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Crude Oil Brent

Brent: GlueyBrent is currently glued to the resistance at $114.74, where it has finished wave b in blue. However, we expect it to let go of this mark soon to fall into the turquoise zone between $101.67 and $99.83. There, it should complete wave a in turquoise and move back above $104.67 afterwards to finish wave b in turquoise. After that is settled, Brent should gradually fall below the support lines at $104.67, $97.56 and $93.57. There is a 40% chance, though, that Brent could climb above $114.74 and make a detour through the green zone between $117.78 and $133.52 first before moving downwards.
TVC:UKOIL
by MarketIntel
2
UKOIL: outlook leans for a bearish reversalOn the daily frame Previous price congestion axis at 107.20 forms a stronger support than expected for UKOIL oil moves and brings prices back to retest the $114 resistance We notice the gradual decline in the size of the candles, and this is a technical indication of the weakness of the rise The momentum is balanced on RSI and its decline below the 50 line supports the bearish rebound UK Oil: The outlook leans for a bearish reversal Monitor levels 116.65 114.00 110.00 107.20
TVC:UKOIL
by Walid_Aboeldahab
Expected Key Points USOIL 17 May 2022USOIL 17 May 2022 The daily expected volatility is around 3.53% With an 77% accuracy based on the historical data, we can assume that the price of USOIL today is going to be between TOP 117.70 BOT 109.7 All of this taken into account with the opening price of today which was 114 From VOLUME POC point of view its above 114 which imply a bullish momentum at this very moment. From Fundamental/News point of view that can affect USOIL price: In 10h from now, FED Chair Poweel speaks
TVC:USOIL
by exlux
WTI Crude Oil - What a surprise! Incredible! 29.4The consolidation period of close to 12 weeks is likely coming to an end with a breakout up! A close above 102.90 (triangle consolidation resistance level) allowed the price action to proceed with up-trend targeting: *108.30-108.50 *114.80-115 *124 *132 Width of triangle is usually the target of the breakout in terms of size of movement This could make sense fundamentally as inflation continues to grow together with Russian oil supply fears which is likely to fall by 20% , Europe may struggle with oil supply and this offsets China's lock down for now. Of course this may be a fake out, weekly close and next weeks open is likely to call the bluff if price returns to below 100 with a daily close. -------------------------------------------------------------------------------------------------------------------------------------------------- If you found my idea useful, please like and follow! It would mean a lot to me! I promise to respond to any and all comments/questions - Don't hesitate to ask. Thank you :) ---------------------------------------------------------------------------------------------------------------------------------------------------
TVC:USOILLong
by Exactus
2