UK Brent Oil 4H :New forecast UK BRENT OIL
New forecast
The price of Brent crude futures suffered strong losses yesterday, as it approached the expected correction level at 86.93, awaiting for the price to be stimulated to resume the upward trend.
Therefore now the price forced us to wait for to select the coming tendency ,where stabilized above 86.93 will be resuming the bullish waves again to reach 88.38 , on the other hand stability under 86.93 will putting the price under sell pressure to continue at the negative correction to reach 85.32 and then will rise up .
The expected trading range for today is between support 85.32 and resistance 88.36 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 85.32 84.49
resistance line : 86.93 , 88.36
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Brentoilbuy
Brent: Wax your Skis ⛷️Brent accomplished the climb above the $86.06-mark and should continue to rise to finish the blue wave . Once completed, we see the course heading for a steep downwards slope to dip right into the green target zone between $77.13 and $42.20. Within the target zone, we expect the Oil to sink further to end the blue wave around the $62-mark, before rising back North to wrap up the blue wave . Followed by another correction, the course should dig deeper and get closer to the bottom of the green target zone, in order to finalize the green wave .
Brent to Break over $40.00 to $45.00?Lets see if the price squeezed in this triangle breaks and the bulls have the day...
BCOUSD @ 60 min. Chart @ suggests price pressure until 48 USDThe big picture is still looking pretty bullish
Based on daily charts , an outbreak above 54 is only a question of time - this month or even january`17 ...
But the short term makes me afraid last 24 hours and even suggests me price pressure even unbtil 48 USD ?!
How ever the short-tmer chart is pretty bearish even under 52.500 BCOUSD
Why ??? Let me shortly excplain ...
the daily sma broked even around by 52.500
the weekly sma broked even around by 52.500
the monthly is more or less even around by 48.000
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron