+++ oil long idea +++whenever oil price breaks 69.78 we should see a bullish movement toward the primary target which is 71.80 and above .
Oilbrent
brent oil ideai think oil will keep rise and touch 69.7 and by entering that zone bears will mostly invade the market and pull it down to 68.40 levels and maybe even bellow.
i may update this chart Monday stay tuned.
Oil Brent, possible wedge formation.As seen on the 4h chart there is a possible rising wedge formation.
traders must wait for the reversal bars.
I welcome comments and likes. thanks in advance.
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Disclaimer: The given information on the chart and comments are not a Financial Advice.
Be carefull abaut your risk assessment and always use stoploss...!!!
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Yatırım tavsiyesi değildir.
OIL_BRENT SEEL TP_38.37_15.07%_6.81pips_SL_46.47_2.86%_1.29pipsOIL_BRENT SEEL TP_38.37_15.07%_6.81pips_SL_46.47_2.86%_1.29pips
Divergence in Brent Price and RSI indicator?Are we seeing clear divergence between the price of Brent and the 14-day RSI over last couple of months? Check out my video and let me know what you think?
With the recent double-top, I'm thinking there's got to be a strong case for a Sell position here...
Ascending Triangle on BRENTHello, Traders,
BRENT is close to breakout an ascending triangle after a couple of days of accumulation.
The entry point is on the breakout or pullback.
Be Careful with SP500.
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May 29. Today's matrix for intraday trading on m5 timeframe.
Hi everyone. My analysis done for my main timeframe 5m. I start from higher timeframes and move down to lowest m5.
Futures contract for Brent crude , London exchange ICE 08-20
My trading is based on market phases.
For timeframes m5:
Buy after breakout on the test of level 36.35, target 36.96
Sell 35.16, target 34.35
Brent 50 or 12 dollar?The longterm trend in oil is weak, Gov bond around ATL signaling low inflation/low growth.
12 dollar would be a retest of the 1999 low, and a new millennial bottom.
You could also argue that the worst is over in oil and tripple bottom is in play at 20.
Or we hit 50 dollar and the longterm trend has turn for now.
Probabillity leaning towards the downside since we are in a downtrend 60/40
if more downside, target would be at 23 and 20, but with an "option" of 12 dollar
What do you think?
Oil brent Go short .watch the last analytics that i did on the ukoil brent and you undrestund why sorry no time . already late
go in
OIL up movement but no plan yetThe oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump.
I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections.
What is important to mention here, we shouldn't forget that this virus based "switch-off and further expected switch-on" of the world economy can, and highly likely will cause market shares reshaping and higher oil demand.
So in the long perspective, I would expect oil prices much higher than they used to be in Q1 2020, but before this, we could observe many speculations from oil-producing countries in an aim to protect the status quo.
Oil Brent chart on descending triangle pattern Usually when a bearish triangle pattern forms, a negative trend begins at the end of the triangle, the price return may take some time in the medium term.
Trading Correlation on Crude Oil Futures - Brent Oil vs WTIWest Texas Oil and Brent Crude Oil are well correlated. Recently we spotted a discrepancy between them leading to overpricing of Brent Futures and under pricing of WTI Futures. Thus we made a synthetic position consist of equal dollar weighted long position in WTI and Short Position in Brent Futures. Trade was initiated on 08 of September and will be closed when the gap in the relative strength between the two futures on 15 minute chart disappear.
UKoil 60min, doble/triple top, FLAT BEAR DVG, short.possibleUKoil 60min, doble/triple top, FLAT BEAR DVG, short-possibillity.
But wait for confirmation down, maybe under that red VWAP-line
If it break's up above $56, then I don't know, if this idea is that good any further....
So it could be smart to look for what those next candle's become, b.c. oil look bullish in this upmove.
Oil IHS still active - Testing the neckline1. So many has forgotten about the Daily IHS.
2. Structure resistance and support + FB, probable waves.
Volume above average is the secret of this ideaPay attention to the volume average in the period M1 to H4. It indicates the amount of capital invested in selling transactions. The red line is the best position to get in.
The Bullish Case on OilWave 3 ends @ 1.618 of wave 1-- slowing demand calling for correction to around low of wave 4
