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Crude Oil Brent

USOIL - The downtrend continuesIn the first quarter of 2022, we warned market participants about the peaking conditions in the oil bull market. Since then, our predictions came true, and USOIL dropped over 30% from its highs, hitting our 100 USD and 90 USD price targets. At the moment, we still remain bearish on WTI oil with a medium-term price target of 80 USD. Our views are based on technical and fundamental factors. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.01 Illustration 1.01 shows USOIL down approximately 33% from its 2022 highs. At the moment, we pay close attention to the sloping resistance; a breakout above it will be a bullish sign, potentially hinting at the correction of the downtrend. 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
📈BRENT 08/26/2022: medium-term growth❗️📈 Priority direction: Up . 📝 Description: Oil is in the resistance area near the $100 level, trying to break up. The medium-term view is directed upwards, however, there is a possibility that the instrument will not break through the indicated resistance immediately and before that it will roll back to $98.55. The target for growth is the level of $104 and $106 can be considered a little higher. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILLong
by Market-Mentor
3
📈GOLD 08/24/2022: recovery continues❗️📈 Priority direction: Up . 📝 Description: Gold worked its way up to $1752 in yesterday's trading day, and today it is expected that buyers will continue to regain the initiative. In the near future, it is expected to update the highs, that is, the price will rise above $1752 and will strive to gain a foothold above this level. In addition, attention should be paid to silver, which is also expected to rise (both the traditional correlation between metals and a separate analysis for silver). -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDLong
by Market-Mentor
1
BRENT CRUDEHello and welcome to this analysis UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support. The expected rally from the suggested levels could take it towards $115 In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101 In terms of MCX Crude - the corresponding levels are $ 85 > INR 6100 $ 101 > INR 7600 $ 115 > INR 8400
TVC:UKOIL
by Dinesh_C_Nagpal
#UKOIL (Brent Oil) : 08.23.22 This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 08.23.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
TVC:UKOILLong
by ArmanShabanTrading
17
📈BRENT 08/23/2022: buyers in action❗️📈 Priority direction: Up . 📝 Description: There is interest in oil around the $95 level (on average) and most likely further events will develop above this level. The approach of the level to $98.55 is expected. Globally (medium and long term) as long as oil is above $91.70, buy-priority to $100 and above remains. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILLong
by Market-Mentor
3
📈EURUSD 08/22/2022: parity again❗️📈 Priority direction: Up . 📝 Description: The euro is once again close to the parity level. Approach to this level is almost inevitable and a recovery from this value is also very likely. One should not look too high yet, the resistance area near the level of 1.01215 is now considered as a maximum for this. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
Long
by Market-Mentor
2
📈GOLD 08/22/2022: logical correction❗️📈 Priority direction: Up . 📝 Description: The metal continues to be under selling pressure since the end of last week and an approach to the $1736 level is very likely now. The price area around this level acts as a support, thus, it is logical to expect some kind of stop in sales and some kind of upward correction. The mark at the level of $1752 is still considered as the maximum value for correction. In the best scenario, the price will correct to $1770. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDLong
by Market-Mentor
1
📈BRENT 08/19/2022: positive attitude❗️📈 Priority direction: Up . 📝 Description: The price of oil still broke through the resistance line, which was indicated yesterday, and yesterday's alternative buy scenario automatically worked. Today and in the near future, growth is expected to continue towards $98.55. There is resistance at the levels of $96-$97, and as a result of passing the indicated value, the instrument is more likely to acquire an upward character again. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILLong
by Market-Mentor
1
📈GOLD 08/19/2022: sales stop❗️📈 Priority direction: Up . 📝 Description: Yesterday's spruce at the level of $1752 was successfully reached and now it is expected that the fall in the metal will stop and we can expect the price to approach $1764. At this level, there is a resistance line of the downtrend channel. Volume analysis also confirms the moment of pause for the fall. There are prerequisites that gold at the indicated levels may again turn up locally. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDLong
by Market-Mentor
3
📉BRENT 08/18/2022: push to $91.70❗️📉 Priority direction: Down . 📝 Description: Oil sellers are trying to push the price to $91.70 in order to push it even lower. Most likely, the approach to this level will take place and even the price will fall under it, however, the general mood is still in favor of buyers (longer-term view). An alternative scenario involves buying approximately from the current ones with a target of $95. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
TVC:UKOILShort
by Market-Mentor
1
📉GOLD 08/18/2022: sales prevail❗️📉 Priority direction: Down . 📝 Description: Gold continues its downward movement within a small downward channel, as expected. Based on the technical analysis, as well as volume sellers prevail and the price drop is more likely to continue. The $1770 level is an attractive sell entry point. The target of the fall is now the support level of $1752. -------------------------- Thank you for your support, subscribe and share your ideas here 👇 --------------------------
OANDA:XAUUSDShort
by Market-Mentor
1
Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
TVC:UKOIL
by MarketIntel
1