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Brentoil

USDBRO bounced from support, potential for a further rise! USDBRO bounced off 62.04 where it could potentially rise further to 64.30. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROLong
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.50 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 64.35 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROShort
by Pepperstone
USDBRO approaching support, potential for a bounce! USDBRO is expected to drop to 1st support at 62.82 where it could potentially react off and up to 1st resistance at 65.62. *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 Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
FX_IDC:USDBROLong
by Pepperstone
Middle East Force Will Bring More Oil Market SpeculatorsPrimeXBT will now be offering a technical and fundamental analysis overview of USD/BRO . Fundamental Analysis and News: Oil had its wildest day since the Saudi Arabia attacks last year. After spiking aggressively as news of Iran’s missile attack hit the news wires, oil gave back all of those gains to finish much lower on the day. Brent is very close to daily support regions. The news from the Energy Information Administration that U.S. crude supplies edged up by 1.2 million barrels for the week ended Jan. 3, hit prices hard as this had followed declines in each of the previous three weeks. Analysts had expected to report a drop of about 3.6 million barrels. Energy companies in the region may need to take on more debt if oil prices keep falling, said Rory Fyfe, chief economist at U.K.-based MENA Advisors. Benchmark Brent crude slid about 10% last year to an average of about $ 64 a barrel, and growth in oil demand shows signs of faltering. Access to cheap financing could also stimulate borrowing. “Gulf issuers are very opportunistic, and if we see lower global rates, we could see oil companies coming back to the market,” he said. Technical Analysis: In the near term, the price will likely target the support zone. Once its price reaches this zone, a rejection could cause it to rise until it reaches its first resistance zone, which could spark a bounce. A clear close above the key resistance zone could offer new entries for high-return gains in the near term. The next major hurdle is near the $75.5 level. Day's Range: $64.58 — 66.08 Support Zone: $59.8 — 62.5 Resistance Zone: $69.65 — 70.7 Resistance Target Levels: $75.50, 80.05, 86.05 Please, let us know what you think about USD/BRO in the comment section below. We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
FX_IDC:USDBRO
by UnknownUnicorn3931771
2
Crude Oil Elliott Wave IdeaUpdate to this idea Slight variation as I noticed that when price bounced from 5400 levels it was the 0.5 retracement of the yellow wave 1 I have shown. If it is a wave 2 retracement at 5400 level then we may have had wave 3 early in the week post Saudi attack and already completed wave 4 at 5765. There appears to be an ABCD pattern pointing towards 67 and the .618 extension of wave 3 is at 6560. If price breaks below 5743 it invalidates this count (wave 4 crossing wave 1) and may indicate that the high 6330 was the end of wave C, not wave 3, a drop back towards 50 may happen in that case.
TVC:USOIL
by Joseph_King
Brent: How We Could Make Good ProfitI missed this trade, but I would like to show you how the idea "trade against the main trend" works and how profitable it can be. Of course, it is high-risk trading, and you must have knowledge and experience. The price reached 71.00 level and bounced from it. We got a trend reversal signal based on a bearish divergence. RSI and MAD histogram confirmed the reversal. We could sell below 69.00 level with stops above 71.00 and profit targets at MAs. As you can see, the price reached the target, and we could make good profit. What's next? The price is at the support zone formed by the local uptrend line and SMA200. If we get a reversal, it will be possible to open long positions with stop below the local swing low. If the price breaks the support, we must be ready to see the further downward movement. Probably the market will give us a sell opportunity as well. Let's wait for a possible pullback to the uptrend line, if the price drops below it. After that, a reversal signal will be used for selling. Stop orders for sell trades will be placed above the local swing high.
FX:UKOIL
by DLavrov