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Brentcrude

Brent Crude Oil oversold bounce capped at 7110Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action to be an oversold bounce back towards a key consolidation zone, adding pressure to the downside. Key Levels: Resistance: 7110 (current swing low, now resistance), 7240, 7390 Support: 6583, 6500, 6400 Bearish Outlook: Price has broken below 7110, which was a key intraday consolidation level. If Brent Crude sees a short-term bounce but fails to break above 7110, it could resume its downward move toward 6583, then 6500, and possibly 6400 over time. Bullish Scenario: If Brent Crude breaks above 7110 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a rally toward 7240, then 7400. Conclusion: The trend remains bearish below 7110. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 7110 would shift the outlook to bullish in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Brent Crude INTRADAY oversold bounce capped at 6620Brent Crude Oil selling pressure continuation Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside. Key Levels: Resistance: 6620 (current swing high, now resistance), 6774, 6900 Support: 6230, 5870, 5480 Bearish Outlook: Price has broken below 6900, which was a key intraday consolidation level. If Brent Crude sees a short-term bounce but fails to break above 6620, it could resume its downward move toward 6230, then 5870, and possibly 5480 over time. Bullish Scenario: If Brent Crude breaks above 6620 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a rally toward 6770, then 6900. Conclusion: The trend remains bearish below 6620. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 6620 would shift the outlook to bullish in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Brent Crude Price ConsolidatesBrent Crude Price Consolidates When analysing the Brent crude oil price chart six days ago, we: → identified a downward channel marked in red; → noted that the median line was acting as resistance; → suggested the price could find support at the lower boundary of the channel, reinforced by the psychological $60 per barrel level. As shown on the XBR/USD chart, since then: → the price has indeed rebounded from the lower boundary (as indicated by the arrow), rising from its lowest level in nearly four years; → the median line has reaffirmed its role as resistance (highlighted by the marker). Why Is Oil Consolidating? From a technical perspective, several indicators suggest the market is consolidating. Notably, both the ADX and ATR indicators are trending downwards, which may be interpreted as a weakening of price momentum and volatility. Additionally, Brent’s price currently hovers around the channel’s median line — a level where supply and demand often reach equilibrium. From a fundamental standpoint, it’s reasonable to assume that the current price has already factored in the latest developments surrounding the global trade war. However, another round of bold statements from the White House could still trigger a fresh move on the XBR/USD chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
"UK oil / Brent" Energy Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK oil / Brent" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (65.500) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the recent/swing low level Using the 1H timeframe (61.500) Scalping/Day trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 70.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸🛢"UK oil / Brent" Energy Market Heist Plan (Scalping/Day) is currently experiencing a bullishness,., driven by several key factors. 👇👇👇 📰🗞️Get & Read the Fundamental, Macro Economics, COT Report, Inventory and Storage Analysis, Seasonal Factors, Sentimental Outlook, Intermarket Analysis, Future trend targets & Overall Score... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
FX:UKOILSPOTLong
by Thief_Trader
Brent Crude Oil downtrend continuation below 6350Brent Crude Oil selling pressure continuation Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside. Key Levels: Resistance: 6350 (former support, now resistance), 6622, 6774 Support: 5762, 5505, 5040 Bearish Outlook: Price has broken below 6350, which was a key intraday consolidation level. If WTI sees a short-term bounce but fails to break above 6350, it could resume its downward move toward 5760, then 5505, and possibly 5040 over time. Bullish Scenario: If Brent Crude breaks above 6350 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a rally toward 6620, then 6770. Conclusion: The trend remains bearish below 6350. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 6350 would shift the outlook to bullish in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Brent Crude Price Continues to FallBrent Crude Price Continues to Fall Today, the price of Brent crude has dropped below $60 per barrel, marking its lowest level since March 2021. As shown on the XBR/USD chart, from the start of 2025, the price saw a rise of around 2.6% at the end of March 2025. Why is oil falling? The key driver is the escalation of the trade war. Yesterday, the US President announced the imposition of additional tariffs on trade with China, bringing the total to 104%. The decline in Brent prices seems to reflect traders' concerns about the risks of a global recession. Oil price forecasts for 2025 and 2026 Yesterday, analysts at Goldman Sachs released their oil price forecasts for Brent and WTI crude. They expect prices to reach $62 per barrel for Brent and $58 for WTI by December 2025. By December 2026, they anticipate a further decline to $55 and $51, respectively. However, analysts caveat that these forecasts are based on the assumption that the US will avoid a recession and that OPEC+ countries will increase their supplies. In the event of a global economic slowdown, Brent prices could drop to $40 by the end of 2026. Technical analysis of the XBR/USD chart today The sharp decline in Brent prices has resulted in a forceful breach of key lows from 2024 and 2025 around the $68.68 level. Additionally, the XBR/USD chart shows that the price continues to follow a downward channel (indicated in red), with the following levels acting as resistance (marked by arrows): → The upper boundary of the channel; → Its median (previously acting as support) – indicating the dominance of supply forces. It is possible that the lower boundary of the channel, strengthened by the psychological level of $60.00, will provide support, slowing the bearish progress of Brent prices. However, the key factor will undoubtedly be the news flow, with sharp statements from the White House. Traders are focusing on how China will react to the 104% tariffs announced by Donald Trump. As Reuters reports, the President stated yesterday, "We have many countries coming to us wanting to make deals," adding that he expects China to also seek an agreement. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
"SPOT BRENT CRUDE OIL" Energy Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "SPOT BRENT CRUDE OIL" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (71.200) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent / nearest low level Using the 30mins timeframe (69.500) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 74.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 🛢️ "SPOT BRENT CRUDE OIL" Energy Market Heist Plan (Day Trade) is currently experiencing a bullishness,., driven by several key factors. 📰🗞️Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Sentimental Outlook, Future trend predict. Before start the heist plan read it.👉👉👉 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
BLACKBULL:BRENTLong
by Thief_Trader
2
Brent Crude Oil INTRADAY key trading level at 74.20Brent Crude Oil maintains a bullish sentiment, aligned with the prevailing uptrend. The recent price action suggests a corrective pullback toward a key support zone. Key Level: 74.20 This level represents the previous consolidation range and now acts as a crucial support area. Bullish Scenario: A bounce from 74.20 could see Brent resuming its upward trajectory, targeting 75.80, followed by 76.40 and 77.40 in the longer term. Bearish Scenario: A break below 74.20 with a daily close under this level would weaken the bullish outlook, potentially leading to further declines toward 73.00 and 72.00. Conclusion: Brent Crude Oil remains bullish unless it loses support at 74.20. Traders should monitor this level for either a bounce or a breakdown to confirm the next move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Brent Crude Oil Price Rises Above $71Brent Crude Oil Price Rises Above $71 Brent crude oil is trading above $71 per barrel today, marking its highest level since late February. As shown on the XBR/USD chart, the price surged by approximately 2.6% on the last day of March. Why Has Oil Risen? Bullish sentiment in the market is driven by the US President’s stance on Russia and Iran. According to Trading Economics: ➝ Trump has vowed to impose tariffs of 25–50% on buyers of Russian oil if he believes Moscow is obstructing his efforts to end the war in Ukraine. This could put pressure on key importers such as India and China. ➝ He has also threatened Iran with further tariffs and airstrikes until the country agrees to abandon its nuclear weapons programme. The rise in Brent crude prices appears to reflect traders’ concerns over potential disruptions to global oil supply chains. Technical Analysis of XBR/USD In early March, oil formed a bullish Double Bottom pattern (see the lows on 5 and 11 March), followed by an upward trend within a rising channel (marked in blue). Notably, the XBR/USD chart shows that the price: ➝ Has moved into the upper half of the channel. ➝ Broke through key resistance at around $70.25, a level that previously acted as support multiple times (as indicated by the arrows). As a result, the median of the channel, reinforced by the $70.25 level, may now serve as support, keeping Brent crude within the blue channel. However, market direction will likely depend on the news cycle, particularly sharp statements from the White House. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XTIUSD
by FXOpen
Brent Crude INTRADAY oversold bounce back The Brent Crude Oil price action remains bearish, in line with the prevailing downtrend. The recent move suggests an oversold bounce, but overall sentiment remains weak unless a significant breakout occurs. Key Levels to Watch: Resistance Levels: 74.25 (critical level), 74.90, 75.90 Support Levels: 71.70, 70.70, 69.13 Bearish Scenario: A rejection from the 74.25 resistance level could confirm the bearish outlook, leading to further downside movement toward 71.70, with extended losses targeting 70.70 and 69.13 in the longer timeframe. Bullish Scenario: A breakout above 74.25 with a daily close above this level would challenge the bearish sentiment, opening the door for further gains toward 74.90, followed by 75.90. Conclusion: The market sentiment remains bearish, with the 74.25 level acting as a key resistance zone. A rejection from this level could reinforce the downside trend, while a confirmed breakout would shift the outlook to bullish, favoring further upside. Traders should closely monitor price action at this critical level for confirmation. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
XBR/USD Analysis: Price Near Resistance ZoneXBR/USD Analysis: Price Near Resistance Zone As seen on the XBR/USD chart, Brent crude oil prices are hovering near last week’s highs this morning as market participants assess various influencing factors, including: → New U.S. sanctions on Iran, which are limiting its export capacity and tightening global supply, particularly to China. → Ongoing negotiations between the U.S., Ukraine, and Russia in Saudi Arabia, which could potentially lead to increased Russian oil exports. → OPEC+ plans to raise oil production starting in April. Technical Analysis of XBR/USD From a technical perspective, Brent crude oil is trading near a key resistance zone, which consists of: → A bearish Fair Value Gap (highlighted in purple). → The upper boundary of the descending channel. → The upper boundary of a narrowing triangle (shown in black), which can be interpreted as a Rising Wedge pattern. The Rising Wedge may represent a corrective rebound within a broader bearish trend. If buyers fail to break through this resistance zone, Brent crude prices could resume their downtrend within the red channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
Brent Crude INTRADAY ahead of US inventories reportThe Brent Crude price action remains bearish, driven by the prevailing downtrend. Recent price movements indicate persistent selling pressure, with rallies being met with resistance. Key Levels: Resistance: The critical resistance level to watch is 7240, the current intraday swing high. An oversold rally toward this level followed by a bearish rejection would reinforce the downtrend. Support: On the downside, the next key support levels are located at 6975, 6875, and 6780, marking potential targets over a longer timeframe. Bullish Scenario: A confirmed breakout above the 7240 resistance level, accompanied by a daily close above this point, would invalidate the bearish outlook. Such a move could signal renewed buying interest, paving the way for a rally toward the 7300 resistance level, followed by 7450. Conclusion: The sentiment remains bearish as long as the 7240 resistance holds. Traders should be cautious of oversold rallies, as they could present selling opportunities near resistance. A decisive breakout above 7240 would indicate a potential shift in sentiment, favoring further gains. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Crude Oil Prices: Double-Edged Sword for Indian Marketers The global crude oil market, a volatile beast, dictates the energy landscape for nations worldwide.1 For India, a nation heavily reliant on oil imports, the fluctuations in crude oil prices carry significant implications.2 While a dip in crude oil prices might seem like a welcome relief, especially for consumers, it presents a complex and often challenging scenario for oil marketing companies (OMCs) operating within the Indian market. This seemingly beneficial drop in prices acts as a double-edged sword, bringing with it a unique set of complexities that stem from market dynamics, government policies, and the intrinsic characteristics of the oil and gas sector.3 The initial and seemingly positive impact of lower crude oil prices is the potential for reduced import costs.4 For a country like India, where a substantial portion of its energy needs are met through imports, this can lead to a decrease in the overall expenditure on crude oil. This reduction can, in turn, alleviate pressure on the nation's current account deficit and theoretically translate to lower fuel prices for consumers. However, this potential benefit is often overshadowed by the ever-present threat of government intervention through excise duty hikes. Governments, seeking to bolster their revenue, often capitalize on falling crude oil prices by increasing excise duties on petrol and diesel.5 This strategic move allows them to capture a significant portion of the savings that would otherwise be passed on to consumers. For OMCs, this translates to a reduction in the potential for increased margins. While they still benefit from reduced raw material expenses, the extent of the gain is substantially diminished. This delicate dance between market forces and government policies creates a complex environment for OMCs to navigate. Furthermore, the expectation of price cuts for end consumers becomes a significant challenge for OMCs. Consumers naturally anticipate a corresponding reduction in fuel prices when crude oil prices decline. However, OMCs must carefully balance this expectation with the need to maintain their financial health. Rapid and substantial price cuts can strain their profitability, especially when coupled with excise duty adjustments. This balancing act requires a delicate approach, as OMCs must ensure their financial stability while remaining responsive to consumer demands. Beyond the immediate impact on OMCs, lower crude oil prices pose a significant challenge to the upstream oil and gas sector. Upstream companies, involved in exploration and production, are directly affected by the decline in realized prices for their crude oil. This can lead to reduced profitability, delayed or cancelled investment projects, and even financial distress for some companies. The economic viability of many oil and gas fields is contingent on a certain price threshold. When prices fall below this level, production becomes less attractive, potentially hindering future energy security. The impact on the gas sector is particularly noteworthy. Natural gas economics are often intertwined with crude oil prices, with gas prices sometimes linked to oil price benchmarks.6 A decline in crude oil prices can thus indirectly affect gas prices, making gas production and distribution less profitable. This can have broader implications for the energy sector, as natural gas is increasingly seen as a cleaner alternative to other fossil fuels.7 Reduced investment in gas infrastructure and production can hinder the transition towards a more sustainable energy mix. Moreover, the volatility associated with fluctuating crude oil prices creates uncertainty for OMCs and the entire energy sector.8 Long-term planning and investment decisions become more difficult when the market is subject to rapid and unpredictable price swings. This uncertainty can deter investment in new projects and hinder the development of a stable and reliable energy supply. This volatility necessitates a robust and adaptable strategy for OMCs to navigate the unpredictable market. From a macroeconomic perspective, while lower crude prices can potentially stimulate economic activity by reducing fuel costs for businesses and consumers, the potential for reduced government revenue due to lower oil prices (if excise duties are not increased) must be considered. In a country like India, where government revenue is crucial for funding infrastructure projects and social programs, a significant decline in oil-related revenue can have far-reaching consequences. This highlights the need for a balanced approach to fiscal policy, ensuring that government revenue remains stable while providing relief to consumers. The challenges posed by lower crude oil prices highlight the need for a balanced and nuanced approach to energy policy. Governments must strike a delicate balance between providing relief to consumers, maintaining fiscal stability, and supporting the long-term health of the oil and gas sector. This requires careful consideration of excise duty adjustments, pricing mechanisms, and investment incentives. A coherent and forward-looking energy policy is essential to navigate the complexities of the global crude oil market and ensure the nation's energy security. In conclusion, while lower crude oil prices may appear to be a boon, they present a complex set of challenges for OMCs and the broader Indian oil and gas sector. The potential for excise duty hikes, concerns about price cuts, and the impact on upstream realisations and gas economics create a double-edged sword scenario. Navigating this complex landscape requires careful policy decisions and a comprehensive understanding of the intricate dynamics of the global energy market. OMCs must remain adaptable and resilient, while governments must implement policies that balance consumer needs with fiscal stability and long-term energy security.
BLACKBULL:WTI
by bryandowningqln
Brent Crude Price Breaks Key Support LevelBrent Crude Price Breaks Key Support Level Today, Brent crude is sliding towards the psychological $70 per barrel mark, with the XBR/USD chart showing a break below a key support level (marked in blue) that had been holding since autumn last year. Why Is Brent Crude Falling? The bearish sentiment in the market is driven by OPEC+’s decision to increase oil production, contrary to analysts’ expectations that existing output cuts—designed to support prices—would remain in place. According to the Wall Street Journal, analysts now predict: → Oil production will rise by 137,000 barrels per day from April 2025 to September 2026. → Brent crude may drop below $70 per barrel. Technical Analysis of XBR/USD From a long-term perspective, Brent crude is forming a descending channel (marked in red), connecting the April and July 2024 peaks. The break below this support level could signal a renewed downtrend following a prolonged period of consolidation. If XBR/USD sees a short-term recovery from its yearly lows, key resistance levels to watch include: → The midline of the descending channel. → The former support level (marked in blue). Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
UKOIL (Brent Crude)UKOIL (Brent Crude) has recently tested a strong support level at $73.80, where buying pressure has prevented further declines. This level has historically acted as a significant price floor, indicating a potential reversal or continuation of bullish momentum. Bullish Scenario: As long as UKOIL remains above $73.80, we can expect an upward move toward the next resistance levels. The first key resistance is at $74.70, a level where sellers have previously shown interest. If price action remains strong, the next upside target would be $75.30. Bearish Scenario: If UKOIL fails to hold $73.80 and breaks below this level, it may signal a further decline.
CAPITALCOM:OIL_BRENTLong
by Pipsview_Analysis
BRENT Crude The Week Ahead 17 Feb 25 The BRENT Crude (Brent Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 7685, 20 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 7685 level could target the downside support at 7400 followed by 7300 and 7225 levels over the longer timeframe. Alternatively, a confirmed breakout above 7685 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7780 resistance followed by 7840 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Brent Crude Price Drops After Trump’s Call with PutinBrent Crude Price Drops After Trump’s Call with Putin According to the XBR/USD chart, the price of Brent crude oil fell by more than 2% in a single day. This decline followed an announcement by US President Trump that he had spoken with Russian President Putin, discussing various global issues, including the war in Ukraine. As reported by Reuters, this has raised expectations that a potential peace agreement between Ukraine and Russia could involve lifting sanctions, which have disrupted global oil supply flows. Technical Analysis of XBR/USD On 7 February, we highlighted key support at $74. Since then, the price has risen (as indicated by the arrow) to $77, which has confirmed its role as resistance. Brent crude price movements outline a descending channel (marked in blue), with: → Bullish perspective: The $74 level may still act as support. → Bearish perspective: The $75.50–$75.80 zone, where sellers have shown dominance, could challenge bulls attempting to push prices into the upper half of the channel. Rising US oil inventories, the prospect of increased production under President Trump, and expectations of sanctions on Russia being lifted could all contribute to Brent crude revisiting its 2025 lows. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
BRENT - Intraday forecast, Technical Analysis & Trading IdeasMidterm forecast: While the price is above the support 68.485, beginning of uptrend is expected. We make sure when the resistance at 81.651 breaks. If the support at 68.485 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 81.735 on 01/15/2025, so more losses to support(s) 73.868, 71.698, 70.505 and minimum to Major Support (68.485) is expected. Take Profits: 75.270 77.558 79.049 81.651 84.161 87.271 91.613 95.108 98.908 103.260 106.431 115.785 123.265 131.000 __________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BLACKBULL:BRENTLong
by ForecastCity
20
Crude Oil Price Hits New 2025 LowCrude Oil Price Hits New 2025 Low As shown on the XBR/USD chart, the price of Brent crude oil dropped to $73.92 yesterday: → this marks a new low for 2025; → the decline since 15 January exceeds 9%. Bearish sentiment is being driven by Trump's policies. According to Reuters, the Brent crude price is falling due to: → US President Donald Trump’s renewed trade war with China; → threats of tariff hikes for other countries; → high oil inventory levels in the US; → Trump’s promise yesterday to increase US oil production. Additionally, the US Treasury Department announced yesterday that it was imposing new sanctions on several individuals and tankers involved in delivering millions of barrels of Iranian crude oil to China each year, adding to the volatility of Brent crude prices. Could the Brent crude price continue to fall? From a technical analysis perspective of the XBR/USD chart, we can see that the price has dropped to a key support level around $75 per barrel. At this level, bulls had the upper hand, managing to break a major resistance line at the end of 2024. It is possible that bulls remain strong in this price range, and the long lower wick on the candlestick—marked with a blue arrow—supports this idea. On the other hand, bears appear to be gradually gaining control at increasingly lower levels (as indicated by the red arrows): → the $77 level acted as resistance when Brent crude prices moved in February; → the $75 level has now shifted from support to resistance. Given these factors, it is reasonable to assume that supply and demand forces may balance each other out at current levels, leading to signs of consolidation in the Brent crude price chart. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
2
"BRENT / UK OIL SPOT" Energy Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "BRENT / UK OIL SPOT" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (74.500) then make your move - Bearish profits await!" however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high or low level should be in retest. Stop Loss 🛑: Thief SL placed at 78.800 (swing Trade) Using the 4H period, the recent / nearest low or high level. SL is based on your risk of the trade, lot size and how many orders you have to take. Target 🎯: 71.000 (or) Escape Before the Target Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: "BRENT / UK OIL SPOT" Energy market is currently experiencing a Neutral trend (there is a higher chance for Bearish)., driven by several key factors. 🟠Corporate Traders: Fundamental Analysis: Bullish, citing growing demand for oil and supply constraints. Macro Economics: Bullish, expecting a global economic recovery to drive oil demand. Sentimental Analysis: Bullish, with 58% of corporate traders holding long positions. COT Report: Bullish, with corporate traders holding 100,219 long contracts. 🔴Investor Traders: - Fundamental Analysis: Neutral, citing uncertainty around global oil demand and supply. - Macro Economics: Neutral, expecting a slow global economic recovery to impact oil demand. - Sentimental Analysis: Neutral, with 50% of investor traders holding long positions and 50% holding short positions. - COT Report: Neutral, with investor traders holding 40,109 long contracts and 35,219 short contracts. 🟤Hedge Fund Traders: - Fundamental Analysis: Bearish, citing rising US oil production and global supply concerns. - Macro Economics: Bearish, expecting a global economic slowdown to impact oil demand. - Sentimental Analysis: Bearish, with 60% of hedge fund traders holding short positions. COT Report: Bearish, with hedge fund traders holding 80,109 short contracts. 🟢Institutional Traders: - Fundamental Analysis: Bearish, citing rising US oil production and global supply concerns. - Macro Economics: Bearish, expecting a global economic slowdown to impact oil demand. - Sentimental Analysis: Bearish, with 62% of institutional traders holding short positions. COT Report: Bearish, with institutional traders holding 120,000 short contracts. 🟡Overall Outlook: - Bearish: 55% - Bullish: 25% - Neutral: 20% Based on the comprehensive analysis, the outlook for Brent UKOIL Spot Commodity CFD is bearish, with a target price of around $62-$65 per barrel. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤗
BLACKBULL:BRENTShort
by Thief_Trader
1
Brent Crude Oil At Key Resistance - Will It Drop to 78.00?ICMARKETS:XBRUSD is at a key resistance area, marked by historical price reactions and strong selling pressure. This zone has been a reliable turning point for bearish reversals in the past. If bearish confirmation emerges, such as strong upper wicks or bearish candlestick patterns, I expect the price to move toward 78.00. A breakout above this resistance, however, would invalidate the bearish scenario. Traders should remain cautious and use proper risk management when approaching this level.
ICMARKETS:XBRUSDShort
by DanieIM
Brent Oil Price Drops from 2025 HighBrent Oil Price Drops from 2025 High If you follow FXOpen’s publications, you may recall how in 2024, we repeatedly analysed the XBR/USD chart and drew several key parallel lines. For example, in our publication at the end of November. This is significant because the uppermost of the three lines drawn last year acted as resistance, where the current peak of 2025 was formed, as shown by the arrow. Price fluctuations in the context of these three lines can be interpreted as follows: → The middle line suggests the zone where the fair value of a barrel is likely to be. This is supported by the fact that at the beginning of 2025, the price consolidated near the middle line around the $76 mark; → The rise to the upper line indicated an overbought market condition. Subsequently, like a pendulum, the price of Brent oil began to move in the opposite direction – down towards the middle line, where the fair value is presumably located. The current dominance of sellers is supported by: → Trump’s intentions to develop new oil fields, increase exports, and move away from the “green transition”; → A reduction in geopolitical tensions – notably, the ceasefire and prisoner exchanges between Israel and Hamas. It is possible that the sellers’ momentum will continue, as the revival of the US economy through cheap oil may be part of the strategic plans of the new team in the White House, which would drive the trend towards the middle line on the XBR/USD chart. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
2