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Brentcrude

UKOIL - will be a breakdown trendtrend support may not be able to withstand. Two peaks show the reversal. what do you think? there will be a breakdown You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
TVC:UKOILShort
by Yuriy_Bishko
8
USD/RUB - Sell Update In this video update to a previous video I posted on selling USD/RUB, we look the Dollar getting weaken against the Ruble and a perfect time to enter a short sell-set up. The Ruble has a number of factors supporting it's strength agaisnt the Dollar. 1.) Higher interest rates mean selling the currency pair gives you a positive overnight carry trade opportunity. 2.) Higher Oil prices will support the Russian Ruble as Oil makes up 55.92% of Russia's exports. 3.) A weaker U.S Dollar and negative current account balance should further depreciate the dollar. The one risk to a downside sell is U.S Sanctions on Russia should the Joe Biden take a tough stance with Russia. We look at Entry price, stop loss and take profit targets for this trade idea.
Short
by KayansMarkets
2
Brent Crude: Sell Opportunity 🛢Hello traders, as discussed in our Morning Meeting, here is the setup in Brent crude that we're following. OPEC has a two-day meeting with Russia discussing the recent oil rally, and reports emerged that some members are reluctant to cut their production, putting pressure on oil prices. Brent has already formed a fresh swing low, showing acceptance of lower prices. I am looking for a retracement to the first blue liquidity zone before considering a short based on price-action and volume .
OANDA:BCOUSDShort
by MujkanovicFX
Be ready for a Bullish Scenario on Crude OilToday, we will analyze Crude Oil to understand a possible Bullish movement. Let's go to that. The main reason we are thinking about a new impulse on Crude oil is that we had a breakout of a Huge Corrective Structure (A perfect ABC pattern, also known as Flag Pattern) Flag patterns are Continuation structures. That means that they tend to resolve in the same direction as the previous impulse. -After 80 days of sideways movement, a breakout in any direction should be an interesting item to pay attention to the possible continuation of that impulse. In this case, we had a Bullish Breakout. - Which is the length of the movement we can expect? To answer that, we will pay attention to the past bullish movements that happened from the current support zone towards the next resistance zone. In this case, we observe a possible target of 48.90 - 51.00. If you have opened long setups, those values should be considered as a take-profit zone. -The new impulse can take around 40 to 70 days to be completed based on the previous movements. -Remember: Trade Safe, protect your capital, and always understand what you are doing! Thanks for Reading!
TVC:USOILLong
by ThinkingAntsOk
1
COVID retracement comingLook at Oil chart. 20 days ago I've noticed bulls weakness and now we witness full retracement week. First visible bounce happened yesterday, but it may easily continue lower to 38.77 / 37.84. Stocks are joining the bearish show. Looks like COVID is coming back. France is went up to 4th place in the world in active cases. India took the second. While fairytales about vaccine are multiplying, no one really knows what to expect during Autumn months, when flues are most active. I think we may expect a bounce to 43-44 within nearest days/weeks. Will use it to exit as much stocks as I can. Maybe open shorts. Week chart doesn't bring anything bullish.
TVC:UKOIL
by WiseAnalyze
CRUDE OIL Short to Target $20.00 by Christmas 2020.BRENT OIL 1 Week Chart, with Ichimoku Cloud. So we all know from May this year that about $20.00 is the limit where OPEC & Russia will start holding hands and interfere with the oil price. And you think about the below reasons, and look at the Weekly chart.... Reasons: 1. COVID - Economies around the world are NOT recovering to previous levels, LESS consumption by Industry. 2. COVID - More companies are adjusting to remote work, LESS driving, LESS gas consumption bu cars. 3. CHINA - China bought all the cheap available oil, latest prediction is that it would take 45 days just to use that stored oil 4. TANKERS - More tankers are available after they transported oil, More oil to go to floating tankers for storage 5. SAUDI ARABIA - Just had to lower its oil sale prices, 6. RUSSIA - Still eyeing a clash with Saudis 7. OPEC - Turns out UAE produced over its quotas, Iraq wants to be out of the limitations. 8. US SHALE - Some still have to produce, adding to the glut 9. AIRLINE INDUSTRY - Jet fuel consumption have never been this low, and doesn't seem it will be able to recover anytime soon. Conclusion: A SHORT position today ($41.35) with a STOP LOSS of $44.50, TARGET of $20.00... And all in 15 Weeks before Christmas... If the price breaks above $44.50, before Christmas, the trade is null. *NOT an investment advice!*
FX:UKOILShort
by mehmetozgurkaragozoglu
1
Brent Pullback, Sellers to Take over?Last week we saw brent oil break the 50% retracement level from the free fall in price from over supply and lack of demand from the corona virus at the start of the year. This week we have seen a pullback edging to this retracement level, will the bulls continue to prop the market up or has momentum finally ran out? With fundamental data showing a gloomy economic forecast and coronavirus cases starting to rise is this the moment we see large selling within the market?
TVC:UKOILShort
by Calumjk