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BCOUSD trade ideas

UK-BRENT-OIL 4H OUTLOOKGoldman Sachs: reduces its forecast for oil prices in December 2023 from $95 to $86 for the following reasons: 1- Increasing oil supplies from Russia, Iran, and Venezuela. 2- The fear and anxiety of the world about recession and economic stagnation. 3- Continuing and insisting on raising interest. BRENT OIL the movement will be positive as long as the trade is above 77.18 for today to get 79.90 gradually but stabilizing under 77.81 then will start the bearish to get 75.50 pivot price: 77.81 resistance price: 79.98 & 81.00 & 83.00 support price: 76..40 & 75.40 & 74.81 Brent oil will move between 77.81 and 79.95 tendency bullish
TVC:UKOILLong
by SroshMayi
1
Results of the OPEC+ MeetingThe OPEC+ meeting was held this week. CNBC reports the words of its head, Haitham al-Ghais, here’s a brief summary: → the organization (which currently consists of 13 countries) is looking for new members; → the macroeconomic situation is unclear due to the banking crisis, high inflation, the possibility of a recession and new outbreaks of COVID; → nevertheless, the organization is positive about the demand for oil in the second half of 2023. Judging by the fact that no sharp statements were made, OPEC members are satisfied with the current situation. The oil price chart shows that the level of 72.25 in June confirmed its support for the market. It may be based on the decisions of OPEC to reduce production volumes when prices fall to these levels. It can be stated that the market has been in the consolidation stage for 2 months already. But with strong support from OPEC, the bulls may try to break through the current resistance level (1). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
UKOIL(BRENT)-07/05/2023Preferred direction: BUY Comment: The long idea for oil has been working out very well and after completing the planned path earlier, the level of 77.39 opens for the buyer. A rather difficult obstacle for the buyer, because if not for it, then the price could rise above 78 from the current ones on the impulse. Therefore, in the near future, an approach to 77.39 is expected, then consolidation (most likely) and after a rise above 78. Thank you for like and share your views!
TVC:UKOILLong
by Viktor_strifor_analyst
3
Brent to stall at trend of lower highs?Brent - 24h expiry Daily signals are bearish. Trend line resistance is located at 76.60. 50 1day EMA is at 76.35. We look for a temporary move higher. Preferred trade is to sell into rallies. We look to Sell at 76.39 (stop at 77.39) Our profit targets will be 73.89 and 73.39 Resistance: 75.90 / 76.40 / 77.34 Support: 75.20 / 74.80 / 74.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:BCOUSDShort
by OANDA
DeGRAM | UKOIL bearish pressureUKOIL has been making lower highs and equal lows, indicating bearish pressure. Price is testing the resistance at 76.00, the fibo, and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a pullback. The market has dropped from this level before. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
TVC:UKOILShort
by DeGRAM
11
Will Brent find buyers at crucial support once again?Brent - 24h expiry A level of 72 continues to hold back the bears. Daily momentum has stalled and our bias is now neutral. Expect trading to remain mixed and volatile. We look to buy dips. The hourly chart technicals suggest further downside before the uptrend returns. We look to Buy at 72.13 (stop at 71.13) Our profit targets will be 74.63 and 75.13 Resistance: 73.30 / 74.00 / 75.00 Support: 72.40 / 72.00 / 71.62 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:BCOUSDLong
by OANDA