Brentoil
Brent oil(1H) On 4H & 1D
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under 61.70
brent oil analysisi think oil looks bullish for now we might see the price rising up to 66.50 as main target, and if price breaks above 66.76 i think it will push even farther toward 67./69 levels .
and of course let's not ignore that gap that price might cover it up before rising .
if price goes under 63.76 it's gonna be tough for bulls and the price might start falling to 62 levels if bear scenario occurs i'll update the chart for you guys.
that said good luck to everyone :)
After Breakdown Frown Bearish Wedge Brent Will Target 62Brent oil is slowing down gradually, and if it breaks the lower channel of the bearish wedge, "black gold" will likely target 62
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
UK Oil Buy Trade SetupHi Traders
Brent /UK Oil (H4 Timeframe)
A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario.
Trade details:
Entry: 65.51
Stop loss: 65.03
Take profit 1: 67.83
Take profit 2: 69.59
Take profit 3: 72.46
Score: 10
Strategy: Bullish wave LL TF
Brent oil 1H On 1H & 4H
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under yellow zone
Bearish SentimentWeekly close on USoil was a bearish shooting star. Fundamentally whats going on in Texas right now, I expect oil prices to drop for short term.
Brent oil 1H On 1H & 4H
Direction: Upward above 63.14
Target: 65.00 and 67.60
Stop line: under yellow zone
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my last idea about brent oil on 14Feb:
Brent oil 4h On 4H & 1D
Direction: Upward above 59.40
Target: 63.14 and 67.00
Stop line: under 59.30
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My Last Idea On 10Feb :
Commodities video overview $CL_FIn this video overview, we will take a look at the Oil, Copper, Gold, Silver, and Brent Oil. $GC_F and $SI_F have the most promising consolidation patterns #Oil is breaking higher.
2 clear scenario for UKOIL or BRENTBest Case - Price rise until USD 74 per barrel - reason current still in bullish mode
Worse Case - Price will drop until USD 37 per barrel - major trend still in bearish mode
Brent oil 4h+Tendency:
Upward, to take (63.30) & (66.10)
+Retest:
But in the yellow zone (triangle) will make retest till 59.60
+Contrary:
Stabilize under 59.30 will get 56.60 & 55
Brent prices: no way down anymore, long run over $100 againThe price trends since 2008 looks like a re-accumulation. The last price collapse was possibly a spring. It was interesting that the test was the lows of December 2008.
I expect TVC:UKOIL will find support in the next days. I don't expect a price re-test of $30.
In the long run, we can expect the prices above $100, when the price is ready to pass over the re-accumulation zone.
BRENT OIL - Getting Slippery Soon!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY (left): BRENT OIL is sitting around a strong supply area in green and outer brown trendline so we will be looking for trend-following sell setups on lower timeframes. (red projection)
Unless BRENT OIL breaks this decision area aggressively upward, then we will be looking for buy setups on the retest. (blue projection)
on H4 (right): BRENT OIL formed a symmetrical triangle in gray and we all know that this is a bilateral pattern (means it can break either side) but since it is sitting around a supply zone as shown from Weekly, the downward break is preferable.
Trigger => Waiting for a momentum candle close below the lower gray area to sell. (projection in red)
And for the trend-following buy setup, we will need to wait for that third swing high to form around the upper gray trendline, to consider it valid and buy on its break upward (not recommended for conservative traders)
Good luck!
~Rich
USOIL - What can we expect? Ascending Triangle?
Welcome!
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Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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Traders Disclaimer: Non of our analysis or trade setups which is shared here on trading view is a trading advice. As we keep on weekly updates with our predictions and expectations. We may take them as a trades only if trade setups meets the required criteria ( Confirmations ). We will never make a move or look back if trade setup invalidates with price action or future economical movements. Understanding the markets is the key behind all success stories. So never miscalculate under estimate anything which is out of your bounds. Take them at your own risk as trading is highly risky and you may loss your investments.
Mohamed Khalid Rafi ,
Senior Financial Analyst,
Profitlio Trading.
CRUDE OIL TECHNICAL ANALYSIS, BULLISH VIEW. Since the beginning of January there has been a strong bullish momentum, reaching almost a price of 54.00.
Looking at the 1h Chart we can see how a double top has formed and buyers failed to break above previous high. Market is currently in a correction phase, a good buy opportunity can be at the retest of support level: 51.50 otherwise if the price manages to get below support i would wait and see if the 4h/1D bullish trend line gets respected and look for the formation of new higher highs and higher lows to enter for a buy.
Safe sells are set only if the strong bullish trend line breaks.
