BCOUSD trade ideas
Brent Crude Oil _ 1HIf the range of 83.5 units is broken downwards and the price stabilizes below it, the price may fall to the range of 82.7 units, and in case of strength, the range of 81.6 units
Otherwise, the possibility of price increase up to the range of 86.0 units
Bullish Oiloil at the retest of the broken bearish trend line , expecting to start a bullish trend if the area of 81 -80 not broken
SasanSeifi 💁♂️Brent 👉1D🔼 90 / 94 Hey there! 😊
On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone. If it keeps climbing, we'll want to keep an eye on how it interacts with those resistance spots. Let's see where it goes from here! 🚀
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
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Brent OIL - 200dmaBrent oil price has returned to the 200day moving average and a previous support zone.
Wedge breakdown TP1 is 81.60
MACD crossover signaled the loss of momentum + double top.
RSI is approaching oversold.
The **200-day moving average** is a technical indicator used to analyze long-term trends. It's a line that represents the average closing price for the last 200 days. If the price is consistently above the 200-day moving average, it's an upward trend. If it's below, it's a downtrend. The 200-day moving average can also be used to identify key levels in the market. When shorter-term moving averages cross the 200-day moving average, it can signal changes in the trend.
$UKOIL could revisit $105 by early 2024Hi guys! 👋🏻
🔔 Brent Crude may revisit $105 based on this weekly chart, on a longer term, we might see the price of the oil to rise to $170.
🔔 The US is easening the access to the market for Iran, whereas Iran reported that it will increase its production to fulfill the market's demand.
🔔 On the other side, OPEC will take necessary measures to keep the price higher by either cutting the production or negotiating with Iran on global oil production quota.
🔔 Iran's access to the global market won't intie Iran's hands on producing and selling oil at its will, as the state is also a long-time member of the Cartel.
✊🏻 Good luck with your trades! ✊🏻
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Oil Brent - H4Oil Brent
You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward.
The nearest target is at 87.50
What can you expect now?
You can consider entering from current price levels, but reduce the risks . When opening a position, it is best to exit the position from the level of 91.50, if this scenario does not materialize. You should be careful, as this is a correctional formation.
Targets 89.15 - 88.20 - 87.50
UKOIL - Heading down price broke below support zone now currently retracing back to support now become resistance level. on 4H timeframe price is rejecting the 9 EMA and 20 EMA acting as a resistance.
UKOIL Wave AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #UKOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The Oil "belong to" UK finally reached 96.80 +/-. 2/Oct/23UK Brent Crude Oil finally reached 96.80 +/- as posted idea on 23/Feb/23. What Next to the "mother of all inflation"?
Newbie looking at possible rising patternLooks to me on the daily that there is possible movement to the upside. Demand has also increased due to a fear of lack of supply. Im Long for the time being.
DeGRAM | UKOIL in consolidationUKOIL dropped from the resistance. The market is in consolidation.
Price is trading in the ascending channel and creating a bullish harmonic pattern.
We anticipate a pullback from the support at 91.00 and a bullish move or continuation of consolidation.
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UKOIL - rebounce on support ?oil has been ranging for the past 2 weeks and we can anticipate that price may rebounce from support zone 91.00 area
Strifor || UKOIL-09/29/2023Preferred direction: SELL
Comment: The bearish sentiment for oil still continues. We remind you that our last short trading idea worked 100%. Now the seller’s task is to break through the support zone around level 92. Most likely this will happen in the very near future. The more global target of this sale is, of course, the level of 90.72.
Thank you for like and share your views!
OIL Swing Trade Taking a little stab at Oil for the first time.
This kind of clean price action is really hard to ignore and not get involdved in.
Potential big sell off on the cards if the market resistance level holds.
Best of luck on the charts
UKOIL PRICE ACTIONFollowing the Strong Bullish presensce of UKOIL and commodities in general, it is quite obvious that the price of oil can still rally and it have also shown signs that it is still bullish
Price hits the Bullish Ordeblock on the daily timeframe just before taking out the sellside Liquidity and then breaks to the upside on the daily timeframe
Price is currently on the 4hr FVG, I want to see price to rally from the FVG and then target the Buyside Liquidity
Brent - H4\D1Brent crude oil
The channel is closed and consolidated, which allows us to expect a continuation of the upward movement towards the target of 96.14 (discussed in the previous analysis).
What can you expect now?
You can consider an entry from a breakdown of the level of 93.27.
In the case of a local movement, we can also expect a correction to the levels 92.17 – 91.83 and the opening of a position. When opening a position, it is best to exit the level of 90.23 if this script is not implemented.
Targets 93.84 – 95.04 – 96.14
Oil Adoption ChannelPrice is consequence of demand. Demand is consequence of adoption. As more countries transit into industrialize countries, the demand for oil will increase at higher pace than the transition to other energies which requires an infrastructure which countries on transition to industrialize do not have
Brent - release from support.Brent oil is stuck in a narrow corridor, but there is also money to be made here. It looks like the quotes are now moving away from the support level. If the rebound takes place, we will take profits around level 94.
Brent Oil (Short Term)BRENT OIL
After the strong pullback from 83.53 till reached 95.84 Now can reversed to do a retest till 90.77
So, from 92.91 will drop to 90.77 and then should break it to be bearish trend till 88.16
While trading above 90.77 it has a bullish trend till 94.79
For any reason stabilizing under 90.77 will support falling to 88.20
Pivot Pivot: 92.90
Resistance Price: 94.79 & 96.63
support price: 90.77 & 88.20
Brent oil will move between 92.91 and 90.77
last idea:
BRENTThis is my opinion with technical analysis
Please respect the following rules:
1- Risk management .
2. Have your own strategy.
