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Brentoilanalysis

Brent: Hang on! 🐻Bulls and bears are competing for preeminence, and both of them have gained the upper hand now and then. In the long run, we expect the bears to win this battle, though, and to drag Brent to the green zone between $77.10 and $42.16, where it should finish wave III in pink. After a short countermovement to complete wave IV in pink, Brent should enter the blue zone between $66.48 and $59.58, which is enclosed in the green zone and where wave V in pink and wave 3 in blue should end. Another countermovement should then lead Brent upwards again before it should dive into the green zone once more to finally conclude the overarching downwards movement. However, there is a 32% chance that the bulls could be stronger and drag Brent above the resistance at $95.76, which would then result in a detour until the next mart at $105.42 before the bears can take charge again.
TVC:UKOIL
by MarketIntel
Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
TVC:UKOIL
by MarketIntel
1
A complete review of Brent oil with Elliott styleConsidering that oil left its long-term correction process on April 20, 2022; It started an increasing and powerful process and increasing tensions and war made this process more powerful. By carefully examining this trend, it can be said that this trend ended in 5 waves; And now, with the situation balancing a little, the stagnation, the increase in oil production, and at the same time the permission of Venezuela to enter the oil market; The price has entered price correction. It should be expected that this price correction will be in the form of a wave (ABC). Considering the price movement in the lower time frame, it can be expected that wave A will be formed in the form of 5 waves. I believe; Currently, wave 1 is being completed, so we have to wait for wave 2 to be created. If the end of wave 2 is 115; This analysis is complete and you can make the most of the other waves shown. It should be considered that with the price reaching the range of 36-39.5 in the consolidation of the higher time frame, this whole movement can be considered as wave 1 and 2. Tip: We have to see how the trend will be formed along the downward path; It is possible that this entire decline in price can be shown in the higher consolidation of an A wave. In any case, upon reaching the price range of 36 to 39.5, the trend should be re-examined and a new analysis should be presented. This analysis is prepared with an economic perspective; But from a human point of view, I am very sorry for the war and I sincerely sympathize with Ukraine. what is your opinion ? (be profitable)
TVC:UKOILShort
by AllMarketAnalysis_Am
#BRENTCRUDEOIL Still making higher lows within triangleIts no surprise anymore that OIL and energy stocks have been one of the only places to find some alpha this year. Even with oil taking a bit of a beating lately, looking at the technicals we are still in a very healthy shape for the time being with Brent Crude making higher lows within this triangle formation and well above its ascending 200 day moving averages. Until this breaks down, you have to give energy the benefit of the doubt to run higher this year..
TVC:UKOILLong
by MarcoOlevano
Brent: Knock, Knock!After it has knocked at the resistance line at $112.43 already twice, we expect Brent to rise above this mark and into the white zone between $113.88 and $123.14 to finish wave (2) in white. Afterwards, Brent should fall below the support lines at $104.67 and $97.56. There is a 28% chance, though, that Brent could soar through the white zone and climb above the resistance at $123.71 until the bottom of the pink zone between $133.80 and $137.40 first before moving downwards.
TVC:UKOIL
by MarketIntel
Brent: GlueyBrent is currently glued to the resistance at $114.74, where it has finished wave b in blue. However, we expect it to let go of this mark soon to fall into the turquoise zone between $101.67 and $99.83. There, it should complete wave a in turquoise and move back above $104.67 afterwards to finish wave b in turquoise. After that is settled, Brent should gradually fall below the support lines at $104.67, $97.56 and $93.57. There is a 40% chance, though, that Brent could climb above $114.74 and make a detour through the green zone between $117.78 and $133.52 first before moving downwards.
TVC:UKOIL
by MarketIntel
2
Brent: Parking Assistant 🚗Beep beep, beepbeepbeep, beebeepbeepbeepbeeeeeep Brent seems to have afforded a parking assistant, judging by the neat way in which it has entered our white zone between $106.12 and $99.47 to finish wave c in blue and wave (B) in white. We expect it to turn around soon and to head for the next parking lot above $114.74, the green zone between $117.78 and $133.52. After Brent has completed wave B in green and wave (C) in white there, it should turn again and home in on the support at $97.56.
TVC:UKOILLong
by MarketIntel
1
UKOIL LONG - Buy Entry - H4 ChartUKOIL LONG - Buy Entry - H4 Chart Buy @ Market Symbol: UKOIL BrentOil Timeframe: H4 Type: BUY Entry Price: Buy @ Market Resistance @ 117.209 Resistance @ 114.778 Resistance @ 111.456 Support @ 105.692 Support @ 104.437 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
ULong
by UnknownUnicorn35780991
Brent: Watch Your Head! 🤕Brent has been climbing and climbing and climbing and has actually maxed out the space until $114.74. There, it has finished wave (A) in white, butting its head at the resistance line, and subsequently turned around to move downwards. We expect Brent to drop into the green zone between $106.12 and $99.47 to recover and to complete wave (B) in white. Then, it should start to rise again, breaking through the resistance at $114.74 this time. After finishing wave (C) in white as well as wave B in green, ideally in the lower third of the green zone between $117.78 and $133.52, Brent should turn again, heading in the direction of $97.56.
TVC:UKOIL
by MarketIntel
1
$UKOIL - Conflicts, COVID, Sanctions, Triangle patternHi guys! 👋🏻 🔔 Conflicts, military operations, sanctions, COVID seem to be the headlines of 2022 🔔 The bursts of conflicts globally looks so intense that they might be the main drivers of oil prices. 🔔 I really don't think that EU will embargo Russian oil but if they really do, BRENT will hop to $160 easy, which according to the chart here is very possible. 🔔 For now, I'm expecting a slight correction here with a potential on a jump to $123. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
CL1 CRUDE BRENT OIL- IS OIL STILL A GOOD TRADE ?Oil may be in a reversal now or going through corrections as the markets get use to the the Russian Invasion in Ukraine. I don't believe that US and NATO will be successful at imposing oil embargo sanctions on Russia. Therefore I am bearish and will be shorting oil etfs.. Give me a thumbs up if you enjoyed this TA, PS. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
NYMEX:CL1!Short
by CryptoBuzzAnalyst