Get started

Crude Oil Brent

BRENT CRUDE OIL BULLISH PREDICTIONSBoth WTI and BRENT Crude Oil benchmarks rose in price on Tuesday (26th of April) after China announced that it will support its economy in case of a lockdown and the fears of diminishing demand have been eased. If the rally continues it will most likely test its previous high at 109.5, in the opposite scenario, the price might test its support at 99.3 MACD and RSI are showing a slow down of the bullish trend from the last few hours, but with eased lack of demand fears the price might return its momentum. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:BRENTLong
by legacyFXofficial
USOIL - A gloomy outlook for WTI oilA few weeks ago, we noted that we believe USOIL peaked and is headed lower. Indeed, we set a long-term price target of 90 USD. Now, we would like to change this price target to medium-term and set a new long-term price target of 80 USD. Additionally, we would also like to set a short-term price target of 95 USD. Illustration 1.01 Yellow arrows indicate the recent bullish breakout (above the trendline) and subsequent loss of momentum. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-, which recently performed the bearish crossover. In addition to that, ADX halted its decline, suggesting the resumption of the bearish trend. Overall, the daily time frame is bearish for WTI oil. Technical analysis - weekly time frame RSI and Stochastic are developing bearish structures. MACD performed the bearish crossover. DM+ and DM- show bullish conditions in the market. However, ADX signals that the bullish trend is losing momentum. 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 serve as 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
10
Brent: Parking Assistant 🚗Beep beep, beepbeepbeep, beebeepbeepbeepbeeeeeep Brent seems to have afforded a parking assistant, judging by the neat way in which it has entered our white zone between $106.12 and $99.47 to finish wave c in blue and wave (B) in white. We expect it to turn around soon and to head for the next parking lot above $114.74, the green zone between $117.78 and $133.52. After Brent has completed wave B in green and wave (C) in white there, it should turn again and home in on the support at $97.56.
TVC:UKOILLong
by MarketIntel
1
⭐️BRENT: forecast for Apr 25-Apr 29➡️ Last week, Brent crude made a major peak at 141$ . It is expected that oil will continue to move in the range of 104.10$ - 114.83$ . The breakdown of the level of 104.10$ and the closing of the price above this level is the main condition for going long. The long target lies at the level of 109.53$ , further growth may continue to 114.83$ . 🔥 BRENT Forecast Results 🔥 ☑️BRENT: small update 👉 +590 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
3
Oil saleEarlier oil showed a turn in week the graph, then we observed correction similar to a triangle. Further there was an exit from a triangle up that speaks about further growth. However, the MACD indicator on the week schedule indicates attenuation of the movement up and the forthcoming turn. I consider that the price moves in the descending channel designated by me and about 88 have the first purpose for falling level. It can be seen by means of Fibonacci's stretching. Information provided is only educational and should not be used to take action in the market.
FX:UKOILShort
by Yuriy_Kuznetsov
Brent: Watch Your Head! 🤕Brent has been climbing and climbing and climbing and has actually maxed out the space until $114.74. There, it has finished wave (A) in white, butting its head at the resistance line, and subsequently turned around to move downwards. We expect Brent to drop into the green zone between $106.12 and $99.47 to recover and to complete wave (B) in white. Then, it should start to rise again, breaking through the resistance at $114.74 this time. After finishing wave (C) in white as well as wave B in green, ideally in the lower third of the green zone between $117.78 and $133.52, Brent should turn again, heading in the direction of $97.56.
TVC:UKOIL
by MarketIntel
1
$UKOIL - Conflicts, COVID, Sanctions, Triangle patternHi guys! 👋🏻 🔔 Conflicts, military operations, sanctions, COVID seem to be the headlines of 2022 🔔 The bursts of conflicts globally looks so intense that they might be the main drivers of oil prices. 🔔 I really don't think that EU will embargo Russian oil but if they really do, BRENT will hop to $160 easy, which according to the chart here is very possible. 🔔 For now, I'm expecting a slight correction here with a potential on a jump to $123. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOILLong
by azizelliott
☑️BRENT: on a rollback down➡️ "Black gold" rose to 111$ ahead of the long weekend. At the moment, oil is in the green zone, which seems to make sense amid expectations of tough conditions in the global market amid supply disruptions to Russia. Trading was rather thin in global oil markets on Thursday amid a slowdown in related news flow and as traders wind down ahead of the long weekend in major markets in North America and Europe. At the moment, however, there is a possibility that the instrument will fall to ~105$ early next week. The idea of ​​a short is simple, it will be associated with a pullback after such an increase and in the near future the price will again go up, as expected. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILShort
by TradePlus-Fx
21
☑️BRENT: small update➡️ A small update to Friday's oil short idea in a new idea format. The priority of shorts remains, the fundamental reasons remain the same, but a larger perspective, of course, should most likely be expected to go long. Technically, at the moment, the actual short. One can open short from the current levels ( ~111.50$ ). The target of the fall will be the level ~107.17 . 👇 Previous idea for BRENT 👇 ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILShort
by TradePlus-Fx
15
Magical squares in Oil. Pay attention on it. We could see 3 global square range at the Oil chart for last 10 years. I call it Support, Resistance and a Transit zone. You could see that we have successfully leaved Support zone (so, no Oil shorts any more) and follows to the Transit zone. There are 2 main options now - to push off from it and return to Support zone or to come inside of it. If we come inside of Transit zone, it means we are on the path to Resistance Zone. And that's 100+ Oil price area. Let's suppose we are take off in Transit zone. There is a question - how long Oil is going to be passing throw it? You can see app. historical periods on chart. I have viewed a lot of forecasts at TV and there is almost absent some setups with 100+ price range. That could be a sign that traders are not expect fast emergence of Resistance zone. That could mean that this time transition could be really fulminant (almost no one expected of Oil's drop to 40 area from 140). Anyway, I prefer to forgot of longterm shorts of Oil for 2017. Happy New Year! Best wishes for everyone. Wish you an excellent year with a lot of joy and profits. May all your dreams come true. Be happy!
TVC:UKOILLong
by UnknownUnicorn163516
We could see a HUGE move on Oil in a longterm. DON'T MISS IT. As you can see Oil slowly returns to a huge Ascending Channel which has started in 1999. As long as Oil is inside of the Channel (or close to it) I am great believer of Oil rise. Due to a symmetry I suppose that we could see a huge move till the top of the channel with possible break (or not?) at a middle of a channel. If this setup comes true you were bought at the bottom of the channel and could sell at the top of the channel - that's what every trader dreams about. However, if Oil leaves a channel we could see rush FALL till 20+ area or lower which could mean that all who has leveraged could loose a capital. So, RR is about 1:2. Trade looks to be really danger, so Risk Management is a mandatory (if you just press BUY button with no thinking about risk management of a trade, you probably loose a lot (or everything)). If you have no skills or experience to manage risks, better stay away from Oil now.
TVC:USOILLong
by UnknownUnicorn163516
1
Very very important Channel in Oil_ pay close attention to it. I suppose that Oil has returned to an Huge Ascending Channel (look my longterm view). However, it is now situated in a Descending Channel and while it is inside of it - the decline view should be in a priority. If Oil rise till the top of this channel - prior attention to it - because there is strategic question could be solving - if Oil rise or fall. Remember about risk management. You can use green trendline as a stop line - if price dive below of it - very bearish sign. I suppose we really could see 35-38 level in Oil as a middle of the bottom part of this channel or 30- as a bottom of the channel. Be careful! Good luck everyone! My longterm view:
TVC:USOILLong
by UnknownUnicorn163516
4