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Crude Oil Brent

MarketBreakdown | WTI Crude Oil, USDJPY, USDCAD, AUDUSD Hey traders, here is a brief technical outlook of 4 peculiar instruments on my watch list. 1️⃣ WTI Crude Oil - Daily time frame 🛢️ The market has recently retraced from a resistance line of a rising parallel channel. The goal for sellers is the support of the channel now. Be prepared for a bearish continuation and then look for a long trade from support. 2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵 The pair is currently retesting a current year's high. I believe that chances will be high to see a retracement from that. 3️⃣ USDCAD - Weekly time frame 🇺🇸🇨🇦 The market is steadily growing within a rising parallel channel on a weekly. Ahead is a channel's resistance. I will expect a strong bearish move from that. 4️⃣ AUDUSD - 1H time frame 🇦🇺🇺🇸 AUDUSD broke and closed below a support line of a bullish flag pattern last week. The pair is steadily recovering now. I will be looking for shorting the pair on a retest of a broken support of the flag. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
13
OIL - Clear SHORT Targets!Oil has shown us clear price action where we can see an impulse, ABC correction and now we're in the next impulse phase. The weekly timeframe indicates that the bullish wave is over and we may see a deeper correction now. A simple way to enter Oil SHORTS is by waiting for a correction on lower timeframe. Trade Idea: - Watch for any sort of corrections on lower timeframe - Enter with stops above that correction - Targets: 94, 85 What do you guys think?
TVC:USOIL
by WicktatorFX
14
CRUDE OIL (WTI) Multi Time Frame Analysis & Technical Outlook 🛢 Hey traders, WTI crude oil is steadily growing within a rising parallel channel. The price is coiling around its resistance for the last two weeks. Analyzing the reaction of the price to that structure, I spotted a peculiar horizontal range on 4H. 116.6 - 118.0 is its support. Wait for its bearish breakout as your trigger to sell. Then a bearish continuation will be expected to 112.4 If the price breaks the resistance of the range, 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
Crude OIL (XTIUSD) AnalysisTechnical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18. Fundamental Facts: Russia is one of the largest producer of Crude Oil in the world. a recent ban was imposed on Russia in 3rd June, 2022 by European Union. When supply decreases, demand increases and the price goes up. if EU cant convince Saudi Arabia to produce more oil and make a balance of the demands, the price might go up till 130 as well. therefore, the analysis might be invalid. Signals: CRUDE OIL SELL STOP 117.80 SL# 119.61 TP# 114.18
FXOPEN:XTIUSD
by ForexLab
UKOIL H4 Potential Bullish rise With price moving in an ascending channel and in an uptrend, we have a bullish bias that price will rise to our take profit area of 125.07 in line with the horizontal swing high resistance. We are currently waiting for the confirmation of further bullish move with the break of our 38.2% Fibonacci retracement and horizontal pullback resistance at 121.70. Alternatively, if price does not break, we are expecting price tp head for our stop loss at the 50% Fibonacci retracement and horizontal swing low support at 118.93. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
TVC:UKOILLong
by VantageMarkets
USOIL 14th JUNE 2022Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish. The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on June 2, reports the organization’s press service. US President Joe Biden has repeatedly appealed to Saudi Arabia to increase its oil output without success. UK Prime Minister Boris Johnson also asked Saudi Arabia and the United Arab Emirates to boost production. He too was rebuffed.
TVC:USOIL
by DNP-FX
5
UKOIL H4 Potential BounceWith price moving above the ichimoku cloud , price is expected to rise to our entry at 119.04 in line with the 50% Fibonacci retracement and horizontal swing low support to our take profit area at 127.10 in line with the127.2% Fibonacci extension. Alternatively, price may break entry structure and head for our stop loss at 113.41 in line with the 50% Fibonacci retracement and horizontal swing low support. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
TVC:UKOILLong
by VantageMarkets
OIL WONT BE COMING DOWN ANYTIME SOONThe war in Ukraine caused a chain reaction in lifting energy and commodity prices, following the decision of the West to reduce and eventually ban Russian imports of crude oil, natural gas, coal and a number of other raw materials. As a result of this, there continues to be a shortage in oil supply in the global markets. The fact that there is underinvestment in this sector and falling inventories continue to allude to a tighter market in general. Throw in the fact that Russia supplies are being phased out with little to no immediate substitutes, the tighter market outlook is going to stay for longer. The capacity shortage and the fact that OPEC+ is also not doing much more than they are now isn't going to help alleviate sentiment on that front either. Significantly higher prices of energy and raw materials caused a rise in prices of final products that contributed to the second cause of rising inflation – cost-push inflation, while the strong rise in prices, accompanied by persisting supply disruptions, resulted in the shortage of products that pushed their prices higher and pointed to the third cause of strong prices growth – demand-pull inflation. This sparked a rise in food prices, electricity and many other essential items that contributed to the enormous increase in the cost of living, further pressuring households and businesses. The West is working with Venezuela and Iran to bring back their oil to the global markets to boost supply but after Iran turned off 27 cameras of the International Atomic Bomb Agency, which monitors compliance of uranium-rich countries to a peaceful application of nuclear energy to promote peace, health and prosperity, it looks unlikely that a deal with Iran will be reached soon. Barclays, Goldman Sachs, Citibank and other major banks forecast that oil will likely break its all-time high price of $127 per barrel on 8th March, 2022 and rise towards $135 per barrel. So brace yourselves folks as we ride this oil roller coaster.
FXOPEN:XTIUSDLong
by Joshua_Naabu
UKOIL buy signal done by SWOF trading System for a SWING tradeUKOIL buy signal done by SWOF trading System for a SWING trade on 4H UT Step 1: buy @ 116.8 and stop loss @ 112.5 Step 2: if we reach target 1 we move up stop loss to price entery @116.8 Step 3: if we reach target 2 we move up stop loss to target 1 level Step 4: if we reach target 3 we move up stop loss to target 2 level step X: we repeat process of this trailing stop until we are stopped... have a good trade.
TVC:UKOILLong
by SWOF_Invest
OIL H4 Potential Bounce | 9th June 2022On the H4, with price moving above the ichimoku cloud, we have a bullish bias that price will rise from our 1st support at 121.15 where the horizontal pullback support is to our 1st resistance at 125.53 in line with the 78.6% fibonacci projection and 161.8% Fibonacci extension. Alternatively, price may break structure and head for 2nd support at 117.76. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NYMEX:CL1!Long
by Rockqet