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Brentoil

CRUDE is Back up on Major Key Level, Whats Next?Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, 👨💻 Trader champ is here on your Service, Also hit thumbs up 👍 and support the work Thanks for all the support! Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move! ⭕️ ✅ Scroll Down 👇 ⬇️ to signature section for 📲 contact details 💰💰💰 Profitlio Trading ( Since 2014 in Financial Markets ) ________________________________________________ Traders Disclaimer: Non of our analysis or trade setups being 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 trade only if trade setup meets the required criteria ( Confirmations ). Unless we will never take them as a trade if it never reach our trading requirements. Take them at your own risk as trading is highly risky and you may loss your investments. Our trades are based on Swinging and Mid to long term approaches. All trades executed will be handled under the name of Profitlio Trading only.
TVC:USOIL
by Profitlio_Trading
USDCAD H4 OUTLOOK! (OIL RELATED CURRENCY PAIRING)Good day trader, I hope you guys are having a great day and doing well in trading. Let's talk about USDCAD, on H4 chart, we can see that USDCAD is in a consolidation process. Price has not been able to break above 1.372 and couldn't break below 1.349 starting early of June 2020. Therefore, we will be looking closely at the price action right now, a break of 1.372 (Case 1) will expose the price to much higher territory while a break of 1.349 (Case 2) will expose the price towards daily support as indicated in the chart. Fundamental wise, oil stockpiles have dropped 7.5 million barrels which mean the demand of oil is started to immerse. This news is particularly good for both USD and CAD since US and Canada have produced more oil than other countries. As of now, we will be waiting for the price to break below 1.349, if H4 candlestick closed below the consolidation demand zone, we will be looking for short setup. Always go for a clear analysis and always control your own risk management. It's not about you versus the market, it's always you versus yourself.
Short
by ChinSengFx
CRUDE OIL waiting for the sell setup to formon DAILY: CRUDE OIL is sitting around a strong resistance zone so we will be looking for objective sell setups on lower timeframes. on H4: CRUDE OIL is trading inside our red wedge pattern but the lower trendline is not valid yet so we are waiting for a third swing to form around our lower trendline to consider it our last swing and then enter on it break downward. so also have a regular bearish divergence adding more confluence to our sell setup.
TVC:USOILShort
by TheSignalyst
Brent Crude Oil Important technical analysis updateMidterm forecast: . While the price is below the resistance 44.55, beginning of downtrend is expected. . We make sure when the support at 36.95 breaks. . If the resistance at 44.55 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: . There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 43.93 on 2020-06-23, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. . While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low. . A peak is formed in daily chart at 43.80 on 07/06/2020, so more losses to support(s) 42.20, 40.00 and minimum to Major Support (36.95) is expected. . Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. . Relative strength index (RSI) is 62.
FX_IDC:USDBROLong
by ForecastCity
14
BRENT oil – my point of view. The 2nd variant! Continuation ! The 2nd Variant: The 2nd variant in my point of view at the present moment consists of two variants. The 2nd variant of the course of events refers to as the notorious 4th wave can take as a simple correctional formation ABC, so as a variably complex formation ABCDE ( other variants are also possible and at the present moments it is very difficult to say how the wave structure will be formed there is no structure), two variants in the simplest way I have tried to show on the chart, as I see them at the moment Both two variants reflect more possible, classical variants of correction development in 4 waves, taking in consideration the rules of interchanging etc. 😉 Conclusion: The chart from the technical point of view tells that the price is tapped in the bearish trend, in the sideway movement, in the range with the upper limit of 60 $ and with the lower limit of 10-15 $. In my opinion such situation will continue for the following 6 or even 10 years, with the call to the lower limit. The fundamental image also approves at the present moment this variant of the course of events in accordance with energy alternative types development! ************** Important! Once again for understanding, the wave structure, patterns, and graphic models tend to change or change the structure, therefore confirmation is important. The author does not sell anything! He does not give signals to enter or exit a deal! Does not take funds into management! Does not educate others on a paid or free basis! Well and so on 😉 Remember! Forecasts of financial markets are the private opinion of the author. The current analysis is not a trading guide. The author is not responsible for the results of work that may arise when using trading recommendations from the submitted reviews.
TVC:UKOIL
by bavarrr
CRUDE OIL waiting for the sell setup to formOn DAILY: CRUDE OIL is sitting around a strong resistance zone in green and filling the GAP so we will be looking for objective sell setups on lower timeframes. on M30: CRUDE OIL is testing a supply zone in green and forming a channel in red (not valid yet) so we are waiting for a new swing to form around our lower red trendline to consider it objective and sell on its break downward. we also have a regular bearish divergence adding more confluence to our sell setup.
OShort
by TheSignalyst
UKOIL Brent Crude TECHNICAL OVERVIEW Recently, there has been a lot of news about the fact that oil futures have recently doubled after the last fall, that JP Morgan has earned a couple of billions, and so on and so forth. It is a rumor that oil will fall again to $ 20 per barrel, I honestly do not really believe in this scenario, since oil is not only a trading product but has a certain influence factor from different countries, so most of the OPEC and OPEC + participants will try to speculate prices and other traders will help them in this. Now I am exiting LONGS for oil because traders are trying to close the GAP, so we have a certain level where we can observe further price developments. If we discard the speculative market and look from a technical point of view, we have two variations. 1. In which I very much believe this is breaking through the support level, a small correction, and going up to the golden ratio. 2. This is the exit from the channel and the fall, where we will wait for the bear rally to expire. and buy it again. I would like to note that this analysis carries with it the subjective opinion of the author and does not force trading and is not a signal for buying or selling instruments. Take care of yourself, like, and subscribe to my channel, leave comments, and write your own about the current situation.
TVC:UKOIL
by TradingExpertGroup