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Brent

Strifor || USDCAD-04/04/2024Preferred direction: SELL Comment: The Canadian dollar also perfectly fulfilled its medium-term sell scenario, which we gave earlier. Here, as with AUDUSD , in the short term, the sell-priority remains, and a fall is expected towards the level of 1.34500 , where the nearest support is located. It should be noted that the instrument retains the prospect of falling to the level of 1.34000. We identify two main scenarios for selling, mostly intraday. The likelihood that the seller will be aggressive is high. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
UKOIL daily XABCD bulls 20% upside BUY/HOLD🔸Hello traders, let's review the daily price chart for UKOIL. Speculative XABCD in progress, with 20% upside potential based on the current price action / fundamentals. 🔸XABCD structure is defined by point X at 95.60, point A at 73.20, point B at 92.50, point C at 77.00, point D/PRZ at 105.00, currently most points validated, point D/PRZ pending in May/June 2024 (PRZ/D = 105.00) 🔸Recommended strategy for UKOIL traders: accumulate near market price using low leverage. TP Bulls is 105.00 +20% gains. swing trade setup. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
1
Brent Crude is showing major upside to come to $96.00Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a major global oil benchmark. Oil prices, including Brent Crude, are typically denominated in US dollars on international markets. So when the US Dollar weakens, oil becomes cheaper for holders of other currencies. This increased affordability can lead to higher demand, pushing prices up. 2. Investment Flows A weaker dollar drives investors towards commodities like oil as alternative investments, contributing to price rallies. 3. Economic Implications Dollar depreciation often signals global economic growth, boosting energy consumption and pushing up oil prices. 4. Inflation Expectations Oil is purchased as a hedge against inflation when the dollar weakens, raising demand and prices for Brent Crude. 5. Energy Sector Investments A depreciating dollar lowers operational costs in the energy sector outside the US, potentially tightening supply and elevating oil prices.
ICEEUR:BRN1!Long
by Timonrosso
Strifor || BRENT-14/03/2024Preferred direction: BUY Comment: After a very long accumulation in oil, most likely the buyer is ready for the long-awaited growth. According to the results of yesterday's trading, the price was fixed at the highs, which indicates the strength of the buyer against the backdrop of growing market sales. In this regard, we maintain a strong buy priority towards levels 86 and 87 . Both scenarios are displayed on the chart, where scenario №1 is more likely. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
TVC:UKOILLong
by Strifor
1
Strifor || USDJPY-14/03/2024Preferred direction: BUY Comment: We actively continue to follow our previous bullish scenarios for this currency pair. In general, in the medium term, we expect a strengthening of the US currency , which the Japanese yen will feel the most painfully. Moreover, earlier we talked about the long term, and here it is unlikely that we will have to wait for the price trading below the level of 150 . We expect that the instrument will trade above this psychological level. According to the results of yesterday's trading, the Japanese currency was the first to demonstrate weakness and ready to capitulate against the US dollar in the medium term. A limit seller for JPY has appeared, or rather, a recent limit buyer is fixing his positions. A number of major currencies still have growth potential against the US dollar in the short term, but in the medium term they are likely to follow the same path as the yen. By the way, we also do not rule out a temporary strengthening of the Japanese yen , especially against the backdrop of the publication of PPI and Retail Sales , but it is unlikely that there will be an update of local lows. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Long
by Strifor
7
Strifor || BTCUSD-14/03/2024Preferred direction: SELL Comment: Our previous purchases on the coin were closed with profit. However, surprisingly, the price continues to trade at updated highs and does not roll back. Against this background, it can be argued that the power of the buyer, at least in the short term, is very great. In this regard, the most likely scenario today is a preliminary increase towards the levels of $75 000 and $76 000 , and after that, a potential downward correction may be expected. This market maneuver is described in our scenario №1 , which can be seen on the chart. Scenario №2 assumes a fall from approximately current prices, but this is a less likely scenario. The target for the fall is at the level of $68 000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
BITSTAMP:BTCUSDShort
by Strifor
1
Brent Oil Getting Into A SqueezeLooking at the technical picture of EASYMARKETS:BRTUSD on our daily chart, we can see that the commodity is currently trading in a small range, roughly between the 81.83 and 83.98 levels. At the same, on the bigger picture, the price remains between two trendlines: a short-term upside support line taken from the lowest point of December 2023 and a downside resistance line drawn from the highest point of September 2023. This means that the pair is slowly getting into a squeeze. Although we might see some strong movement in-between the two trendlines, we would prefer to wait for a breakout first, before examining the next short-term directional move. A push through the upper side of the aforementioned range and a break of the previously discussed downside line would also place EASYMARKETS:BRTUSD above the 83.98 barrier, possibly attracting more buying interest. A forthcoming higher high would be confirmed, potentially clearing the way towards the 87.87 zone, marked by the highest point of November 2023. If the buying doesn't stop there, the next aim could be at 89.58, which is the inside swing low of 19th of October 2023. Alternatively, a price-drop below the lower side of the range and a break below the short-term upside line may set the stage for a move to lower areas. EASYMARKETS:BRTUSD could then fall to the 79.44 territory, a break of which might open the door for a move to the 76.64 level. That level marks the lowest point of February. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BRTUSD
by DariusAnucauskas
UKOIL (Brent) Technical Analysis - VideoIn my previous post, I shared my analysis on Brent crude oil. Here's a video explaining the reasoning behind my trade idea: Currently, Brent is trading within a daily range-bound channel. It's pushing against the upper boundary, which hints at a possible retracement to test previous lows. Interestingly, historical data over the past decade suggests that March tends to be a bearish period for Brent. Disclaimer: Remember, this analysis is based on technical factors and should not be seen as direct financial advice. Trading commodities is inherently risky. Before making any trades, always consult with a qualified financial professional and carefully consider your own risk appetite.
TVC:UKOILShort
by fxtraderanthony
UKOIL (Brent) Technical AnalysisBrent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of March. Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading commodities carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
TVC:UKOILShort
by fxtraderanthony
Strifor || GOLD-06/03/2024Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of 2140 , where the historical maximum of gold is located. According to the same scenario №1 , near this level, one can consider a fairly effective setup for a rebound when the historical maximum is reached in the frameworks of the first test. One can count on a downward movement within the daily statistical norm for instrument movement, that is, ~2000 points . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || GOLD-01/03/2024Preferred direction: BUY Comment: Today we offer a short-term trading idea for gold . Metals are currently one of the few instruments for buy, especially in the short term. We are considering growth towards the level of 2070 and even higher towards 2080 . However, at the level of 2070 , in any case, it will be necessary to move the trade to breakeven and even fix part of the two scenarios for your attention, where scenario №1 is still the most likely. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1