield Tengiz, while pipeline repairs in Libya reduced output to 729,000 barrels per day from a peak of 1.3 million bpd last year. Russia's output appears to be reaching a ceiling as well and these variables "appear to be continuing to construct up a positive narrative for oil Tengizchevroil (TCO), Kazakhstan's largest oil venture, is gradually increasing output to normal levels at the Tengiz field after protesters hampered output there in recent days, operator Chevron (NYSE:CVX) said on Sunday. If Russia invades Ukraine, it might impair Russian crude deliveries to Europe, pushing up oil prices, according to RBC Capital analysts. Rising global demand and lower-than-expected supply additions from the Organization of the Petroleum Exporting Countries, Russia, and allies, or OPEC+, are also helping oil. OPEC output increased by 70,000 barrels per day (bpd) in December, compared to the 253,000 bpd rise allowed under the OPEC+ supply accord, which restored output slashed in 2020 when demand dropped due to COVID-19 lockdowns. Energy companies in the United States began the new year by continuing to add oil and natural gas rigs after boosting the rig count in 2021 after two years of reductions. The oil and gas rig count, a leading predictor of future output, increased by two to 588 in the week ending Jan. 7, the most since April 2020, according to Baker Hughes Co's highly watched report on Friday. Globally, countries ranging from Europe to China and India have imposed restrictions in response to the highly transmissible Omicron coronavirus strain. In the United States, employment increased less than predicted in December due to labor shortages, and job increases may remain modest in the short term as COVID-19 infections spread and impair economic activity. Resistance points for the WTI 1) 81.64 2) 84.21 3) 87.78 Support points for the WTI 1) 75.50 2) 71.93 3) 69.36 Resistance points for the Brent Oil 1) 84.32 2) 86.71 3) 90.27 Support points for the Brent Oil 1) 78.37 2) 74.81 3) 72.42 This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOIL
by GabiDahduh
IF a new bullish impulse is coming. How can I trade it? | USOIL Today, we will look at one of my favorite assets to trade Crude Oil / USoil or the ticker you like the most. The main scenario I want to get ready is a possible bullish movement based on the current price action I'm observing. - Bullish impulse coming from 0 towards 77.5 - 77.5 is a major support resistance that has been working since 2006 - That level worked in two ways in the past every time the past reached it from below. We observed major bearish movements, or we observe choppy conditions on edge with following bullish movements towards prices like 110 Ok, so based on that what can we expect? Based on the current conditions, I can see a lot of similarities between the current bullish impulse with the previous bullish impulse that happened from January 2009 to May 2010. Even the size of the correction happening right now shares deep similarities with the previous one. That's why I'm thinking about this bullish scenario happening in 2022. I have looked for several examples in the past to define the current template I will share here regarding how I want to trade it. This is my conclusion. So, if the price breaks the current correction and makes an 8% to 12% retracement, I will set pending orders on a new high and stop loss below the retracement with a target on the next resistance zone around 110. Of course, this is not happening right now; that's why patience is very important. Also, remember that we are working with statistics; therefore, the scenario may never happen, which is great because you didn't risk any trading capital. The risk I will be taking on a setup like this is 3% of my trading capital; the risk to reward ratio I will be aiming for is 2.5 (for every dollar I'm risking, I'm looking to make 2.5), And the odds of this setup being right would be around 50% based on my historical results trading this asset and backtesting it. Thanks for reading! Feel free to share your view in the comments.
TVC:USOIL
by ThinkingAntsOk
3