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BRENT OIL | Bearlish scenario | UpdatingPossible BRENT oil movement based on Elliott theory and Fibonacci proportions Updating last idea ____________________________ Guys, please hit the like button, and write any comment, this will be the best thanks from your side. !!! Please, dont forget, the content on this analysis is provided for the sole purpose of assisting traders to make independent investment decisions. Do not trade this idea before you make your own analysis! !!! ______________________________
FX:UKOILShort
by MinnieTrading
4
🛢 BRENT OIL - Entered zone of verbal INTERVENTIONS USA&SAUIn this zone, I expect a BUNCH of bullish info-occasions into the oil market and bullish forecasts of energy organizations and OPEC. Thumb UP👍 if you agree with me! Although the United States and Saudi Arabia are already competitors in the oil market, they are in the same team in this zone and will do everything possible to prevent a strong collapse in oil prices. And if this happens, then such a failure should not be long in any case... There are 3 very important reasons for this: 1) the Saudis' budget is burning. 2) the US problem is even more serious - almost the entire oil industry is sitting on a wild leverage before banks (very large debts to banks - just a cosmic exposure)! Low oil prices = defaults from shale producers = defaults from US banks = disaster. 3) the impact of coronavirus on energy quotes can be called short-term, since factories in China are already returning to work. Technical Indicator 12H: 1) Awesome Oscillator - turned to green zone and started rise up. 2) Stochastic RSI - started to rise up from the undervalued zone. Summary: Buy on pullback around 55.15 and sell in 67 zone. Its more than 20% profit. Stop-loss could be around 53.37
TVC:UKOILLong
by Fandorinn
3
USDBRO approaching support, potential for a bounce! USDBRO is expected to drop to 1st support at 60.28 where it could potentially react off and up to 1st resistance at 63.90. *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.
FX_IDC:USDBROLong
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 65.62 where it could potentially drop further to 62.82. *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.
FX_IDC:USDBROShort
by Pepperstone
USDBRO reversed from resistance, potential drop! USDBRO reversed off its resistance at 64.35 where it could potentially drop further to 62.82. *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.
FX_IDC:USDBROShort
by Pepperstone
USDBRO approaching support, potential for a bounce! USDBRO is expected to drop to 1st support at 62.82 where it could potentially react off and up to 1st resistance at 65.62. *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.
FX_IDC:USDBROLong
by Pepperstone
Brent Oil Changes Ticker to BURN1!Hello Traders, Would just like to remind you that we still need oil to get to space. Gold is a heat reflective material required for space travel and atmospheric re-entry, so please hold and sell your gold accordingly. Also, Brent changed their ticker from BRENT to BURN1!. MACD signal line will cross going upward on the month-view around 69 dollars according to the Madrid Moving Average Ribbons. Squeeze is up, ADX increasing, DI- over DI+. Happy Holidays and have a Great New Years! See you all in 2020! -dysonring2050
ICEEUR:BRN1!Long
by dysonring2050
#USDBRO#BRENT, The downfalls soonOur sales recommendation is based on several things. The Brent is below the average line and as you can see in recent months it has not really been able to rise above it. Stochastic is Overbought (over 80 points). The Ichimoku cloud is still red which means we are still in the midst of a downward trend. Most importantly in the daily graph, a red star appeared in the daily graph that usually announces the end of a current trend! Target: 59.60
FX_IDC:USDBROShort
by xosignals
USDBRO bounced from support, potential for a further rise! USDBRO bounced off 60.70 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.
FX_IDC:USDBROLong
by Pepperstone