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Brentcrude

Brent crude soars on OPEC surpriseThursday's OPEC+ meeting became a market-mover event, as members announced that production cuts would be extended in April. This caught the market completely off guard, as OPEC+ was widely expected to raise output by 500,000 barrels per month. Instead, OPEC+ has opted to hold back some 9.2 million barrels from the market each day, until at least the beginning of May. Crude responded to the OPEC+ announcement with sharp gains. Brent crude jumped 4.84% on Thursday, its highest one-day gain in two weeks. With an additional gain of close to 1 percent on Friday, Brent crude punched above the USD 68 line for the first time since January 2020. Oil prices have soared since November 2020, with Brent crude jumping a staggering 76% during that time. The key question now for investors and traders is whether the uptrend will continue, or will we see a levelling off in oil prices. The fact that the global economy is slowly recovering from Covid-19 should translate into higher demand for crude and maintain upward pressure on oil prices. At the same time, OPEC members are notorious for not abiding by production limits, which could put a curb on higher prices. In other news on the crude oil front, the EIA Crude Oil inventories report showed a record-high surplus of 21.6 million barrels. However, this figure was distorted by the recent Texas storm, which resulted in huge stockpiles due to refiners being unable to take on crude shipments. Prior to today's EIA release, nine of the past 11 readings have shown drawdowns, and with significant pent-up demand in the US economy, this trend could well continue. Brent crude has broken above resistance at the overnight high of 67.72 and double top, with the next resistance at 71.52, which has held since May 2019. Support is distant between USD62.03 and USD62.48.
FX_IDC:USDBRO
by OANDA
USDBROUSA Brent Crude Oil has lost its 55$ channel and falls into 54~55 but the bearish power last week was so strong that I don't think that the chart may go back in its previous channel for now so as the market open as the money flows in the chart goes a lil bit higher but it counts as a pullback and then more corrections so be ware with your assets if you are a trader and not a holder its all price and fib retracements and 2 classic indicators (must be enough) for such a clear chart
FX_IDC:USDBROShort
by the-crypto-analyzer
1
Oil Time For Reversal - Short TradeOil Short Trade Entry: $53.76 TP & RR: $52.41 Stop Loss: $54.51 REASONS FOR THE TRADE So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due. The Stop Loss is well above the channel and similarly to the trade from a few days ago, if the price starts pushing up we will close the position because a spike up should follow.
TVC:USOILShort
by Quant_
USOIL Ascending Triangle - Long PositionUSOIL Long Order Entry: $51.04 TP & RR: $52.49 (2.54) Stop Loss: $50.47 USOIL Short Order Entry: $51.50 TP & RR: $50.01 (4.14) Stop Loss: $51.86 REASONS FOR THE TRADE As you can see I have mapped two potential trades here, but since the first one is Long, that's the center of the analysis here. What we see is an ascending triangle in an uptrend, so I expect Oil to have an explosive move up (no pun intended). With that being said, I also think that this trend is starting to get a bit exhausted, so if the price breaks down from the lower trendline I will be looking to open a short position. Alternatively, if it reaches the upper trendline I will hedge my long with a short to protect my profits and look for a suitable place to close the losing trade.
TVC:USOILLong
by Quant_
WTI & BRENT: Santa was very nice to us this year! (MOVE ↑ of $2)Hello. My name is Francois Normandeau. Here is a quick recap of today's trade on West Texas intermediate on the left and Brent oil on the right we can see that we had an entry here on the short term momentum indicator. The close of the trade is when either one of those two indicators leave the by zone. So this happen here at 12:23 p.m. And price was 4828. So in the end this one from 46:29. To 4828 This main trade lasted about 10 hours and a half. A move up of about $2 on us oil and $1.85 on Brent… a substantial move. We can see here move confirm on this modified ADX indicator here. One move, one leg, consolidation, second move, the second leg, so we can see this here this up move is here and then a consolidation and then a second up move, which is this one here and we see the same thing on Brandt on the other side. We have the signal for an entry on the short term momentum indicator here and a second signal for an entry on this midterm momentum indicator here and the signal for the close here when we see one of those two indicators leave the buy zone . This would have been I've been the close of the trade and the same logic applies to Brent for the entry for a trade here. A second signal can be seen here and the signal for the end of the trade here, confirmed. So quick recap on a very interesting trading day today. My name is Francois Normandeau and I will post more information on our website ADX-BRIEFING. Thanks. Take care and have a good week. Merry Christmas to you and those you love. Francois Normandeau Institutional Research Director for ADX-BRIEFING TVC:USOIL NYMEX:CL1! TVC:UKOIL
TVC:UKOIL
by Pine_Academy
WTI & Brent : important UP day. Trade of 70 pips, closed.Hello. My name is Francois Normandeau. This is a trade recap for ADX-BRIEFING. Here is the most important trade of the 2nd half of the week. 70 pips on WTI and 70 pips on Brent. TVC:USOIL TVC:UKOIL Closed over an hour ago and then, we initiated a short position on both markets. We have some profit on this new trade but nothing substantial as of yet. Mode info in the video and on the site. Wishing you a great weekend. F. Normandeau Institutional Research Director for ADX-BRIEFING
TVC:USOIL
by Pine_Academy
4
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