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Brentoil

Oil: Monthly Equilibrium, Break Coming!Hello dear energy sector fans & oil traders, hope you're doing well! ;) Welcome to this special analysis on the WTI Crude Oil. On the monthly chart we're currently inside a nice Equilibrium/tightening range , which will see a breakout coming towards the end of this year. This Equilibrium is also perfectly visible on the Weekly chart: => A break of the range highs at $60 could lead to $65 and $75, giving 5-25% profit. A break of the range lows at $52 could lead towards $45, giving around 17% profit for short sellers. On the Daily chart we have successfully made a Morning Star reversal at $55 and are currently trying to make that zone to a higher Low compared to $52 of the Equilibrium range. What about the fundamentals? While we currently have the tanker issues still going on between Iran and Great Britain, it doesn't seem to have a huge impact on the price: The market is not expecting a costly war between those parties. Moreover the market is fundamentally still dictated by weak industrial & manufacturing activity : Supply is still stronger than demand. If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Edgy is providing online mentorship & trading metrics only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
TVC:USOIL
by Edgy_
Brent Crude OilAfter a perfect bullish move Brent Oil has reached an area where is facing horizontal resistance, downtrend resistance and it is at the upper end of the uptrend channel. I am foreseeing the price to come down to the lower end of the channel, at around 64.6 area where it will also be the lower end of the channel. On the 4H chart I want to see a break of structure, marked by the black line, before going short. If the price holds above it might signal a price compression and that is a bullish signal.
TVC:UKOILShort
by MicKi
USOIL UKOIL LBLS AnalysisLBLS clearly shows the price must be following this channel and for sometime the price will continue within this channel only for both USOIL and UKOIL. There is not much to explain why this is will move in this direction.It is very evident that this will follow the parallel price channel . If the price closes below or above then that will be the trend reversal for both UK and US Oil. I used LBLS for analysis ,Here is the details of the LBLS more... with the help of LBLS indicator , i check three basic yet effective rules for Entry. Long: Make sure the candle color transitioned from Black to Blue / Red to Green . The Strength-meters Here is the example of Strengthmeters with Open Pine code ,it is nothing but group of top performing indicators,Used 7 indicators to predict this.Minimum 4 or above showing in charts in the current candle or within two candles in Green Color (Red for Short). Background Color changing from Red to Green is the added advantage. Short: Opposite of the Long Logic's.
TVC:UKOILLong
by MarxBabu
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