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Crude Oil Brent

ukoil 8 hour short from resistance tp 72/74 usd🔸Hey guys, today let's review the 8 hour chart for UK oil . Any upside is limited by strong overhead resistances, currently weak bounce in progress, however most likely bears will take over from overhead. 🔸Strong resistances will cap upside at 84.00 usd / 86.00 usd. right now locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event. 🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 84.00 and 86.00 SL fixes at 88.00 usd, TP1 bears is 76 usd TP2 bears is 72 usd. swing trade setup, patience required. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILShort
by ProjectSyndicate
3
gbpusd 2700/2720 short tp bears 2500🔸Hello traders, let's review the 4hour chart for GBPUSD today. Nice pump off the lows recently, however upside capped/limited by heavy overhead resistance near 2700/2720. 🔸Downtrend defined by a sequence of lower highs, 2760, 2740, 2720 in progress, right now I recommend to focus on shorting any rips/rallies towards heavy resistance. 🔸Recommended strategy for GBPUSD bears: short sell rips/rallies near resistance 2700/2720 stop loss fixed 40 pips TP1 + 100 pips TP2 +2000 pips final TP exit at 2500. swing trade setup, time required to hit both targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
1
UKOIL OUTLOOKUKOIL FEB WEEK 5 OUTLOOKG - Daily - I am still long bias on oil. if it does pullback, I will not get involved in shorts this week. I will see how it plays out. significant zones to look for absorption are 80.10 - 79.43 78.63 - 77.48 Origin -looking weak here too. if price fails to hold above 80.87 - 80.77 here, next level of support comes down to 78.54 - 79.26. but if for some reason oil does pull up from here and is able to hold the zone 82.98 - 82.66 (low probability) then I will look to enter quick long entries.
TVC:UKOIL
by Osiris992
usoil h4 xabcd short from resistance target 68 usd🔸Today let's review the 8 hour chart for US oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought, we are closing in on a cluster of stop losses / heavy overhead resistance. 🔸XABCD structure is defined by point X at 70 usd, point A at 78 usd, point B at 72 usd, point C at 79 usd, point D at 68 usd. speculative XABCD setup. 🔸Recommended strategy for BEARS: bulls will likely trigger clusters of overhead stop losses near 78 usd and 79 usd, look for reversal / rejection near 79 usd and short sell, SL at 82 usd, TP1 is 72 usd, TP2 / final exit at point D / 68 usd. swing trader setup, patience required. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILShort
by ProjectSyndicate
7
USOIL daily best level to buy/hold 24% upside🔸Today let's review the daily chart for crude oil . Recently price action contained within well-defined range trading zone. therefore it's recommended to focus on buying low near range lows. 🔸Strong horizontal support at 67 usd is a great entry point for a swing trade setup for the bulls, short-term expecting more losses, however downside will be capped by the strong S/R zone. Bulls should focus on buying low later, once the pullback is complete near 67 usd. 🔸Overhead resistance set at 81/82 usd, defined by strong horizontal S/R zone previously confirmed with numerous backtests. Therefore, recommended strategy for the bulls: buy low near 67 USD TP 1 is 75 USD TP2 is 80 USD final TP/exit at 82 usd, this is +23% gains (unleveraged). obviously, buy/hold swing trade setup, patience is required and will take more time to hit tp. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:USOILLong
by ProjectSyndicate
12
Investing into Uranium-Backed Producers. Technical perspectivesUranium ore trades is at records highs, as several hedge fund managers are expanding their allocations to uranium stocks, with a conviction that an increasing embrace of nuclear energy as part of a "green" future - along with geopolitically-rooted ambitions to reduce dependence on Russian oil and gas -- means the trend has a lot of room to run. On Wednesday, November 1, French President Emmanuel Macron arrived in uranium-rich Kazakhstan on the first leg of a trip to Central Asia. According to a study by the World Nuclear Association (WNA,) published in August this year, Kazakhstan possesses 12 percent of the world's uranium resources and in 2021 produced about 21,800 tons. In 2009 it became the world's leading uranium producer, with almost 28 percent of world production. In 2019, the country produced a staggering 43 percent of the world's uranium. A dozen years after the disaster at Japan's Fukashima reactor put nuclear energy on worldwide probation -- and in, Germany, gave it a death sentence -- various factors are combining to bring it back into the acceptable realm of energy solutions. UXC URANIUM U3O8 Futures Price, over the past 5 years. First reason, the International Energy Agency says that, in order to meet "net zero" goals -- which describes a state where carbon emitted into the atmosphere matches the amount removed from it - global nuclear generation capacity must double from 2020 levels by 2050. In addition to nuclear energy coming to the fore as a zero-carbon-emitting power source, it's also seen as a way for the western economies to reduce their need for Russian oil and gas. The fact that Russia currently accounts for about 8% of the world's uranium reserves underscores the need to develop new supply sources. There's also an increasing appetite for nuclear power in Asia and Africa. Taken together, the uranium-friendly trends could power significant gains in the sector. Uranium equities could see dramatic upside -- 50%, 100%, possibly MultiX more. The main graph represents technical perspectives for AMEX:URA - The Global X Uranium ETF that provides investors access to a broad range of companies involved in uranium mining and the production of nuclear components, including those in extraction, refining, exploration, or manufacturing of equipment for the uranium and nuclear industries. The Global X Uranium ETF is 35.66% year-to-date return in this time, that is much stronger against top 4 American well-known indices i.e. S&P500 Index SP:SPX (11.95% YTD), Nasdaq-100 Index NASDAQ:NDX (35.22% YTD), Russell 2000 Index TVC:RUT (-3.38% YTD) , and Dow Jones Industrial Average DJ:DJI (1.94% YTD). Top 5 Holdings of AMEX:URA - The Global X Uranium ETF (as of November 1, 2023) # Weight Name 1. 23.80% TSX:CCO - CAMECO CORP 2. 11.25% TSX:U.U - SPROTT PHYSICAL 3. 6.77% LSIN:KAP - NAC KAZATOMPROM-DR 4. 6.45% NYSE:NXE - NEXGEN ENERGY LTD 5. 5.41% AMEX:UEC - URANIUM ENERGY CORP 👉 The main graph says, there're alternative technical perspectives for AMEX:URA - The Global X Uranium ETF in this time, where the major break out of multi year highs can open the door to further huge, MultiX upside price action under well-knoww Technical figure "Cup-and-Handle". 👉 Vice versa, if resistance is still strong, it can bring the graph to its main 5yrs SMA support.
AMEX:URA
by Pandorra
Geopolitical tensions are starting to weigh on oil pricesThe United States’ decision to conduct airstrikes earlier this week against targets in Somalia and Yemen provoked more aggression from Houthi rebels, who engaged in multiple new attacks against commercial vessels in the Red Sea and the Gulf of Aden. Following that, Yemen’s rebels claimed a successful hit to the U.S. military ship, which the United States quickly denied. Despite months of ongoing attacks on ships passing through the strait, there have not been any reports of casualties. However, the odds of a fatal tragedy are growing together with the increasing intensity of Houthi’s attacks. Such an event would likely elevate tensions to a new level and put significant pressure on the United States government to act. In the scope of this worsening crisis, the odds of higher oil prices are climbing. On the technical side, some developments suggest oil might be prime for a run higher as well; the MACD crossed into bullish territory on the daily graph, and RSI and Stochastic continue to build bullish structures. Nonetheless, one thing to note is that the ADX is still relatively low, hinting the trend is very weak. Therefore, it might be proper to wait and see whether the USOIL manages to close above $76.14 for at least two consecutive days before committing to a bullish outlook. Illustration 1.01 The image above shows the MACD breaking above the midpoint on the daily time frame. Illustration 1.02 Illustration 1.02 displays the daily chart of the USOIL and simple support/resistance levels derived from peaks and troughs. An important level to watch is support at $76.14. If the USOIL manages to make another two consecutive closes above this level, it will bolster the bullish odds. Technical analysis Daily time frame = Bullish Weekly time frame = Neutral 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 be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
TVC:USOILLong
by Tradersweekly
2
WITH BULLISH STRUCTURE ESTABLISHED, BRENT OIL TO RISE ABOVE $90Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market. N.B! - UKOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast. - Let emotions and sentiments work for you - ALWAYS Use Proper Risk Management In Your Trades #usoil #crudeoil #wti #brentoil
TVC:UKOILLong
by BullBearMkt
The Red Sea tensions - all you need to knowThe West Texas Intermediate crude oil has trended mostly sideways for over a month, moving between $68 and $75 per barrel. Yet, while the situation in the Middle East and the Red Sea continues to deteriorate, the oil market keeps growing increasingly ignorant of the dangers of a broader war in the region that could further disrupt the transit of goods and oil through (other) important shipping chokepoints and impact the oil supply (remember, the Middle East region accounts for about one-third of global oil supply). To put into perspective how bad the situation in the Red Sea has become (following the start of the Israel-Hamas War), here are a few numbers: the number of cargo ships and oil tankers transiting through the Bab el-Mandev Strait fell by approximately 50%, and the volume of the cargo (measured in metric tons) dropped by about 67% between 7th October 2023 and last Friday (with most of the decline starting in mid-December 2023 after major shipping like companies halted transit through the Red Sea). In addition to that, since the start of the year (until last Friday), the United Kingdom Maritime Trade Operation reported thirty-five instances of either attack, hijacking, incident, or suspicious approach in the area. Furthermore, about a week and a half ago, the United States and the United Kingdom finally decided to take more aggressive steps against Houthi’s harassment, launching airstrikes on their positions in Yemen. In response to that, the rebels vowed to continue fighting the United States and Israel (and their allies), executing multiple new attacks on commercial and military vessels in the regional waters (the terrorist group also announced a safe passage for Russian and Chinese ships). In essence, Houthi’s attacks against the United States Navy equal a declaration of war, something the United States is trying to deny as it attempts to avoid an all-out war with Houthis and other proxies of Iran (and potentially Iran itself; do not forget this is a highly political question for the United States as it would mean higher prices of oil and a likely return of rising inflation). Nevertheless, with Israel’s administration being opposed to stopping its campaign against Hamas in Gaza, it is improbable there will be any relief from Houthi’s attacks anytime soon. In fact, a lack of diplomatic efforts to end the Israel-Hamas War and to resolve the Red Sea crisis keeps increasing the risk of new parties entering the conflict and letting the war spiral out of control. As this has tremendous implications for the oil market (with the broader war being a highly bullish catalyst for the oil price), monitoring the situation in the Red Sea remains a high priority. However, as this scenario still remains only a speculation, our price target of $65 per barrel remains unaffected (at least for now); in the short term, though, we expect the USOIL to continue oscillating between $68 and $75 (and perhaps even breaking temporarily above this range). Illustration 1.01 Illustration 1.01 displays the daily chart of the USOIL. Yellow arrows indicate significant events in the Middle East. It can be observed that oil rose only slightly in response to the eruption of the Israel-Hamas War on 7th October 2023, and then quickly reversed the direction. Once Houthi rebels began to ramp up their attacks on commercial and military ships in November 2023, oil ticked higher only a bit and then resumed a decline (it is important to note that Houthis were causing problems in the region already before the war). Then, in mid-December 2023, major shipping companies started to halt the transit of their ships through the region. Since then, the USOIL has trended mostly sideways (despite tensions continuing to rise). Technical analysis Daily time frame = Neutral Weekly time frame = Neutral 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 be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
2
Brent D1 swing trade bulls 35% buy/hold setup🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended strategy for BULLS: buy/hold near market, or buy dips near point C, TP bulls is point D at 105.30, 35% gains potential (unleveraged). swing trade setup, patience required. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
1
⚡️Strifor || BRENT-18/01/2024Preferred direction: SELL Comment: Sell-deal by oil is also relevant. Recent events in the OPEC arena did not have a positive impact on oil, and the decline continued. At the moment, the transaction has been moved to breakeven, and part of the profit has been fixed. However, on Thursday, there is a good opportunity to take a closer look at short-term short. The main trigger for this will be the continued formation of balance. The target for the fall of such a short-term deal coincides with the medium-term deal at the level of 72.36 . It should be noted that the instrument continues to trade near the minimum of last year, which is very dangerous for buyers since today, most likely, the long-term trend will be directed exactly below this threshold of last year. Thank you for like and share your views!
TVC:UKOILShort
by Viktor_strifor_analyst
1
USOIL is gettick stuck between $68 and $75Geopolitics in the Red Sea Tensions in the Red Sea continue to rise, with Iran issuing yet another warning to the U.S. and its allies before expanding the war in the rich-oil-producing region. The warning follows the deployment of an Iranian warship in the Red Sea after the withdrawal of the USS Gerald R. Ford supercarrier from the waters earlier this month. In addition to that, it follows an increasing number of attacks from Houthi rebels on commercial and military ships sailing through this popular trade route, which caused major shipping companies to reroute their ships around the Cape of Good Hope, adding additional cost and time to the shipping. To make things worse, in the past few days, there were multiple reports of attacks from Somalian vessels on commercial ships in other parts of the Middle East. Furthermore, there were reports of over 100 attacks on the U.S. forces in Syria and Iraq since mid-October 2023. To sum up these developments, the situation in the region is deteriorating at a fast pace, and the potential eruption of a broader conflict continues to pose a significant threat to falling oil prices. Technical analysis Since the start of the year, the USOIL has been mainly trending sideways. The loss of bearish momentum is reflected in a low value of ADX and flattening of RSI, Stochastic, and MACD on the daily chart; the flattening can also be observed on the weekly chart. As a result, we expect the USOIL to keep oscillating between $68 and $75 in the very short term. However, our price target of $65 per barrel stays unchanged. Illustration 1.01 Illustration 1.01 shows the daily chart of USOIL and simple support/resistance levels derived from peaks and troughs. Technical analysis Daily time frame = Neutral Weekly time frame = Bearish (turning neutral) 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 be a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
TVC:USOIL
by Tradersweekly
2