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Crude Oil Brent

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
TRADE OF THE WEEK | Finally I Caught This Move 💰 Hey traders, I was waiting for a quite long period of time to catch a bullish movement on oil after a pullback. This week the price finally reached a strong zone of confluence. From that, I was looking for a confirmation to buy. My confirmation was a double bottom formation on 1H time frame. I bought the retest of a neckline breakout. Great winner and nice trade. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
21
☑️BRENT: medium-term long➡️ The head of the International Energy Agency (IEA), Fatih Birol, warned on Friday: "The oil market emergency could worsen." The conflict in Ukraine and subsequent sanctions have reduced supply in the oil market to the detriment of demand, it will take time for the market to rebalance and it will take a period of high prices to attract new supply. Most likely, the medium-term outlook will be in favor of rising prices. However, at the moment, the movement will be directed towards the support level of 98.75$ , which is supposed to be the lower limit of the current trading range for oil. In the future, we can expect growth to 108.65$ and then to 120$ . ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
TVC:UKOILLong
by TradePlus-Fx
16