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Crude Oil Brent

Brent Crude - Buying the lower end of the channelUS CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Brent Crude Oil - Intraday - We look to Buy at 73.55 (stop at 71.05) Broke the sequence of 6 negative daily performances. Intraday, and we are between bespoke support and resistance 73.53-81.96. The 161.8% Fibonacci extension is located at 73.22 from 131.06 to 95.31. Preferred trade is to buy on dips. Our profit targets will be 81.95 and 88.72 Resistance: 81.97 / 88.72 / 88.79 Support: 75.30 / 73.55 / 73.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:UKOUSDLong
by VantageMarkets
UKOIL W5: 50% CORRECTION Strategic Outlook(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! UKOIL 2W: 50% CORRECTION Strategic Outlook(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: UKOIL 2weeks/candle chart ::: chart is LOG SCALE ::: setup still valid expecting correction ::: STRATEGIC OUTLOOK / long-term overview ::: recently rejection near premium prices ::: 115 USD/bbl was the MARKET TOP ::: market topped out for this CYCLE ::: BEARS maintain strategic control ::: 50%-65% correction in progress now ::: BEARS will target re-tests of premium prices ::: BEAR CYCLE Target 25-32 USD/bbl ::: so there's MASSIVE DOWNSIDE in here ::: Zero Covid Policy in China + new supply ::: from Venezuela - huge downside risk in the market ::: next 12-24 months limited upside as we are entering ::: global recession demand will slow down a lot ::: recommend to SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A fresh demand zone ::: N/A fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS / SUPER CYCLE ::: Sentiment outlook mid-term: BEARS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILShort
by ProjectSyndicate
22
China's turmoil, SPRs, and further deterioration in outlookIn our previous update on West Texas Intermediate crude oil, we updated our price target from long-term to medium-term. Additionally, we stated that this price target could soon become short-term, depending on oil market developments. Today, finally, USOIL hit a new yearly low at 73.62$, further confirming our bearish thesis. Accordingly, we continue to maintain our price target at 70$. Our views are based on a combination of fundamental and technical factors. We expect the global recession to weigh heavily on oil prices in the coming months. In addition to that, we expect the United States to offset any price increases with more releases of Strategic Petroleum Reserves (SPR). As if it was not enough, turmoil in China also does not support the bullish narrative, putting higher prices at risk. The same applies to OPEC member countries that seek to increase their production despite a slowing economy. Overall, we have no reason to change our bearish outlook. Illustration 1.01 Illustration 1.01 displays the daily chart of USOIL. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.02 The illustration shows the daily chart of USOIL, simple support/resistance levels, and two moving averages. At the moment, the price appears too far from these moving averages, likely foreshadowing a correction to the upside (as the price deviated too far from its MAs). Now, these MAs act as significant resistance levels. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
16
Crude OIL Weekly Volatility Analysis 5-9 Dec 2022 Crude OIL Weekly Volatility Analysis 5-9 Dec 2022 We can see that currently the implied volatility for this week is around 6.96%, down from 7.4% last week according to OVX data With this in mind, currently from ATR point of view we are located in the 68th percentile, while according to OVX, we are on 85th percentile. Based on this, we can expect that the current weekly candles ( from open to close ) are going to between: Bullish: 4.9% movement Bearish: 5.08% movement At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset, meaning that there is a 27.4% that our close of the weekly candle of this asset is going to be either above/below the next channel: TOP: 85.9 BOT: 74.1 Taking into consideration the previous weekly high/low, currently for this candle there is : 70% probability we are going to touch previous high of 83.5 30% probability we are going to touch previous low of 73.5/74 Lastly, from the technical analysis point of view, currently from Weekly timeframe indicates 50% BEARISH trend Daily timeframe indicates 66% BEARISH trend 4H timeframe indicates 26.3% BULLISH trend
NYMEX:CL1!
by exlux
CRUDE OIL (WTI) Your Detailed Trading Plan 🛢 WTI Crude Oil is approaching a key daily supply area. The market was nicely rejected from that last week. Analyzing the intraday perspective, I spotted a head & shoulders pattern on 4H time frame. 79.55 - 80.2 is its neckline. To short the market with a confirmation, wait for its bearish breakout. We need a 4H candle close below that to make a breakout valid. A bearish continuation will be expected then. Goals: 77.7 / 76.5 If the price respects a neckline and sets a new high then, the setup will be invalid. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
8
USOIL H8: 20% Gains CORRECTION setup SHORT/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! USOIL H8: 20% Gains CORRECTION setup SHORT/HOLD(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: USOIL H8 chart review ::: chart is LOG SCALE ::: setup still valid expecting ::: 20% gains final TP BEARS ::: continuation setup strong DOWNTREND ::: sequence of lower highs in progress ::: cycle low for oil market at 60 USD/ bbl ::: BEARS maintain strategic control ::: 87.50 BEARS get ready to SHORT/HOLD ::: from overhead resistance / 3 drives ::: BEAR CYCLE not over yet ::: DO NOT BUY yet into BEAR MARKET ::: lower highs 96.50 // 91.50 // 87.50 ::: SHORT rips/rallies and get paid ::: 20% gains conservative TP BEARS ::: WAIT for rips/rallies and SHORT IT ::: recommend to SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A fresh demand zone ::: N/A fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BULLS / MORE GAINS ::: Sentiment outlook mid-term: BEARS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILShort
by ProjectSyndicate
55
UKOUSD - Fibonacci confluence area is located at 81.10UKOUSD - Intraday - We look to Sell at 84.00 (stop at 85.30) A Fibonacci confluence area is located at 81.10. Selling posted in Asia. We have a Gap open at 83.88 from 22/11 to 28/11. The sequence for trading is lower lows and highs. Previous support, now becomes resistance at 83.94. Our profit targets will be 81.10 and 79.90 Resistance: 83.88 / 83.94 / 88.01 Support: 81.10 / 79.90 / 78.07 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
VANTAGE:UKOUSDShort
by VantageMarkets
USOIL Weekly Forecast Analysis 28 Nov-2 Dec 2022 USOIL Weekly Forecast Analysis 28 Nov-2 Dec 2022 We can see that this week, the current implied volatility is around 6.37% , down from 6.6% of last week. According to ATR calculations, we are currently on the 85th percentile, while with OVX we are on 88th percentile. Based on this data, we can expect on average, the movement from open to close of the weekly candle to be : In case of bullish - 5.25% In case of bearish - 4.6% With the current IV calculation, we have currently 27.6% that the close of the weekly candle is going to finish either above or below the next channel: TOP: 81.5 BOT: 71.5 At the same time, taking into consideration the high/low touch calculation from the previous values, we can expect for this week: 70% chance that we are going to touch the previous low of the weekly candle of 75.5(ALREADY HIT) 30% chance that we are going to touch the previous high of the weekly candle of 82.3 Lastly from a technical analysis point of view, currently 65% of the moving averages rating, are insinuating we are in a BEARISH trend.
TVC:USOIL
by exlux
📖EURUSD-11/22/2022-US dollar is back in play📉📅 Date: 11/22/2022 ➡️ Trading instrument: EURUSD 📊 Priority direction: SELL 💬 Comment: The single European currency has not yet been able to overcome the resistance area of ​​1.03604 - 1.05191. This wide range is likely to be tried again by buyers. As expected, the maximum that will be so is a hike to the level of 1.03604, that is now acting as resistance. A more likely scenario is a further fall from the level of 1.02609. Support level 1.01327 is a conservative target. Support level 1.00011 is also an adequate target, a more medium-term target. By the end of the year, it is unlikely that we would have to observe levels ​​much higher than the parity level for the EURUSD currency pair. The price would most likely be fixed below this level. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Short
by TradePlus-Fx
1
CRUDE OIL DIPS AFTER CHINESE DEMAND WORRIESUSOIL has made another drop of 18% after a high visit closed to $93 on the daily timeframe. This drop confirms that the price has revisited the following daily highlighted support close to the current market price of $76. We have seen a minor buying pressure close to this level which can be supportive of a bullish reversal. On the hourly timeframe, I have witnessed that the price formed a nice "M" formation or a double tops formation which is another supporting setup for the idea of a bullish reversal. The target expected on the bullish reversal is close to the neckline holding $82. Oil prices fell 2% on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures settled down $1.71, or 2%, to trade at $83.63 a barrel, having retraced some earlier gains. China, the world's top oil importer, on Friday reported a new daily record for COVID-19 infections, as cities across the country continued to enforce mobility measures and other curbs to control outbreaks. This is starting to hit fuel demand, with traffic drifting down and implied oil demand around 1 million barrels per day lower than average. Trading is expected to remain cautious ahead of an agreement on the price cap, due to come into effect on Dec. 5 when an EU ban on Russian crude kicks off, and ahead of the next meeting of the Organization of the Petroleum Exporting Countries and allies on Dec. 4.
TVC:USOILLong
by traderchamp_
2