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Crude Oil Brent

☑️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
NATO countries-Russia Crude Oil CrisisDelicate situation with Crude Oil. Levels are almost to similar seen back on 2008. The price will definitely continue to rise if EU countries and other NATO countries don't find a new partner for Crude Oil. Venezuela and Iran are amongst the preferred choices to solve this crisis, but this could take a couple of months to see action from talks. Meanwhile the price keeps escalating as the pace as the war fought in Ukraine. We're adding more volume on Crude Oil and other commodities such as Wheat, Aluminium and other commodities affected by this crisis. Right now we don't own any stock, but only commodities, and we'll continue to add more volume as long as this crisis keeps escalating. Regarding technical analysis, it's very difficult analyse it from this angle, it's similar to March 2020 crisis, when this things happen, just take a look 1 weekly and 1 monthly chart with RSI and MACD and keep an eye on extreme levels. At any in the coming months we could see a trend reversal. There is no free meal here, and there's always an expiration date on commodities, don't stay there forever.
NYMEX:CL1!
by alvaromroo
3
is oil price gonna increase soon?Hi every one UKOIL UKOIL has formed an ascending triangle this means that the price can easily increase as much as the measured price movement(AB=CD)but only after the expected breakout happens! also on MACD we can see that the MACD line (blue line) is closing in to the signal line (red line) for crossing it upwardly which is also a bullish sign! we can expect a great increase in the price in the coming weeks! Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Thank you for seeing idea . Have a nice day and Good luck
TVC:UKOILLong
by CobraVanguard
8