On the W1 chart the trend started on April 2022 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 35.69 Possible variant by dates, approximately June-July 2025 (this is my personal opinion, my calculation). Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very...
Brent accomplished the climb above the $86.06-mark and should continue to rise to finish the blue wave . Once completed, we see the course heading for a steep downwards slope to dip right into the green target zone between $77.13 and $42.20. Within the target zone, we expect the Oil to sink further to end the blue wave around the $62-mark, before rising back...
Crude is now in a sideways pattern after reach highs of 140 $. The trend is still negative, and once we get a close below 100$ it will open levels of around 60 - 70 $. Keep a watch the ride is about to start.
Contrarian signals everywhere. Russia is risking being cut off from the financial system. This could essentially wipe out the bid for oil as then no one in their markets could access those bids. A large % of the oil market will go offline so I would think we could expect at least -30% decline.
Brent crude has recently made four lower highs on the daily timeframe following the ongoing spark between the US admin and OPEC Technically I am anticipating price to hit lower lows especially since bears have been able to break the previous major lows around 68.106 in addition to previous break of the trendline to the lower side earlier this week and a break...
Hello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Due the latest worldwide events and seeing that DJT transportation index seems not performing well... Bad news also coming from that cartel OPEC represents I decided to setup my position against brent. Here are my two levels based on FIBO lines. What are your thoughts? Do you really think that the price of the barrel will continue to plummet? Will we reach $ 20...
Waiting for price to consolidate around this support area before looking for a move shorter. Or Looking for price to move away from this support, test resistance one more time and then look for a bigger move shorter. Lets see how it plays out
Our sales recommendation is based on several things. The Brent is below the average line and as you can see in recent months it has not really been able to rise above it. Stochastic is Overbought (over 80 points). The Ichimoku cloud is still red which means we are still in the midst of a downward trend. Most importantly in the daily graph, a red star appeared in...
USDBRO bounced off 58.95 where it could potentially rise further to 61.40. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone...
Brent Crude Oil does not seem to have the support it needs to make the push higher up from the 4H chart. MACD 8H is making lower lows as well. As long as the 4H 50 EMA holds strong as resistance, the move further down is active. First TP is at Fib Extension 1 which is 64. If prices still aren't able to find support at that price, then sell further till 1.618 (62)
First sell order was opened on 01-mar-2019 I see Brent going down few next days. So lets make duplicate sell order on it. Sell - 65.70 SL - 66.40 TP - 60.58 RRR - 1:7 Of course it has smaller TP with smaller RRR. I make close order manually.
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud! We recommend selling now Sell Brent Entry price: 61.45 Stop Loss: 63 Take Profit: 58.75
BCOUSD, Brent Crude Oil: Forecast on H4- Triangle pattern on H4. --> Waiting break and confirmation !
Rebounded off strong resistance and downtrend should begin. TP1: 69.90 TP2: 65.75 SL: 73.20 or as per your analysis and risk assessment. Good Luck and Trade Safe!