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.
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Brentcrudeoil
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.
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"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 🤗
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.
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.
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Bullish Opportunity in Brent! Triple Bottom AheadHi, traders! 👏Welcome back to another technical analysis. Today, we are reviewing Brent Crude Oil on the 4-hour timeframe, and let me tell you: there is a very interesting pattern that could bring a great bullish opportunity!
First, I want you to look at this Triple Bottom pattern I’ve marked on the chart. We have three key points:
Bottom 1, Bottom 2, and Bottom 3, which form solid support around $71.535.
This pattern often indicates a potential trend reversal, and that's why I'm projecting an interesting bullish move.
Now, let's analyze the key levels:
1️⃣ Main resistance at $77.435: This level is critical. If the price manages to break through it, we can expect momentum towards my target, which I’ve marked at $80.159.
2️⃣ Intermediate support at $74.795: This is a reference level in case there are smaller pullbacks before continuing upwards.
3️⃣ Strong support at $71.535: We've already seen how the price reacted strongly in this zone, which validates its importance as solid support.
Additionally, if we look at the RSI, we see that it’s near the 65 zone but not yet overbought. This indicates there’s still room for a bullish move before potential exhaustion.
What am I waiting for? If the price breaks the $77.435, my Buy Limit🚀 is ready to go. I have a stop loss in place and am targeting the level at $81.021, a zone with good profit potential.
⚠️Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
Brent Crude Oil Hits 2.5-Month High in Early 2025Brent Crude Oil Hits 2.5-Month High in Early 2025
The XBR/USD chart shows a strong rally in Brent crude oil prices on January 2–3, breaking above $76.20 for the first time since mid-October.
According to Reuters, this surge was driven by:
- Economic stimulus measures in China, including wage increases for public servants and a significant boost in funding through treasury bonds.
- Forecasts of a colder winter in the US and Europe, potentially increasing demand for oil products.
According to technical analysis of the XBR/USD chart, the price broke out of a consolidation pattern (highlighted in blue) that had confined it in late 2024.
However, signs of waning bullish momentum are emerging:
- At point B, the price only slightly surpassed the previous high at point A before reversing downward, indicating buyer weakness.
- A bearish divergence is forming between the RSI indicator and points A and B.
These signals suggest that Brent crude oil prices could be vulnerable to a correction, potentially targeting the lower blue trendline as a support level.
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.
UKOILSPOT "Brent Crude Oil" Energies Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the UKOILSPOT "Brent Crude Oil" Energies 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. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade at Pullback,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low level.
Goal 🎯: 78.437
80.000
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 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖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 🫂
Brent / UK CRUDE OIL Energy Market Heist Plan on Bullish Side🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the Brent / UK 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. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a bull trade anywhere,
however I advise placing Multiple Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low & high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low level.
Goal 🎯: 75.500
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 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖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 🫂
UKOIL/Brent Crude Oil Energies Market Heist Plan on Bearish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist UKOIL / Brent Crude Oil Energies Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Near the Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry 👇 📉: Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point entry should be in pullback.
Stop Loss 🛑: Recent Swing High using 1H timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Brent Crude Oil Consolidates Ahead of OPEC+ MeetingBrent Crude Oil Consolidates Ahead of OPEC+ Meeting
The ATR indicator on the XBR/USD chart has dropped to its lowest level since early autumn, signalling reduced volatility. This likely reflects market participants awaiting announcements from the OPEC+ meeting scheduled for 1 December.
Overall, Brent crude prices remain under pressure due to:
→ reduced tensions in the Middle East, with reports this week confirming a ceasefire agreement between Israel and the Lebanese militant group Hezbollah;
→ news of rising crude oil inventories in the U.S.;
→ forecasts of slower oil demand growth from China in 2025.
On the other hand, the $70-71 range serves as strong support, marked by key lows from 2023-2024.
From a technical analysis perspective, the fluctuations in XBR/USD oil prices are forming a pattern resembling Andrew’s Pitchfork, although it is not an exact match.
Key observations:
→ The central line has shifted from support to resistance, as indicated by the arrows.
→ The lower line is preventing the price from breaking the year's lows.
If the OPEC+ meeting brings no surprises, the period of reduced volatility may persist, with Brent crude prices fluctuating within this range.
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.
Brent/UK Oil Spot Market Money Heist Plan on Bullish SideHallo! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist Brent/UK Oil Spot Market Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry 📈 : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point take entry in pullback.
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : Focus to scalp only on Long side, If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
💖Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
UKOIL / BRENT CRUDE OIL Market Money Heist Plan on Bullish SideHaaiii!! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist UKOIL / BRENT CRUDE OIL Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Low Point.
Stop Loss 🛑 : Recent Swing Low using 2h timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Scenario Brent Crude OilI will first focus on the marked circle where the overall turning point can take place, if the price does not reach the support, it is quite possible to move from the marked triangle in the direction of the long, because based on Elliott's wave theory, there is a long formation, if the price breaks below this zone, it is quite possible to weaken prices and proceeding to lower prices
Will the World's Most Vital Artery Become Its Achilles' Heel?In the intricate dance of global energy markets, few factors wield as much influence as the Strait of Hormuz. This narrow waterway, often overlooked in daily discourse, stands as a silent titan, controlling the ebb and flow of 21% of the world's daily oil consumption. As geopolitical tensions simmer in the Middle East, the stability of this crucial chokepoint hangs in delicate balance, challenging us to confront a stark reality: how vulnerable is our global economy to disruptions in this single maritime passage?
The potential for conflict to spill over into the Strait of Hormuz presents a fascinating study in risk assessment and market psychology. Despite the looming threat of supply disruptions that could send oil prices soaring to unprecedented heights—some analysts project as high as $350 per barrel—the market remains surprisingly sanguine. This dichotomy between potential catastrophe and current calm invites us to explore the complex interplay of factors that shape oil prices, from geopolitical maneuvering to the subtle influence of alternative supply routes.
As we stand at this crossroads of energy security and global trade, we are challenged to think critically about the future of oil markets and international relations. The Strait of Hormuz serves not just as a geographical feature, but as a mirror reflecting our world's intricate dependencies and the delicate balance of power that underpins global stability. In contemplating its significance, we are invited to look beyond the immediate concerns of oil prices and consider broader questions of energy resilience, diplomatic strategy, and the evolving landscape of international trade in an increasingly uncertain world.
UKOIL "BRENT" Market Money Heist Plan on Bullish Side.Hola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist UKOIL "BRENT" Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan..... 🫂
Brent Crude Oil Analysis==>> Fundamental + TechnicalBrent Crude Oil ( FX_IDC:USDBRO ) began to rise from the Heavy Support zone($71.30-$64.80) after Iran attacked Israel . ( It seemed that before the attack of Iran, Brent oil intended to fall and correction further ).
Today's fundamental analysis of Brent crude oil prices is influenced by several key factors:
Geopolitical Tensions : The ongoing conflict in the Middle East, especially between Iran and Israel, has raised concerns about potential disruptions to oil production and exports. Any attacks on Iranian oil infrastructure, particularly in the Strait of Hormuz, a crucial passage for global oil exports, could reduce supply and drive prices higher. These concerns have contributed to the recent rise in Brent prices, pushing it above $80 per barrel.
Global Demand : China's recent large-scale economic stimulus aimed at boosting recovery has increased optimism for higher oil demand. As the world's largest oil consumer, any rise in demand from China directly influences global oil prices.
OPEC+ Supply Capacity : Although OPEC+ still has significant spare production capacity, there are worries that a severe crisis in the region could overwhelm this capacity, preventing the group from compensating for any sudden drop in supply.
Overall, the short-term outlook for Brent crude appears bullish, driven by geopolitical uncertainties and potential increases in demand from China. However, the market remains cautious to see if these trends will hold over time.
Now, according to the fundamental analysis of Brent Crude Oi, let's see which area is suitable for buying Brent Crude Oi .
Brent Crude Oil is moving near the Support zone and the Support line .
Brent Crude Oil's movement structure is corrective , and we should expect it to move upwards again .
I expect Brent Crude Oil to start rising again from or near the Support zone and at least to $81(Yearly Pivot Point) and then attack the Resistance lines .
Brent Crude Oil Analyze (USDBRO), Daily time frame⏰.
🔔 Be sure to follow the updated ideas. 🔔
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Brent Oil - Potential Upside After Resistance BreakoutBrent is currently testing a key resistance level. If we see a breakout above this resistance, there is a high chance the price will continue upward towards the next target resistance level. It’s important to watch for confirmation signals, such as a close above the resistance or increasing volume, to validate this bullish scenario.
BRENT CRUDE OIL may drop in price by as much as -65%Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe
The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies.
The world's economies have not yet recovered from the Covid-19, and here is another blow.
Expensive energy will stop buying due to the excessive cost of production of "everything", the purchasing power of the population falls. Declining demand for oil will bring down the price.
The fall in the price of Brent oil -25% in the coming months in the area of $78-80 per barrel will be just the beginning.
But looking at the schedule, is striking the price zone of $36-46 to be a strong mirror level and this is -65% of the current price
Maybe this is a fair price for oil, from where a total restart of the world economy can take place by purchasing cheap energy resources.
Perhaps this is symbolic, but for the first time on the historical price chart of Brent, the zone of $36-46 was established as important when there were powerful geopolitical world changes: 1979-1980 - the Islamic Revolution and 1990-1991 - the collapse of the USSR
Brent oil trend moving down or up?Amid supply concerns in the markets, oil prices, which had dropped to the $69.30 level, saw a notable rebound. The American Petroleum Institute reported a 1.9 million barrel increase in weekly crude oil inventories, while a slight decrease is expected in the official crude oil inventories to be announced in the U.S. today. In the U.S., strong expectations remain that the Fed will cut interest rates by 25 basis points today. Therefore, despite the positive risk appetite, Brent oil prices have continued to trade with a bearish trend below the $73.00 level.
Technically, if the 72.35 support level is broken, further declines toward 71.50 and 69.30 are possible. On the upside, if the 73.0 resistance is surpassed, buying momentum could accelerate toward the 74.30 and 75.50 resistance levels.
UK OIL / Brent Crude Oil Bullish Money Heist Plan on Long SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist (UK OIL / Brent Crude Oil) based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2H timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Stay tuned with me and see you again with another Heist Plan.....
Will UKOIL continue its decline?The U.S. Energy Information Administration (EIA) announced that global oil demand will reach a higher level this year, while noting that the increase in production will be lower than previously forecasted. Additionally, the EIA reduced its price forecast for Brent crude oil in 2024 by 2.4%, from $84.44 per barrel to $82.80 per barrel. As a result, Brent crude oil prices fell to the $70.0 level.
Technically, if the 69.30 support level is broken, further declines toward 67.50 and 65.60 are possible. On the upside, if the 71.50 resistance is surpassed, buying momentum could accelerate toward the 73.0 and 74.30 resistance levels.
BRENT Crude Oil Bullish robbery PlanMy Dear Robbers / Money Makers & Newbies,
This is our master plan to Heist BRENT Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.