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Brentcrudeoil

Brent Crude Oil above major support, watch for a break!Brent crude oil is starting to show bearish signs and a potential reversal. Our major support remains at 68.60 (Fibonacci retracement, horizontal overlap support) and a break of this would trigger a bearish move down to support at 65.98 (Fibonacci retracement, horizontal pullback support). We can see that price has made a recent bearish exit of an intermediate ascending support-turned-resistance line triggering a potential reversal. Stochastic (34,5,3) is seeing a pullback to 54% intermediate resistance where we expect a further drop from. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
OANDA:BCOUSDShort
by Tickmill
1
BRENT CRUDE OIL - BUY! Long Term At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month. Now we've got little correction. But we've got also a strong bullish chanel built from june last year. So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year. And one pink TL. But I think zones and all that stuff could be only a chance for local correction. First target is around 95 $ (pink TL crossing channel), second target 100 $ (psychological barrier) and then mayby even higher? With this speed & movement in this channel we can reach 100 $ level circa september this year. Negation of this scenario: - of course if OIL break down lower range of channel especially in the area of zones or resistance - it could be biggest correction, consolidation or even change of actual trend. - if OIL break up channel- then the appreciation can be faster. I think TA in TF 1 Month could be very helpful too. Check up place's where the candle bodies contact each other in this TF. And check up fundamental economic events such OPEC decisions and oil reserves.
TVC:UKOILLong
by siZ
Bullish BRENT CRUDE for 8/218/18's candle closed above the 3 SMMA after closing below on 8/17. Therefore, I am expecting 8/21's candle to close above the 3 SMMA . I will be looking for buy signals on the hour time frame that look similar the buy signal on the daily that you see here (candle close below 3 SMMA , then candle close above 3 SMMA ). This is a day trading technique and I will not hold any position over night. My plan is to place 2 trades once I get a buy signal on the hour time frame. One trade will have a 20 pip stop and a 20 pip take profit target. The second trade will have a 20 pip stop and no take profit target. The second trade is designed to grab any strong bullish movement for the day. Each trade is worth 1% of my beginning daily account value.
TVC:UKOILLong
by BACapitalManagement
OIL Brent Crude OilOIL under observation for possible LONG positions. The indicator in my algorithm has shown good results in this last month on the Daily chart (blue rectangles in the original post on my blog). This ticker has been ranging in a box between 53.00 and 56.85 (apart from a couple of false breakouts long) which suggests - together with macro indicators - that the price is being contained in that area. The moving averages on Friday seemed to be pointing to the LONG side and a price confirmation would trigger the trade. Another interesting indicator would be the breaking of the level at 59.00 which might potentially skyrocket the price in the area of the 67.00. A box break Long would thus have a first cap at 59.00 whereas a break Short would meet a first support in the area of 49-ish and another further down to 44.5 Given the bullish sentiment for this ticker, even in case the breakout goes short at the moment I would aim at the first take profit, as it is currently not probable that the ticker depreciates down to the 44. Prices refer to this chart and may vary with other platform/brokers. I always discuss and follow up these ideas on my blog.
TVC:UKOILLong
by AlbionTrader