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BCOUSD
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Brent Crude Oil

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BCOUSD trade ideas

Brent The price of Brent crude oil is close to the local support level. Which is clearly expressed on the chart at $71. Also on the chart you can see the trend resistance level, which presses the price to the horizontal support level. In the near future, a breakdown of the structure may occur, which could potentially push the price above $80. This may be affected by the geopolitical situation in Russia. Which is the leader of OPEC +

Long

by TradingForProfitPro

UKOIL This is an update from the last time we took a trade on oil. Our approach was wrong, impatient and too easy, this time we have gone in with refinement and it has paid off. - Pressure from the demand was very high - retest of sensitive area - break down of strength - impulsive candle This is to show that every time you refine your strategy you add to the skill so stay working on it and making it better, it is YOURS so only you can put in the work.

Short

by Mhangwane1

ukoil 1 hour chart distribution tp 65 usd / bbl 🔸Today let's review the 1 hour chart for brent oil . Previously strong downtrend in progress entire 2023 so outlook remains bearish until we can daily close above 80 usd. 🔸OPEC production cuts have low impact on prices recently due to lower global demand. Technically, we are in a distribution pattern setup since May 2023 and expecting breakdown and new/fresh lows soon for Brent. 🔸Recommended strategy for crude oil traders: short-sell near market / short-sell rips and rallies, limited upside and final TP bears is 65 USD. once we get a valid breakdown of the structure expecting losses to accelerate in this market. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.

Short

by ProjectSyndicate

1818

CRUDE OIL what i see expect ending diagonal ongoing . #justprediction

by EW-LsP

UKOIL SHORTS With our entries at 74.34 I am expecting that price may drop to 27.65 before the bulls can take some form of control over the market consolidation is about to be broken

Short

by markd4199

Brent update Brent is moving in a falling wedge, in my view next support level will be 68$ lower wedge trendline where bullish reversal could start to target 104$ if the wedge will be broken

by mpd

Updated

OIL to $790 in 2029 Hi to everyone. Maybe that's the most useful inside for all of you. Oil is going to outperform all the other commodities in the next 6 years. Why? The reason I do not know exactly, but the rise of oil to $790 is undoubtful, technically. Good luck in trades, buddy.

Long

by maximleanke

UKOIL 🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣 Like I said that was just for my notes and to learn, therefore back to the drawing board and more refining of the strategy before we come back. Clearly the consolidation we saw was not a break of structure but rest before continuation.

by Mhangwane1

UKOIL Big risk and I do not advise it. This is something I have been watching from a distance for months, so no I want to try what I have been figuring out with OIL. I'm only posting because I need it for records and learning material for myself in-case this goes sideways, even when you look the RR is very bad but this is how far my strategy for oil has brought me.

Long

by Mhangwane1

UKOIL(BRENT)-06/19/2023 Preferred direction: BUY Comment: Closing the price above the local resistance 76.30 creates a potential movement for buyers towards 77.39. This will be another major buying hurdle as it is medium term resistance. Given the context of the price movement towards this resistance, there is a very high probability of a breakout to the upside. Perhaps this will not be the biggest upward impulse, however, the approach to the round value of 80 will most likely be provided. Thank you for like and share your views!

Long

by Viktor_strifor_analyst

Updated

UKOIL This is my opinion with technical analysis Please respect the following rules: 1- Risk management . 2. Have your own strategy.

by sarwar_hassan

DeGRAM | UKOIL potential double top at the resistance level UKOIL was rejected at resistance at 77.00 before. The price is printing potential for a double-top. The oil market is consolidating on the 4H chart. We anticipate further consolidation and a bounce off the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!

Short

by DeGRAM

OIL_BRENT- long If the retest holds and the price bounces off the former resistance level, I may consider this as an opportunity to go long (buy) with the expectation that the price will continue to rise. However, it's essential to combine price action analysis with other technical indicators or fundamental analysis to increase the probability of making successful trading decisions.

Long

by tlamelompatane94

BRENT OIL (It looks up)BRENT OIL the movement will be positive for today stabilizing above 75.40 is bullish to get 77.18 and already above 75.40 stabilizing under 75.40 will be bearish to get 74.25 and 72.90 pivot price: 75.40 resistance price: 77.18 & 77.81 & 79.98 support price: 74.25 & 72.90 & 73.40 Brent oil will move between 75.40 and 77.18 tendency: Uptrend

Long

by SroshMayi

Oil (Brent Crude) / Gold (1w, Heikin-Ashi) - little macroeconomy Dear Everyone, Now little macroeconomy. We have almost exact 1 year, when Brent Crude Oil peaked in relation to Gold. That in my oppinion suggest as main source of inflation was the cost of energy, not the money supply. With best regards, Paweł

by PawelHodurek

A notable sign of decline There are no signs of strengthening. Oil, 5D chart. To go higher it was necessary to break above $75 now and consolidate. But no. $65.8 will be reached before the beginning of autumn. We also have a range of $65-50, but it is too early to talk about it.

Short

by averkie_skila

Some ideas for OIL On HTF the price came to one of the strongest support levels, I expect continuation of the uptrend after some consolidation.

Long

by vazitrades

#Oil Bearish Trend Continues #BlackGold Price is trading below resistance. When green support breaks 60s are expected.

Short

by GreatMinds

CRUDE OIL 6 Month later if fix up to 81$, i promise it decrease under 79$ even downest

by shahabshafayyan2020

Brent Oil - D1 / Buy or Sell ?Which way will you choose? Buy? Or sell? Tell me your opinion in the comment section below.

by Sina_izadi

Hi, I see A very good Swing trade opportunity Hi, I see A very good Swing trade opportunity Risk to reward is very convenient Good luck Every one

Long

by AlQasim_Analysis

Updated

UKOIL This is my opinion with technical analysis Please respect the following rules: 1- Risk management . 2. Have your own strategy.

by sarwar_hassan

Upside in oil Oil short is always a bluff. Why? Because those who play downside are always underdogs in the big scheme.

Long

by UnknownUnicorn462803

Updated

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