Brentoil
oil sell coming soonprice approaching our daily trend line, we will looking for sell up there.....patience is everything in this game
CRUDE OIL LONG up to $59.80-$60.00The crude oil market was kind to us on the downside after we broke through support level time and time again. We were originally looking for shorts to continue however the upside opened up on Wednesday and didn't stop. The fact that we broke above a key resistance structure at $58.10 suggests the longs are out to play and there could be move upside if they hold their momentum.
We could see price retrace to 2 levels for us to continue to look for the long. The first level and more ideal level is the broken high at $58.00-$58.10 for a move back into resistance at $59.60.
The next level is the start of the impulse move at $57.00-57.10. This could still continue the upside structure. Over the last two days, volume was really strong. If we break under $56.80 we may see more downside.
USDBRO bounced from support, potential for a further rise!
USDBRO bounced off 60.70 where it could potentially rise further to 64.80.
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CRUDE OIL UPDATED 24H OUTLOOKJust some updated thoughts based on the way Crude has been developing lately..
The break of red trend line will kill oil businessIf oil wont find support at $42, then it has chances to drop another $15-$20
USDBRO bounced from support, potential for a further rise!
USDBRO bounced off 62.30 where it could potentially rise further to 64.80.
*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.
x22. BrentBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.
USDBRO bounced from support, potential for a further rise!
USDBRO bounced off 62.20 where it could potentially rise further to 64.80.
*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.
Brent to hit the 80 range? Lower Highs since oct 10, but its tightening up, and I expect a breach through the resistance. Resistance for monthly chart is around 85 and falling.
Bullish breakout on the horizon?Price appears to have started a new bullish rotation with some follow-through after the large outside bar on 1st Nov.
Price consolidated and broke to the downside on Friday, which was swiftly and powerfully rejected.
Expecting a continuation of the move higher, I am looking for a swing long (as seen on charts), with targets at:
TP_1: $64.50
TP_2: $68.00
Both targets have confluence with the dominant structure fib levels.
Week 46: Trade 1 - UKOIL (Brent) LongFollowing the wave I created a weeks ago. Should continue trend to higher levels.
FIrst key level 65.2 and if retracement allows, continuation to 68-ish
BRENT GIVE US OPPORTUNITY FOR PROFITBrent recently has reached a strong support line near 57. As in the last time I expect to see a reversal pattern and we can seize this moment!
Buy 58.85
Sell 61.86
Stop-loss 57.06
Risk Reward ratio is 2.4
USOIL Price Action Analysis | A Relative Long Term IdeaCrude Oil has found a support on the Equilibrium Zone of the Trading Range, again. This accumulation in the upper range seems like it will coming to an end. On the other hand, it needs to reclaim the Pivot first and then the Range High.
Entry: 54.6
SL: 49.9
TP-1: 62.4
TP-2: 66.4
TP-3: 72.4
TP-4: 81.4
R/R: 5.7
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
...as Buyers looks to push the Price of BRENT higher.When there is a will, there will always be a way! Buyers are aiming to get Prices as high as 70.00 for UKOIL aka BRENT(XBRUSD) medium term.
Longer term - Invariably the overall goal for Buyers is to get Prices for this sweet juice trading above $100 per barrel, actually up to around $108.00 mark, all this culminating from activities of the early days in 2016 with precise origins at the beginning of the year before(2015) but this motive was not supported throughout that year.
Mavintrades - Only the Technicals are considered at Mavintrades and no single thoughts/interest afforded to any sort of Fundamentals in all our study..
BRENT OILBRN
BRENT OIL
BRENT CRUDE
BREBT OIL ANALYSIS
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Be Different ...
Hamid Rahathagh
USDBRO reversed from resistance, potential drop!
USDBRO reversed off its resistance at 59.71 where it could potentially drop further to 58.50.
*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.
