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Crude Oil Brent

UKOIL (Brent Crude Oil) : 1Mn (Update)Last Analysis : Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can break this resistance after 3 years and pave its way to climb or not. Now : The Next Targets are 101$ , 116$ & 128$ This analysis is a check of the chart in a monthly time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 18.Oct.2021 ⚠️(DYOR)
TVC:UKOILLong
by ArmanShabanTrading
USOIL (WTI Crude Oil) : 1Month (Update)Last Analysis : Well, as we see in the monthly time frame of the US Crude Oil Chart, the price in February finally broke its 13-year downward trend ... After that, it continued to grow well and reached its static resistance level in July 2021, and It failed to defeat it and then rebounded to its broken support level in August. Last month, the price reached to the psychologically and Impostant resistance level which is 77$ ... we have to see if the price can finally break this important 3-year resistance in October or what ... Now : The Next Targets are 100$ , 110$ & 114$ This analysis is a check of the chart in a monthly time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 18.Oct.2021 ⚠️(DYOR)
TVC:USOILLong
by ArmanShabanTrading
⭐️GOLD: forecast for Oct 18 - Oct 22➡️ GOLD prices managed to rise this week, and by the end of the five-day period the troy ounce was about $1782 , although it was testing $1801 during the week. GOLD gained 1.6% in five trading days. Friday's decline was driven by a recovery in US bond yields, although the weak dollar helped the precious metal show its best weekly performance since late August. The strengthening of GOLD's position was facilitated by the weakening of the dollar. After the release of US inflation statistics for September, where the indicator rose to record peaks, investors became worried about inflationary risks. The rally in the yield of US government bonds stopped, which immediately left the dollar without support. Additionally, GOLD was favored by the pinpoint interest of the market in safe assets. The US dollar is expected to continue to retreat in the coming week. In the short term, GOLD would move in the range of $1750-1800 , there is a good chance to step up to $1820 if the market manages to gain a foothold above $1800 . Thanks for your comments and likes 👍
OANDA:XAUUSDLong
by TradePlus-Fx
⭐️BTCUSD: forecast for Oct 18 - Oct 24➡️ BTCUSD is trading at 61000 . Technical analysis indicates a bullish trend for the instrument. As part of the Bitcoin exchange rate forecast, a rollback is expected and a test of the level of 57832 . No one excludes a price approach  to 55832 and even to 52966 (the latter is unlikely). In any case, it is better looking to BUY from these levels, and not regard it as a surrender of buyers. The purpose of this movement is the area near the level of ~ 65000 . Cancellation of the option to continue the growth of the Bitcoin exchange rate will be a breakdown of the area of ​​the level of 50000 (in general, this is the price area of ​​52966 - 50476 ). This will already indicate a change in the current trend in favor of the bearish for BTCUSD. And as you can see from history, under such circumstances, one should expect an accelerated fall in the cryptocurrency. Thanks for your comments and likes 👍
BITSTAMP:BTCUSDLong
by TradePlus-Fx
2
WTI: high prices would remainOn Tuesday, prices for WTI crude oil showed indecision. These dynamics indicate consolidation in the short term. However, a corrective decline should not be ruled out, as the asset is close to overbought levels. However, buyers' immediate target is the $ 82.00 mark. On Monday, JP Morgan analysts said that the average price of Brent crude will be $ 70- $ 80 in the 4th quarter of 2021 amid the ongoing recovery in global consumption. Continued supply chain disruptions represent an upward risk factor for this projection. Nevertheless, the OPEC + alliance has sufficient capacity to increase production, and it can do so if prices continue to rise. Oil prices are likely to remain high in the medium term. Proposed deal for this tool: Entry Point - 80.69 Stop Loss - 79.24 Take Profit - 82.14 Thanks for your comments and likes 👍
TVC:USOILLong
by TradePlus-Fx
Brent: forecast for Oct 11 - Oct 15Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its allies (OPEC +) on Monday to maintain the planned increase in oil production was prompted by fears that demand and prices could weaken. Their fears are not without reason. The current oil and gas trend indicates a likely decline in the near term. The almost vertical takeoff of gas and coal quotations, and more recently oil prices, can hardly be considered sustainable. Such market movements are more likely to end in decline than in further growth. With such sharp price surges as now, investors and traders should be prepared for verbal interventions by the buying and exporting countries. One of these statements was made by Iraqi oil minister (about a fair price for oil in the range of $ 75-80). In addition, it is very likely that the United States, China and India will try to stabilize the situation in their markets. Also, we must not forget about the daily pressure on oil from alternative energy. On the long-term horizon, the fall in demand looms more and more due to the energy transition. This is a strong incentive to ramp up oil and gas production now in order to invest revenues in the future. In general, prices are expected to roll back to the level of ~ $ 78.90 for the coming week.
SKILLING:XBRUSDShort
by TradePlus-Fx
1
BTCUSD: forecast for Oct 11 - Oct 17Bitcoin is trading at 54,000. At the moment, everything indicates the presence of a bullish trend for the instrument. As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of this movement is the level of 60,000. A small stop in the form of a resistance level is located at the level of 55832.57, and there is hardly any need to expect much resistance here. Cancellation of the option to continue the growth of the Bitcoin rate would be a complete breakdown of the support area 50.406 - 52.966, although consolidation in this area will not benefit buyers. In general, it is expected to rise to the level of 60,000 with small pullbacks down.
BITSTAMP:BTCUSDLong
by TradePlus-Fx
Brent: countertrend dealThe decision by OPEC and OPEC + on Monday to keep the plan for a gradual increase in oil production was prompted by fears that demand and prices could weaken. The group also considered the possibility of increasing production by 800,000 barrels per day, which is almost 1% of global production, ahead of Monday's meeting. Now the OPEC countries are more cautious, because any hasty decision could lead to a sharp drop in oil prices. In the medium term, the instrument will be on the rise. Today is rich in news. Taking into account this fact, as well as the strong upward movement in oil, no one canceled short-term sales for the instrument. Proposed deal for this tool: Entry Point - 82.85 Stop Loss - 83.80 Take Profit - 82.08
SKILLING:XBRUSDShort
by TradePlus-Fx
Crude Oil (WTI): Key Levels to Watch 🛢️ Hey traders, Contemplating this bullish rally on WTI, here are the major key level to watch for pullbacks. 77.0 - is the structure resistance that went broken this week. Now it turned into a support 91.0 is a minor monthly/weekly resistance. The price may retrace from that. 107.0 - 115.0 is a major monthly resistance cluster. A strong bearish reaction will be expected from that. Be prepared for a bullish continuation. Try to catch it on an occasional pullback. ❤️Please, support this idea with like and comment!❤️
TVC:USOILLong
by VasilyTrader
24
USDCAD: in the trade balanceAnd so, the Canadian is also in anticipation of today's events during the American session. It is expected that the pair may sink at the moment, but it is unlikely to fall below 1.24911 (even more likely it would not reach and go up). The combination of technical and fundamental facts suggests that the instrument would move up in the medium term within the trade balance 1.24911 - 1.28962. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
5
Brent: dollar would force correctionThe oil is supported by reports that Saudi Arabia lowered its November export oil prices for Asia, the Mediterranean countries, Europe and the United States. Also, a positive factor for the oil market in recent days was the decision of the OPEC + states to maintain the previously adopted plan to increase oil production, despite the growth in demand amid a sharp rise in the cost of natural gas. In accordance with this plan, OPEC + countries will increase oil production in November by 400 thousand barrels per day. Meanwhile, data from the American Petroleum Institute (API) indicated an increase in US oil inventories by 951 thousand barrels for the week ended October 1, while analysts predicted an average rise of 4.127 million barrels. Further oil situation will directly depend on the dynamics of the US dollar. The oil itself, most likely, needs a correction, and if the dollar is not weak, this is possible. Proposed deal for this tool: Entry Point - 82.59 (SELL-Limit) Stop Loss - 83.45 Take Profit - 81.73
SKILLING:XBRUSDShort
by TradePlus-Fx
UKOIL facing bearish pressure, drop incoming!UKOIL is approaching the upper resistance of the ascending price channel in line with 1st resistance at 83.09 in line with Horizontal swing high and 78.6% Fibonacci extension. Price is likely to reverse off from 1st resistance at 83.09 in line with Horizontal swing high and 78.6% Fibonacci extension to take 1st support at 78.80 in line with 61.8% Fibonacci retracement and 100% Fibonacci extension level. Our bearish bias is further supported by how RSI is showing a negative bearish divergence. Otherwise price may bullish towards 2nd resistance at 85.04 in line with -27.2% Fibonacci retracement and 127.2% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:UKOILShort
by TradeGATEHub
Crude Oil Elliott Wave IdeaWorking in the oil & gas industry I've always wanted to plot an Elliott Wave idea with oil reaching $100, one that I felt was realistic and not pie in the sky...in my opinion oil is heading that direction now. The exact 0.382 retracement level from $44,05 to $33,79 at the end of 2020 leads me to believe that was the end of wave 2 and the next retracement will begin at the 1.618 level around $77 for wave 4, before wave 5 towards $100. I had a similar idea back when this move from $33 started () that this move could be wave 5 but its flown far beyond those levels and has me thinking this is wave 3 we are in now, and its not quite finished yet.
NYMEX:CL2!
by Joseph_King
4