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Ukoil_usoil

BRENT - Important levels before US Oil Stocks announcementGlobal markets started this week following new tarriffs and statements between US and China. President Trump wants to decrease import of goods from China and also mentioned that US should undertake necessary steps to replace Chinese products. At G7 summit Trump pointed out that new economic and trading partnership with EU will be put on place. Also President Trump made a giant statement that he is ready to negotiate and meet with Iran's President Mr. Hasan Ruhani. These news, although sounds speculative but resulted markets inpredictable movements and uncertanity in Asian markets. UKOIL prices following a downtrend recently tested the psychologic resistance of 60USD. Tomorrow at the US Crude Oil Stocls announcements we are expecting a dropdown of crude oil stocks to 2.133M. This could support the trend reversal of the UKOIL prices and pump the price upwards. For short-term we can surely say that the price will test 60.27 and 61.00 resistnaces. Following resistances are 63.00 and 64.15. Brent in general is in a downtrend since the beginning of the year, we do not expect the price to be above 65.00 which is a very strong resistance, and sellers will do anything to bring the price down from there. Let's follow the price to test 58.35 and 57.60 supports and move towards 61.00. Support 1 :58.35 Support 2 : 57.60 Support 3 : 56.20 Resistance 1: 64.15 Resistance 2: 63.00 Resistance 3: 60.27 For other analyses (fundamental or analyses based on news and global reports) follow trend analysis rules Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
TVC:UKOIL
by UnknownUnicorn3931771
OIL pattern is so good to see a long As per the longbuylongsellindicator it is very clear that price of the OIL will move further up from here .In the coming this will make good move in the upside. Remember : The LBLS indicator analysis is one of the easiest methods to recognize the price moves and usually quite reliable. MONEY MANAGEMENT is the secret to make money and create wealth over a period of time. Every drop count makes ocean ,Every right choice you make creates a Rich. Remember for right entry point Remember for Stop Loss Remember for partial take profit Remember for closing the remaining profit The Main Script behind the Analysis: Follow ,Appreciate ,Like if you agree ! Related Script Links Below .
TVC:USOILLong
by MarxBabu
BRENT.CMD/USD 4H Chart: Likely to hit $70 markThe BRENT.CMD/USD pair has been trading in a medium-term ascending channel pattern since the end of December 2018. The pair re-tested the lower boundary of the channel pattern at 66.50 during last week’s trading session. As for the near future, it is likely that the Brent crude oil prices will continue to appreciate and potentially hits the $70 mark before the end of March trading session. Moreover, the three simple moving averages are below the price level, and technical indicators suggest that bullish traders could push the commodity prices further north.
TVC:UKOILLong
by UnknownUnicorn890690