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!
Brentshort
Brent: Down, Down! 😈😈😈We are still waiting for the Brent Crude to drop and approach its yellow trading zone. Here, we expect a massive turnaround, followed by long-term increases in the price. However, direct increases are possible, too, if the course reaches above $76.12.
Stay patient!
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.
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.
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💌 BRENT - Inflation and Geopolitics 🕊️🌎''One way to control inflation is to have cheap Oil around'' the Fxprofessor
News:
Brent crude oil price down below $67 per barrel on London’s ICE first since May 24
The price of WTI oil also went down by 2.52%
MOSCOW, August 19. /TASS/. The price of futures contracts of Brent crude oil for October 2021 delivery went down by 2.18% on London's ICE on Thursday to $66.99 per barrel, diving below $67 per barrel for the first time since May 24, according to the trading data as of 10:00 am Moscow time.
As of 10:25 am, the price of Brent oil was down by 2.11% compared with the previous closing at $66.79 per barrel. Meanwhile, the price of WTI oil was down by 2.52% at $63.53 per barrel.
The MOEX Index was down by 1.35% at 3,872.18 points, while the RTS was down by 1.74% at 1,645.99. The dollar’s exchange rate was up by 0.45% at 74.14 rubles, while the euro’s exchange rate was up by 0.09% at 86.55 rubles.
Geopolitics:
If prices of Oil and Natural Gas are TOO high, Russia is becoming TOO dangerous (in the eyes of Americans, not in my eyes. In my eyes Russia and America should be best friends and fix this planet💌☮️🕊️🌎).
-Russia is the world's largest producer of crude oil (including lease condensate) and the second-largest producer of dry natural gas. Russia also produces significant amounts of coal.
- In early June, when Brent climbed above $70 per barrel, Russian Deputy Prime Minister Alexander Novak said the oil price reflected the balance of supply and demand and was “good enough” for Russia.
Tell me what you think.
the FXPROFESSOR
BRENT - SHORT (LOND TERM TRADE)BRENT - SHORT (LOND TERM TRADE)
ENTRY PRICE - 58.89
SL - 72.20
TP - 23.35
Brent - BullRunPotential correction at fibb 61.8%
After correction price can still follow the trend
Trend: UP
Ichimoku: UP
Stoch: After overbought
for more: www.invesery.com
Last news:
vesting.com -- Crude oil prices weakened Thursday amid concerns about fuel demand as the pandemic continues after U.S. inventories posted an unexpected rise last week.
By 9:45 AM ET (1445 GMT), U.S. Crude futures were down 0.6% at $52.97 a barrel, while Brent futures were down 0.5% at $55.79 a barrel.
U.S. Gasoline RBOB Futures were down 0.8% at $1.5315 a gallon.
Data released late Wednesdy by the industry group, the American Petroleum Institute showed that {{8849|U.S. crcrude oil inventories rose 2.6 million barrels in the week to Jan. 15, against expectations for a 300,000-barrel draw in forecasts prepared by Investing.com.
The U.S. Energy Information Administration is due to release its official weekly inventory report on Friday, later than usual due to Monday’s holiday. If these numbers show a similar crude oil build, it would be the first since early December.
Weighing on the market is the fear that the surge of Covid-19 cases is having a direct impact on the demand for crude oil, not only in the U.S. but also around the globe.
Earlier this week the International Energy Agency, a Paris-based autonomous intergovernmental organization, revised lower its global demand estimates for the year by 300,000 barrels a day as a result of a fresh wave of lockdowns, particularly in China, the largest importer of crude in the world.
“The most recent has been in Beijing, specifically the Daxing district, which has affected around 1.6m people,” said analysts at ING, in a research note. “The government will be keen to get any outbreaks under control, particularly with the Chinese New Year fast approaching.”
On the supply side, newly inaugurated President Joe Biden has announced his decision to cancel the Keystone XL pipeline project, which would have carried more than 800,000 barrels a day of crude from Alberta’s oil sands in Canada as far south as the U.S. Gulf Coast.
Additionally, ING noted that Shell (LON:RDSa) has lifted force majeure on exports of Forcados crude from Nigeria, a measure which had been in place since Jan. 14, after the pipeline to the Forcados oil terminal was shut due to a leak.
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 (BCO): Breakdown from rising wedge = bearishThe volatility in oil markets has been falling for months as price contracted into a narrow range.
That 'wedge'-like trading range appears to have just broken to the downside
UKOIL Brent Crude TECHNICAL OVERVIEW Recently, there has been a lot of news about the fact that oil futures have recently doubled after the last fall, that JP Morgan has earned a couple of billions, and so on and so forth.
It is a rumor that oil will fall again to $ 20 per barrel, I honestly do not really believe in this scenario, since oil is not only a trading product but has a certain influence factor from different countries, so most of the OPEC and OPEC + participants will try to speculate prices and other traders will help them in this.
Now I am exiting LONGS for oil because traders are trying to close the GAP, so we have a certain level where we can observe further price developments.
If we discard the speculative market and look from a technical point of view, we have two variations.
1. In which I very much believe this is breaking through the support level, a small correction, and going up to the golden ratio.
2. This is the exit from the channel and the fall, where we will wait for the bear rally to expire. and buy it again.
I would like to note that this analysis carries with it the subjective opinion of the author and does not force trading and is not a signal for buying or selling instruments.
Take care of yourself, like, and subscribe to my channel, leave comments, and write your own about the current situation.
the future of UKOIL BRENT WE GONNA SEE PRICE DROP TO $24 AS RUSSIA AND SAUDI ARABIA STILL ON DISPUTE
tell me the signal you want to see me analyse and dont forget to follow me
brentYou can expect a growth from this point to keep the loss from the oil of the Brent Sea
Be sure to analyze and make a loss purchase
Successful and profitable
Brent Crude Oil | My trading plan | Sell and BuyMarket analysis resembles a game of chess. The market is making a action, and we must give an answer.
Here is my plan - in response to the latest oil market action.
BRENT OIL | Bearlish scenario | UpdatingPossible BRENT oil movement based on Elliott theory and Fibonacci proportions
Updating last idea
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!!! 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! !!!
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39.7 is possibleTechnically it's possible. Very very critical weekend. If it breaks..
Reversal H&S target is 39.7
Why?
- Corona virus
- Middle east is burning ( Turkey & Russia)
- Trade wars. ( )
See you in 39.7, other targets are on chart.
My two lines for BrentDue the latest worldwide events and seeing that DJT transportation index seems not performing well... Bad news also coming from that cartel OPEC represents I decided to setup my position against brent.
Here are my two levels based on FIBO lines.
What are your thoughts? Do you really think that the price of the barrel will continue to plummet? Will we reach $ 20 soon?
Please feel free to comment. Glad if you share this too. Thanks!
Brent oil has turned to downside, have to monitor it's path downBrent oil has turned to downside, have to monitor it's path down... Bear dvg in all 3 indicators, in 30min.
Can brent reach down to low 53 ?
WTI - Sell 30/01/2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can sell WTI from 55-56
Stop-loss at 57
You will find more trading ideas in SAV Finance community.
BRENT OILBRENT UKOIL BULLISH OUTLOOK
UK Oil Could Cross $150 if US-Iran Conflict Escalates to Full-Scale War.
