Brent: Money Zone! 🤑🤑🤑Yes, the oil market is as bullish as it gets. Therefore, we are sharing our trading zone here. We expect the price to fall in this area and soar from there!
Happy trading!
Brentoilanalysis
UKOIL DAILY TIMEFRAMESNIPER STRATEGY
CFDs on Brent Crude Oil 1D TVC
I warn you again this strategy is unable to predict pullbacks but it will pay off at the end of the road
Start Believing
Something Magical will happen
Oil is on a daily downtrendThe general trend in daily time seems to be declining.
But now it seems to be a good place to enter the hourly time.
The new support level seems to be broken and the return to the new resistance level is complete and it is time to fall.
Oil analysis updateOil ended the week on 64 zone
Probably it will be consolidating
Between 65-64
Strong bearish pressure, no sign of reversals yet
Will update after next structure
Does oil affect Bitcoin? Ans: Yes, but marginally related!
Dear traders:
U.S. oil drops as much as 8% to below $70 as OPEC prepares to boost production.
Whenever oil prices crash, the digital economy destabilizes. it seems reasonable that the two (Oil, BTC) assets’ price movements would only be marginally related:
why?
1- oil is becoming ever more connected with the demand side of the global economy (demand: China.
Production: Iraq, Iran, Saudi Arabia...) .
2- Bitcoin was originally developed (partly) as a response to the US government's manipulation of the money supply (United States).
The production of oil has become greater in recent years and the availability of an increasing supply of oil puts downward pressure on the commodity. In contrast, Bitcoin’s supply is fixed. It will never have ups and downs in discovery of new product. This certainty explains perhaps some of the divergence between the two prices at certain times.
Source:
www.swissbullion.eu
Expect BRENT Up todayBrent came down exactly as expected yesterday with EIA results not giving much reason for further increase.
Formed a wedge during teh fall, expect price to retrace to around 72.3 today. nice quick opportunity there.
Brent to reach $85?I've been bullish on FX_IDC:USDBRO ever since it traded above its 200EMA. Bought few contracts, rode the trend from $43 to $69.
Last week Brent closed above $71, looking back, this was/is an area of value. Now that the price is above $71, I'm bullish once again, targeting the $85 region, with a stop below the 50EMA.
Brent: Where are the Bears? 🐨🐨🐨As regards the oil market, we are still waiting for the bears to fight back and pull the price under $64.56 and $60.26, respectively. By doing so, they’ll enable us great entry chances for the upcoming bullish run which we expect to reach way above $80 in the longer run. Only a premature breakout above $71.36 would make us change this scenario.
Keep trading!
UK Oil Buy Trade SetupHi Traders
Brent /UK Oil (H4 Timeframe)
A high probability, entry to go LONG has formed @ 65.51 after the market found support @ 65.03. Only the downward break of 65.03 would cancel this bullish scenario.
Trade details:
Entry: 65.51
Stop loss: 65.03
Take profit 1: 67.83
Take profit 2: 69.59
Take profit 3: 72.46
Score: 10
Strategy: Bullish wave LL TF
Brent oil 4h On 4H & 1D
Direction: Upward above 59.40
Target: 63.14 and 67.00
Stop line: under 59.30
-----------------------------
My Last Idea On 10Feb :
Brent oil 4h+Tendency:
Upward, to take (63.30) & (66.10)
+Retest:
But in the yellow zone (triangle) will make retest till 59.60
+Contrary:
Stabilize under 59.30 will get 56.60 & 55
Brent today where it goes ??since the idea is based on 15mn time frame, this idea is available only for one day.
let's see if the market will give me reason today
if you like the post, don't hesitate to discuss it with me or thumble up and follow me
thank you
BRENT CRUDE OIL 1D-TIMEFRAME ANALYSIS 💡BRENT CRUDE OIL 1D-TIMEFRAME ANALYSIS 💡
Hello ladies and gentlemen
This is my new idea for OIL
My idea is that the oil will goes lower
Targets
36
32
I hope my idea is clear
Support me by like and share
Good luck 💰💯
CRUDE OIL video top-down AnalysisHello everyone, here is the top-down analysis for CRUDE OIL, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Brent Crude Oil - Weekly technical analysis updateMidterm forecast:
. While the price is below the resistance 46.50, beginning of downtrend is expected.
. We make sure when the support at 40.00 breaks.
. If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 46.525 on 2020-08-26, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
. The RSI support #1 at 55 is broken, so the probability of beginning of downtrend is increased.
. A peak is formed in daily chart at 46.50 on 08/25/2020, so more losses to support(s) 41.70 and minimum to Major Support (40.00) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 35.
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Brent Crude Oil - Weekly technical analysis updateMidterm forecast:
. While the price is below the resistance 46.50, beginning of downtrend is expected.
. We make sure when the support at 40.00 breaks.
. If the resistance at 46.50 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 46.525 on 2020-08-26, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
. The RSI support #1 at 55 is broken, so the probability of beginning of downtrend is increased.
. A peak is formed in daily chart at 46.50 on 08/25/2020, so more losses to support(s) 41.70 and minimum to Major Support (40.00) is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. Relative strength index (RSI) is 35.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Brent Crude Oil - Weekly technical analysis updateMidterm forecast:
While the price is below the resistance 46.30, beginning of downtrend is expected.
We make sure when the support at 36.95 breaks.
If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 46.32 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI support #1 at 55 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 46.30 on 08/04/2020, so more losses to support(s) 41.70, 40.00 and minimum to Major Support (36.95) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Brent Crude Oil - Weekly technical analysis updateMidterm forecast:
While the price is below the resistance 46.30, beginning of downtrend is expected.
We make sure when the support at 36.95 breaks.
If the resistance at 46.30 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 46.32 on 2020-08-05, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
While the RSI support #1 at 55 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 46.30 on 08/04/2020, so more losses to support(s) 41.70, 40.00 and minimum to Major Support (36.95) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 54.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Brent Crude Oil Important technical analysis updateMidterm forecast:
. While the price is below the resistance 45.00, beginning of downtrend is expected.
. We make sure when the support at 36.95 breaks.
. If the resistance at 45.00 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
. There is a divergence in RSI and price between the peak at 43.315 on 2020-06-08 and the peak at 45 on 2020-07-21, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
. While the RSI support #1 at 55 is not broken, the probability of price decrease would be too low.
. A peak is formed in daily chart at 45.00 on 07/21/2020, so more losses to support(s) 41.70, 40.00 and minimum to Major Support (36.95) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 56.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
