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Brentoil

BRENT CRUDE OIL FUNDAMENTAL ANALYSISCrude oil: gaining on lower inventories While the broader macro conditions remained complex as hawkish Fed speak and debt ceiling deadlock weighed, crude oil prices managed to inch higher and start the week on a positive note after heavy selling both in paper and physical market over the last few weeks. Supply side news remain mixed with Russian exports remaining firm while OPEC’s early April production cut is only now starting to be felt. Extreme heat across Asia has ramped up demand for fuel oil to run air conditioning and lights while oil traders will be on alert for comments scheduled later today from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman at the Qatar Economic Forum, especially following the recent jump in short selling by funds to levels seen before the April 2 production cut.
OANDA:BCOUSDLong
by thunderpips
HAS CRUDE OILD FOUND SUPPORT @ 77?A bullish close after today's trading will provide more confirmation. however, price has tested the support level at 77 for the past 4 days and bulls keep sending price high every time bears brought the price low... N.B! - USOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
TVC:USOILLong
by BullBearMkt
WTI may bounce off the support!!Instruments : WTI Possible direction : Bullish Technical Analysis : Early this month WTI opened with big gap up and signaling possible trend change. After long consolidation, WTI filled the gap and currently bouncing off the support level. It is highly likely that WTI may change trend and continue to uprise. A bullish trade is high probable. Possible trade recommendation : Bullish as per sketch. Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
BLACKBULL:WTILong
by ForexWizard01
OIL PRICE IS TOO LOW TO STAY AT THIS LEVEL FOR LONG#COMMODITIES #TRADESETUP 📡🔞 TRADE $BRENT 🔽 LONG (BUY) > 76.20$ ❌ STOP > 75.10$ (1.18%) ✅ T1 > 93.32$ (RR 19.31) ✅ T2 > 119.5 (RR 48.41) ☠️CAUTION !!!! 2 IMPORTANT INFORMATION TO TAKE INTO CONSIDERATION: > THIS IS A MT/LT TRADE. REGARDING THE SETUP. JAC IS DONE AND WE ARE WORKING ON THE EXIT. PIV D (76.47$) MIGHT BE THE KEY. > IF WE REINTEGRATE THE FORK (BACK BELOW 75$). LAST CALL MIGHT BE THE LEFT LQ ZONE (73.30$) > FUNDAMENTALS OPEC+ likely to stick to its guns despite price slump, delegates say www.reuters.com Wo1and, PhD
FX:UKOILLong
by UnknownUnicorn6367453
Brent: In the Jungle 🌳🌴🎍Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh Wimoweh, wimoweh, wimoweh, wimoweh In the jungle, the mighty jungle The lion sleeps tonight, In the jungle the quiet jungle The lion sleeps tonigh Wee heeheehee…– … – okay, let’s stop here before we won’t be able to get this song out of our heads. We should rather take a look at Brent, which has advanced deep into the dark green jungle between $77.13 and $42.20 and has left the mark at $75.09 behind. We hope, the course has taken a sharp machete along, as we expect it to penetrate the scrub further – ideally until the 61.80%-retracement at $62.71. There, it should complete wave 2 in green and subsequently turn upwards again.
TVC:UKOIL
by MarketIntel
Recap of my trade for todayGood afternoon traders! This morning I posted to sell CRUDE OIL (CL1!) QUITE HIGHER and BEFORE EVEN GETTING A CLEAR VIEW for what's happening on the market. I got a message on twitter from someone said that it's impossible for it to go down since the market is higher and it all shows that it will keep climbing up, my answer was "keep watching the chart for the rest of the day" and here it is. I hope someone could see the post I posted and followed me when I said sell CL1! so he/she can make some profits. For me and my custommers we made good profits today on ceveral markets and they're happy about that. Happy custommer = happy me lol. Well, see you monday on another forecast and as I always see on my posts, if you got any question don't hesitate to ask and I'll be answering with pleasure. I might post some analysis tomorrow for Arab stocks, stay tuned if you're interested! Wish y'all a great weekend!
NYMEX:CL1!Short
by YassineAnalysis
Recap of my trade for todaygood afternoon and good evening traders, I'm sharing with you the recap of my trade for today on CRUDE OIL, today I posted it too early than usual since my custommers and I got in multiple markets and were already on profit at the moment we got in this one. The reason why we sold is theprice pulled back on thet resistance line which is provided by a tool I can't share to public, after we got what we call a squeeze on the trading system I follow we closed and ended the day with good profits, however yesterday was perfect, I didn't post since I got new custommer I was setting the chart with. See you tomorrow on a new signal ! In case you got any question don't hsitate to ask!
NYMEX:CL1!
by YassineAnalysis