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DeGRAM | UKOIL continuation of trend at weekly lowUKOIL is trading in the descending channel. Even though the market is bullish on the daily chart. The market printed the pinbar at strong resistance.  The market is making a pullback on the larger scale of the bullish trend. We anticipate buying opportunity at completion of the AB=CD pattern at 91.00, which is a previously weekly low. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILLong
by DeGRAM
8
Brent pullbackBuy, buy, and buy... But make it risk free when in profit... ----- About the analyst: Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperation as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen. Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom their's usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements... But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omitted about him, by Iranian organizations... And he can leave the country... He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British Columbia.
TVC:UKOILLong
by GeraldMann
Brent above @$100 might not be a myth !Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking levels of $126 are also on the charts as the commodity is breaking out of a Declining wedge pattern which was in formation from Jul 2022 to Jul 2023 a strong supply side pressure will be giving the commodity due advantage to rise above $100 to $125.65 as we can see.
TVC:UKOILLong
by chandakpulkit
Strifor || UKOIL-09/15/2023Preferred direction: BUY Comment: Oil continues its steady strengthening, and the medium-term outlook for instruments is positive. However, now, most likely, the price will go for a correction, and it is expected that the instrument will reach level 92, where the balance for pushing is located. In addition, there is a small probability that the price will reach the level of 90.72, from where the price recently recorded the maximum of the current year on impulse. Thank you for like and share your views!
TVC:UKOILLong
by Strifor
10
Brent Crude Oil [Update]My comment last night via my research note, Tuesday 12-Sep-2023, 20h59 Brent Crude Oil. We have seen a significant move over the past 9 weeks, with Brent higher from $75 to $92. The short term trend is strong with the commodity recently having cleared resistance of a 9-month base. While the trend is up, traders should are alerted to the momentum indicators which may indicate the price nearing overbought conditions, with the 7-day RSI at 80 and the 14-day RSI at 73. In the short term, the buy/long side reward-to-risk is becoming less appealing vs prior weeks. (The insert highlights my view on 03 July which was also accompanied by several energy ETFs. Since then, the energy sector has outperformed each of the other 10 major sectors in the S&P). For more research insights, including trade ideas, get in touch with me today.
TVC:UKOIL
by techpers
Brent, Technical AnalysisThe uptrend for Brent (UKOIL) remains clearly active for the moment although consolidation in the next few days seems favourable. ATR is very low around $1.65 and hasn’t picked up from summer’s lull, while the slow stochastic at 91 is in the zone of buying saturation. The upper band of Bollinger Bands (50, 0, 2) might continue to function as a dynamic resistance into next week. For a new buyer here, finding an entry might be challenging because it’s not clear when a significant retracement might occur or what its extent might be. The 161.8% monthly Fibonacci extension based on 2020’s crash seems to have been broken for now, but waiting for the moving averages to catch up would traditionally be seen as sensible. Buy limits might be an option around the penultimate high slightly above $87. However, American inflation coming up on Wednesday 13 September at 12.30 GMT is a key release for how it’s likely to drive the dollar. Equally, traders will analyse the IEA’s monthly oil market report due the same day at 8.00 GMT. Finally next week among major releases there’s Chinese industrial production for August early on Friday 15 September at 2.00 GMT. If that misses the consensus of 4%, there might be some downward pressure and possible opportunities to sell in the short term or find a place to buy looking further ahead. One should also remember the possibility of a gap over the weekend and check regular stock data from the USA.
TVC:UKOIL
by Exness_Official
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
TVC:UKOILLong
by ForexPlanet20