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Crude Oil Brent

☑️USDCAD: medium-term long➡️ At the moment, in the medium term, the USDCAD currency pair is considered long. Globally, the price is in the range of 1.20000 - 1.45000 and has already rebounded from its lower border. Locally (on the chart) the price is clearly in the balance of 1.24697 - 1.25929 and the sellers are getting ready for another drop to the level of 1.24697 today. After that, the expected medium-term long will become a reality. Considering the fundamental aspect, the market is increasingly betting that the Bank of Canada ( BoC ) will raise its key rate by 50 bp . at the next meeting. Expectations of a rate hike were likely caused by the publication on Monday of a survey of business prospects of the Bank of Canada. Also today, data on the labor market is expected to be released, which will also clarify fundamentally. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
Long
by TradePlus-Fx
18
UKOIL potential for a bounce! | 8th April 2022Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 100.83 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement towards our Take Profit at 109.49 in line with 127.2% Fibonacci Projection. RSI is at levels where bounces previously occurred. 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.
FX:UKOILSPOTLong
by Rockqet
UKOIL potential for bounce! | 6th April 2022Prices are on bullish momentum and abiding by an ascending trendline. We see the potential for bullish continuation from our Buy Entry at 105.19 in line with 61.8% Fibonacci retracement towards our Take Profit at 111.61 which is an area of Fibonacci confluences. RSI is portraying bullish momentum. 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.
FX:UKOILSPOTLong
by Rockqet
USOIL's Monthly Resistance is super strong and creating selloffUSOIL's monthly resistance is playing an important role in all time frames. Even on the higher timeframes, we can clearly see that the price got faked out by breaching the upside with a fake bull run. The following resistance is holding stronger against the bulls while we see strong selling pressure in the 110 price area. I have a decent expectation of a further decline in oil prices to create and revisit the level highlighted close to 75
TVC:USOILShort
by Profitlio_Trading
USOIL (Crude OIL) /WTI Full Top Down AnalysisAfter rising paraboilically in past few weeks, USOIL completed a multi year W pattern and fell down for a correction. After a parabolic move, a market usually falls down to a shallow target level and tries to consolidates a bit before retesting few levels and making its move again in further correction. WTI (Crude Oil) is in the second stage of it. It is right now consolidating on higher time frames and is trying to test few levels before it starts to fall again. In this Crude Oil Analysis & Forecast Updates - WTI (USOIL) Technical Analysis For April 05, 2022 we will see the scenarios which may come in the play while trading USOIL. Market conditions are still not very good and we have a new quarter along with new week starting. So trade what you are comfortable with. Do not rush into trades. Trade what you see and ignore any hypes. Stay objective. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:USOIL
by vikinsa
2
UKOILSPOT potential for bounce! 5th April 2022Prices are consolidating in a triangle pattern. We see the potential for bullish continuation from our Buy Entry at 105.19 in line with 61.8% Fibonacci retracement towards our Take Profit at 111.61 which is an area of Fibonacci confluences. MacD is on bullish momentum. 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.
FX:UKOILSPOTLong
by Rockqet
UKOILSPOT potential for bounce! | 4th April 2022Prices are approaching a pivot. We see the potential for a bounce form our Pivot at 101.83 in line with 78.6% Fibonacci retracement towards our Take Profit at 111.19 in line with 100% Fibonacci Projection. Stochastics are at levels where bounces previously occurred. 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.
FX:UKOILSPOTLong
by Rockqet
☑️BRENT: intra-balance sheet movement➡️ The release of 180 million barrels of US strategic reserves to the market will help the oil market balance in 2022, increasing supply by 1 million barrels per day within six months, analysts at Goldman Sachs write. According to analysts, the additional supply "will not solve the problem of a structural supply deficit that has been building up over the years." “In fact, lower prices in 2022 will support oil demand while slowing down the acceleration in shale oil production and keeping the current deficit in 2023, as well as the likely need to replenish strategic reserves.” Thus, the release of reserves will reduce incentives for shale oil producers in the face of declining asset prices. This is microeconomics, so this shouldn't be news. We could raise our 2023 Brent forecast by $5/bbl above our current 110 estimate to reflect higher demand and lower supply of shale oil after 2022 ends. At the moment, technically, the instrument is in the balance of 105.85 - 114.83 . The market setup for today speaks in favor of purchases, however, there is resistance at 108.25 ahead, which is expected to be broken by buyers. ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
15
UKOil potential for bounce! 1st April 2022Prices are approaching a pivot. We see the potential for a bounce from our buy entry at 101.54 in line with an area of Fibonacci confluences towards our Take Profit at 111.57 in line with 100% Fibonacci Projection. RSI are at levels where bounces previously occurred, supporting our bullish bias. Prices are on bearish momentum and abiding by a descending trendline resistance. We see the potential for a bounce from our buy entry at 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.
FX:UKOILSPOTLong
by Rockqet
UKOIL potential for bounce! | 31st March 2022Prices are consolidating in a triangle pattern. We see the potential for a bounce from our buy entry at 103.93 in line with 61.8% Fibonacci retracement towards our Take Profit at 111.52 in line with 78.6% Fibonacci Projection. RSI is at levels where bounces previously occurred. 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.
FX:UKOILSPOTLong
by Rockqet