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Brent Rises Today on Middle East Supply FearsToday, Brent crude oil prices rise on growing supply concerns in the Middle East, especially in Libya and Iraq. Brent futures for October delivery are up 0.5%, trading at $80.33 per barrel, while the November contract is up 0.4% at $79.16. The chart shows the current checkpoint (POC) around $83, with the RSI at 50.03%, signaling balance and possible moves towards the mid-range soon. The upward pressure on Brent is due to the significant reduction in production in Libya, where more than half of its capacity is out of service due to political conflicts, with losses of up to 1 million barrels per day. Iraq also plans to reduce its production after exceeding its OPEC+ quota. However, despite these rises, Brent is still on track to close August with its second consecutive monthly decline, affected by weak global demand, especially in China. It would not be strange to see the price stagger towards the current support zone of $71.47 if demand does not follow through heading into the fall. Ion Jauregui - Analyst ActivTrades. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:BRENTLong
by ActivTrades
Volume Profile Part 3: Pockets of Hot AirWelcome to the final part of our three-part series on Volume Profile Analysis. In the previous segments, we covered the essentials of Volume Profile and techniques for uncovering hidden market levels. In this final instalment, we’ll explore how to trade breakouts using the concept of pockets of hot air—areas where the market moves efficiently from one high-volume zone to another. The Concept of Pockets of Hot Air The idea behind pockets of hot air is rooted in market efficiency. An efficient market continually seeks equilibrium by moving price to levels with the highest trading activity. Essentially, the market will travel from one area of high participation to another, bypassing lower-volume regions where price acceptance is less established. Pockets of hot air refer to the price spaces between these high-volume zones where the market has not yet formed strong consensus. These areas can act as rapid transit zones where prices move quickly as the market transitions from one high-volume area to the next. By identifying and trading these transitions, traders can capitalise on swift price movements. Technique: Trading Breakouts Between High-Volume Zones Step 1: Map High-Volume Areas with the SVP HD Indicator • Apply the SVP HD Indicator: Start by applying the Session Volume Profile High Definition (SVP HD) indicator to an hourly candle chart. This indicator will help you identify high-volume areas by showing the concentration of trading activity within each trading session. • Identify High-Volume Zones: Observe where multiple Points of Control (POCs) cluster across various sessions. These clusters indicate areas with high trading volume and are your high-volume zones. Brent Crude with SVP HD Indicator Hourly Candle Chart Past performance is not a reliable indicator of future results Step 2: Look to Trade Breakouts Backed by Technical Catalysts • Remove SVP HD for Clarity: To focus on trading opportunities, remove the SVP HD indicator from your chart. This will help you better visualize price action and technical patterns without the clutter of volume data. • Identify Breakout Patterns: Look for technical patterns that signal a breakout, such as a symmetrical triangle in the example below. Brent Crude Hourly Candle Chart: Triangle Consolidation Pattern Within High Volume Zone Past performance is not a reliable indicator of future results Step 3: Trade the Breakout • Entry: Trade the Breakout: Enter your trade when the price breaks out of the pattern and moves towards the next high-volume zone. This approach leverages the market’s tendency to move efficiently between high-volume areas. • Set an Initial Stop Loss: For risk management, place an initial stop loss below the lows of the current high-volume zone. This protects your trade in case the market reverses before reaching the next high-volume zone. Brent Crude Hourly Candle Chart: Triangle Breakout Past performance is not a reliable indicator of future results Brent Crude Hourly Candle Chart: Target Hit Past performance is not a reliable indicator of future results Conclusion We hope our mini-series on Volume Profile Analysis has sparked new ideas and insights for your trading strategies. By focusing on the distribution of trading volume at different price levels, Volume Profile Analysis allows you to see beyond traditional price action, identifying hidden support and resistance levels that aren’t immediately obvious. Mapping high-volume zones using indicators like SVP HD and VRVP can help uncover key market areas where significant trading activity occurs. Understanding how markets move efficiently between these zones offers valuable breakout opportunities, especially when supported by technical catalysts. By incorporating these methods into your trading routine, you can improve your decision-making, anticipate market moves more accurately, and manage risk effectively. Thank you for joining us on this journey through Volume Profile Analysis—here’s to more informed and successful trading! Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:OIL_BRENT
by Capitalcom
Brent Crude Oil Bounces Off Key SupportBrent Crude Oil Bounces Off Key Support Analysing the oil market on the XBR/USD chart on 20 August, when Brent was trading around $77 per barrel, we: → Identified resistance around $81.60; → Noted that the price was approaching a key support level (shown by the yellow line), which has been in effect for several months; → Speculated that bears might attempt to break the August low. This attempt by the bears can be seen in the price drop to $75.55 on 22 August. However, the August low was not breached, as the yellow support line had an impact on the price—Brent crude oil reversed upwards (indicated by an arrow). As shown on the XBR/USD chart, Monday's trading opened with a bullish gap, and the price is near $79 per barrel. The price increase was supported by news of a potential escalation of conflict in the Middle East. According to Reuters: → On Sunday evening, Israel issued new evacuation orders for the central part of the Gaza Strip, forcing more families to flee; → Israel and Hezbollah exchanged heavy rocket fire; → Hezbollah's leader mentioned the possibility of further strikes on Israel. From a technical analysis perspective of the XBR/USD chart today: → The price is forming a downward channel (shown in red) and is approaching its upper boundary, which could provide resistance; → Resistance could also be expected at the psychological level of $80 per barrel. This leaves some room, albeit limited, for further growth. However, bulls will need to demonstrate their persistence when they encounter a block of resistance around the $80 level. It is possible that the RSI may be in the overbought zone at that point. Whether Brent crude oil can break through the upper boundary of the downward channel in the coming days will largely depend on the nature of the news from the Middle East. 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
1
UKOIL / BRENT / CRUDE OIL Bullish Heist Plan To Steal MoneyMy Dear Robbers / Traders, This is our master plan to Heist UKOIL based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Stop Loss : Recent Swing Low using 30M timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
FX:UKOILSPOTLong
by Thief_Trader
BRENT Crude Oil Robbery Plan on Bullish DirectionMy Dear Robbers / Traders, This is our master plan to Heist BRENT Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style
OANDA:BCOUSDLong
by Thief_Trader
Bullish bias on Brent CrudeThere was a 2H Demand at price 76.00 since the market was on a downtrend with multiple breaks of a swing low, I was cautious in immediately bidding at 76.00 I waited for that demand to be valid and then the 1H supply to be invalidated to give me more bias to go long on Brent Crude, a Break of structure occurred price moved up till 78.62 and the previous supply was now acting as a potential Bullish breaker. I'm anticipating a retracement back to77.90 and then bulls till the previous tested 2h supply at 81.73 as my target
TVC:UKOILLong
by Nigel-K-W
1
What does OIL (BRENT PETROL) mean for the world economy?#BRENT Oil (Petrol) 1W chart; What does oil mean for the world economy? Oil is critical to the world economy and is considered the basic energy source of modern industrial societies. And then there are the quarterbacks. Market makers, a term we hear a lot in the crypto space. These and similar important charts cannot be moved by ordinary people. They cannot afford it. Only the most important countries in the world can do it. So what usually happens when these charts come to trend breaks? While situations such as war, geopolitical tensions, chaos, finding a vaccine for an existing virus move the chart upwards, Situations such as viruses, recessions, economic depressions also move the chart downwards. Significant chart movements are only possible with these and similar news. Conscious or unconscious. If you think there is anything unconscious in the world, I can't say anything about it. The trend line in the middle is important. I have indicated the details of the important breaks and critical intersections on the chart. But there is one place I would like to draw your attention. Russia-Ukraine war; The chart is rising sharply with pre-decline gapped openings and momentum candles. What happens in the world in such a situation? Energy, industrial production costs, important basic services such as electricity, heating, transportation, raw material prices would increase. Global economic slowdowns. Geopolitical tensions increase. In short, inflation would be fueled. Just like the economic crisis that would be caused by a sharp fall in the oil prices of the countries that depend on oil for their economies. Then energy companies cannot make a profit. Labor prices would fall, companies would go bankrupt, unemployment would rise. In short... Inflation was deliberately and willfully fueled. Because it was time to start raising interest rates. The world was not ready for that yet. With the war, the chart went up 40% in 2 weeks. I am not talking about any coin in crypto, I am talking about the oil chart increasing 40% in such a short time. You all know the scenario afterwards. The top of the chart is where the red needle is. March 2022. The Fed has officially started the cycle of rate hikes with 25 basis points.
VELOCITY:BRENT
by ugurtash
Brent Oil Price Drops Over 3.5% in Two DaysBrent Oil Price Drops Over 3.5% in Two Days As indicated by the XBR/USD chart, the price per barrel opened at $80.28 on Friday and closed at $77.27 on Monday. Moreover, early Tuesday trading also shows a downward trend. Bearish sentiment in the market is being influenced by geopolitical factors, particularly the easing of tensions in the Middle East. According to media reports, Israeli Prime Minister Benjamin Netanyahu has accepted a proposal aimed at resolving disagreements between Israel and Hamas. Additionally, ANZ Bank analysts point to a reduction in petrol consumption in China due to the increasing use of electric vehicles. Could Brent crude oil prices continue to fall further? Technical analysis of the XBR/USD chart indicates that the price is approaching a key support level (shown in yellow) that dates back to 2023. This raises concerns, especially given the bearish indicators: → The recovery from B to C has retraced approximately 50% of the A to B downward impulse; → The formation of peak C has seen false bullish breakouts of previous local highs; → The bearish candles on Friday and Monday have broad bodies and closed near their lows, indicating a lack of demand (or effective selling pressure). Thus, it is reasonable to assume that the bears might attempt to breach the critical support level, potentially leading to a new low for August. 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
3
Volume Profile Part 1: The Essentials Welcome to the first instalment of our three-part series on Volume Profile Analysis – a technique that has the potential to add a new dimension to your price action trading. Let’s start by exploring the fundamentals of Volume Profile Analysis, its essential components, and why it is a valuable tool in your trading arsenal. Understanding Volume Profile Analysis Volume Profile Analysis reveals the distribution of trading volume at different price levels over a given period. Unlike traditional volume charts, which aggregate volume based on time intervals, Volume Profile focuses on how volume is distributed across price levels. This method provides a unique view into where significant trading activity occurs, helping traders identify key support and resistance levels. Types of Volume Profile Indicators Whilst there are many Volume Profile indicators available on TradingView, our series will specifically focus the following two: 1. Visible Range Volume Profile (VRVP) • Description: The VRVP indicator displays volume distribution within the visible range of your chart. It helps in identifying high and low volume areas based on the currently visible price range. • Use: Ideal for understanding the volume distribution over larger time periods. The indicator is highly flexible as it can pinpoint pockets of high and low volume across the visible range on your chart and any specified timeframe. VRVP Indicator: FTSE 100 Hourly Candle Chart Past performance is not a reliable indicator of future results 2. Session Volume Profile High Definition (SVP HD) • Description: The SVP HD indicator provides detailed volume profiles within specified trading sessions. It adjusts the level of detail according to the zoom level of the chart, offering a high-definition view of intraday volume activity. • Use: Useful for analysing intraday volume activity with a focus on specific trading sessions. It paints a picture of how a markets volume is changing day by day. SVP HD Indicator: FTSE 100 Hourly Candle Chart Past performance is not a reliable indicator of future results Key Components of Volume Profile Analysis Value Area (VA): The Value Area represents the price range where approximately 70% of the total trading volume occurs. It indicates the range within which most trades are concentrated. It reflects market balance and identifies where the majority of trading activity has taken place. High Volume Node (HVN): HVNs are price levels with a high amount of trading activity, indicating areas of significant price congestion and liquidity. HVN’s have the potential to act as strong support or resistance due to its historical trading volume. Point of Control (POC): The Point of Control is the price level with the highest trading volume during the specified period. It often represents the “fair price” where the most trades have occurred. POC serves as a key reference point for potential support or resistance, showing where market consensus has been achieved. Low Volume Node (LVN): LVNs are price levels with relatively low trading activity, representing areas with minimal price congestion. VRVP Indicator: Brent Crude Daily Candle Chart Past performance is not a reliable indicator of future results Why Volume Profile Analysis is Essential Volume Profile Analysis offers several key advantages that can deepen your understanding of the markets and improve your decision-making process. 1. Identify Key Price Levels: One of the most significant benefits of Volume Profile Analysis is its ability to highlight areas of significant trading volume. These areas are crucial because they reveal where large amounts of buying and selling have occurred, often acting as strong support and resistance levels. By identifying these key price levels, traders can better anticipate potential price reversals or continuations. For instance, a price level with high volume suggests a consensus among market participants, making it a likely candidate for future support or resistance. This information allows traders to set more accurate stop-loss orders, identify strategic entry points, and place profit targets with greater confidence. We’ll delve deeper into how to do this in Part2! 2. Reveals Market Sentiment: Volume Profile doesn’t just show where trading activity has occurred; it also provides insights into the underlying market sentiment. By examining the distribution of volume at various price levels, traders can infer whether the market is dominated by bullish or bearish sentiment. For example, a concentration of volume at higher price levels might indicate strong buying interest, suggesting that the market is bullish. Conversely, a significant volume at lower price levels could indicate selling pressure and a bearish market. Understanding market sentiment through Volume Profile helps traders gauge the strength of current trends and spot potential turning points where the sentiment might shift. 3. Improves Trade Decisions: Armed with the insights provided by Volume Profile Analysis, traders can make more informed decisions about their trades. By understanding where significant trading activity has occurred, traders can better assess the validity of price levels, decide when to enter or exit trades, and manage risk more effectively. For example, if a trader sees that the price is approaching a high-volume node (HVN), they might anticipate a slowdown in price movement or a potential reversal, adjusting their strategy accordingly. On the other hand, low-volume nodes (LVNs) can indicate areas where price might move quickly, offering opportunities for breakout trades. Conclusion In essence, Volume Profile Analysis equips traders with a clearer picture of the market landscape, enabling them to make decisions that are grounded in a deeper understanding of price action and volume dynamics. In Part 2, we’ll uncover how to identify hidden market levels that aren’t immediately obvious on traditional price charts. We’ll explore the deeper layers of market structure and learn how to apply these insights to your price action trading. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83.51% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:OIL_BRENTEducation
by Capitalcom
1
Highs and Lows Move Together: A Key Insight for Retail Traders█ Understanding Daily Highs and Lows in Trading When it comes to trading, understanding the dynamics of daily price movements is essential. Daily highs and lows, which represent the highest and lowest prices of an asset within a single trading day, are more than just numbers—they provide valuable insights into market behavior, volatility, and potential trading opportunities. █ What Are Daily Highs and Lows? Daily Highs: The highest price an asset reaches during a trading day. Daily Lows: The lowest price an asset hits during the same period. Price Range: The difference between the daily high and low, which gives a measure of the day's volatility. These metrics are crucial for traders because they not only reflect the volatility but also highlight the turning points in the market. A wide price range indicates high volatility, while a narrow range suggests the opposite. █ Insights from Research Research shows that daily highs and lows are not just random occurrences—they are statistically significant and can be forecasted with reasonable accuracy. For example, models that analyze the relationship between daily highs, lows, and the price range can outperform simple predictions based on past prices alone. ⚪ Highs and Lows as Important Levels: The daily high is the highest price that an assets reaches in a day, and the daily low is the lowest price. These points are important because they often act like barriers in the market. If the price approaches the daily high, it might struggle to go higher, like hitting a ceiling. If it can’t break through, it might start to fall back down. Similarly, when the price gets close to the daily low, it might find support, like hitting a floor, and start rising again. ⚪ Market Reactions: When the price reaches these highs or lows, it often reacts strongly. For instance, if the price hits a high but then drops, it suggests that traders think the price shouldn’t go higher, leading to a possible reversal. On the other hand, if the price keeps pushing against a high and finally breaks through, it could signal the start of a new upward trend. In simple terms, the highs and lows act like important checkpoints in the market. Watching how prices behave around these levels can give traders clues about what might happen next. █ Key Findings ⚪ Daily Highs and Lows Move Together: The study found that the highest and lowest prices of oil each day are connected and tend to move together over time. This connection means that if one changes, the other usually does too. For retail traders, this suggests that tracking these levels can provide important clues about where the market might be heading next. ⚪ Price Ranges Indicate Volatility: The difference between the daily high and low (known as the price range) is a strong indicator of how volatile the market is. A large range means the market is very active and prices are swinging widely. For traders, this could mean more opportunities to profit, but also more risk. Conversely, a small range indicates a calmer market with less movement. ⚪ Better Forecasting Models: The study shows that by understanding the relationship between daily highs, lows, and the price range, traders can use more accurate models to predict future prices. These models outperform simpler methods that many traders might be using. For retail traders, this means there are better tools available that can help them make more informed decisions and potentially increase their chances of success. █ Daily Highs and Lows Move Together Daily highs and lows are connected and influence each other. This means that the highest and lowest prices of an asset during a trading day tend to move in relation to one another. Imagine you're tracking the price of crude oil. On Monday, the highest price of the day was $80 per barrel, and the lowest was $75 per barrel. On Tuesday, the price went up, with the high being $88 and the low being $79. What the research found is that these daily highs and lows tend to follow a pattern or move in sync with each other over time. The increase in both the high and low suggests that overall market sentiment is positive, and traders are willing to pay more, even at the lowest prices of the day. █ What It Actually Means ⚪ Connection Between Highs and Lows: If the daily high price increases, the daily low price often increases too, and vice versa. This doesn’t mean they are the same price, but rather that they tend to trend in the same direction. For instance, if the market is generally moving up (bullish), both the daily high and low prices will usually increase from one day to the next. ⚪ Why They Move Together: This movement happens because the factors driving the price up or down (like supply and demand, market sentiment, or external news) impact both the high and low of the day. If there’s strong buying pressure, it will push the daily high up and also raise the floor, or daily low, as sellers adjust their expectations. █ What It Means for Retail Traders For new traders, understanding and using daily highs and lows can be a game-changer. These metrics offer a glimpse into market sentiment, help identify trading opportunities, and can form the foundation of robust trading strategies. By incorporating the analysis of daily highs and lows into your trading routine, you can make more informed decisions and improve your chances of success in the markets. Understanding that daily highs and lows move together can help you predict market trends. If you see a pattern where both the highs and lows are steadily rising, it’s a sign that the market is in an uptrend, and you might decide to buy, expecting prices to keep climbing. Conversely, if both are falling, it might indicate a downtrend, suggesting it’s a good time to sell or avoid buying. █ Reference He, A.W.W., Kwok, J.T.K., & Wan, A.T.K. (2010). An empirical model of daily highs and lows of West Texas Intermediate crude oil prices. Energy Economics, 32(6), 1499–1506. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OANDA:BCOUSDEducation
by Zeiierman
1