Short uk oilGood opportunity to short at 84.3 for the target of 79 this is just an N shap Shortby suryanshdadhich90Published 0
Brent Tests Multiple Crucial Lines and Levels to Target $90Brent oil (UKOIL) is traded near the very critical line of the EMA-100 (the orange area line) on the daily chart. Also, Brent is testing the important Fibonacci level of 38.2% of 87.32 along with the 3/1 line of Gann Fan. A breakout above these lines suggests a new bullish move for Brent price toward the green shaded area that has a bottom of 91.60 (a crucial support level) and a top of 95.29. The levels of 100.34-99.52 would be the next bullish target if a new breakout above 95.29 and the 4/1 line would occur. On the flip side, a clear rejection of the EMA-100 and 3/1 lines may invalidate the previous bullish hypothesis and would suggest a further decline toward the red area that consists the 8/1 line, the level of 80.99 and the bottom level of 78.36. Note: log scale is used in this chart. (I would appreciate any feedback on the Gann Fan drawing in this chart.)Longby SamerHaUpdated 225
UKOIL : Price Is Still Moving Down as ExpectedUKOIL : Price Is Still Moving Down as Expected Yesterday during the TradingView Live stream I explained all the reason why OIL should move down and also the potential reversal zone. As we can see the price moved down since yesterday from 86 to 82. Also today the price broke down the structure and it created a new low. The price may continue to move lower again after any small correction. Thank you and Good Luck!Shortby KlejdiCuniUpdated 202029
DeGRAM | UKOIL descending channelUKOIL is trading in the descending channel. The market is making shallow pullbacks and sharp bearish moves. The price tested the psychological and resistance level of $83.00, then dropped. The market formed a tweezer top pattern. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMPublished 8815
Joe Gun2Head Trade - Oil set to reverse corrective gains?Trade Idea: Buying Brent Oil Reasoning: Rallied into resistance Entry Level: 82.28 Take Profit Level: 78.99 Stop Loss: 83.63 Risk/Reward: 2.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.OShortby Signal_CentrePublished 3
BRENT OIL OUTLOOK waiting for bearish confirmation to short Brent oil from 86.00 to 75.36 zone . No confirmation , No entry guys OShortby GdlFxUpdated 2
DeGRAM | UKOIL breakout of the channelUKOIL broke through the rising channel , which was only a pullback in terms of the global bearish trend . The price tested, broke, and closed below the psychological level of $80.00. The oil market could retest the resistance before dropping again, even though we can see a big red candle that indicates the start of a downtrend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMPublished 9922
Oil Headed Down?Considering the downtrend of oil and price just hitting the daily trend line and being reversed I think we are down for rounded prices shown. So, Might Be a good time to go short? Shortby UnknownUnicorn5096825Updated 3
UKOIL: Short Trade Explained UKOIL - Classic bearish setup - Our team expects fall SUGGESTED TRADE: Swing Trade Sel UKOIL Entry Level - 82.162 Stop Loss - 85.198 Take Profit - 77.623 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️Shortby UnitedSignalsPublished 131313
OIL : Price Is Testing A Critical ZONEOIL : Price Is Testing A Critical ZONE The price has been trading below 88 since mid-November 2022. Over the last week, we can see that it is finally testing 88 again and it seems that this area turned into very strong resistance and decisive for the new direction of the price. If the price manages to break 88 this time, it will find more buyers to support the bullish move. As long as the price will develop below 88 sellers will still have control over price direction. Thanks and good luck!by KlejdiCuniUpdated 262629
Brent Crude Oil price takes a bashing overnightDuring the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile. Perhaps given the nature of its supply, which is largely in the hands of the OPEC+ countries whose national economies depend on the export of oil around the world, the 'oil cartel' has a lot of bargaining power over its consumers, hence in times of economic strife or geopolitical instability, oil prices have always been ones to watch. First of all there was supply chain and logistical curtailment due to lockdowns across many Western countries, which led to the increase in the price of oil during 2020 and 2021, and then the sanctioning of the settlement accounts of Russian oil companies by European governments which led to any oil bought having to be settled in Rubles in bank accounts in Moscow, leading to rapidly accelerating ruble prices and oil supply constraints for European customers. Therefore, oil prices have been high for 2 years, however this morning during the Asian trading session, Brent Crude Oil (WTI) took a dive in value and by 8.45am UK time, it was languishing at $76.92 per barrel, a steep drop over yesterday's values and a very noticeable drop compared to this time last week when the value was $82.27 per barrel on January 23, its highest value this month. During the past 30 days, Brent Crude Oil has been very volatile in its values, having begun the month at a low point of $73.08 on January 4, before accelerating past the $80 mark by mid January, then retracting again before heading back to the high of over $82 last week, and now it is back down to the mid-$70s again. Despite the overall rollercoaster ride of volatility this month, Brent Crude Oil is down overall by 4.3% during the past 30 days. This has been an interesting period for commodities traders, and whilst in many Western markets, gasoline prices are now far lower than they were six months ago, the price of crude oil continues to fluctuate considerably. In some cases, vehicle fuel prices at the pumps on the retail market have decreased by over 50p (British) or 50c (Euro) per liter in six months. For example, in July 2022, motorists in the United Kingdom were paying approximately £1.99 per liter, now unleaded fuel is readily available at around £1.50 per liter, and in France, in July 2022 unleaded fuel was retailing at an extremely high 2.20 Euros per liter, whereas during January 2023 it has been selling at anywhere between 1.70 and 1.87 Euros per liter. Volatility is the the lifeblood of trading, so says the old adage, and the oil price this month has certainly been on point in this respect. Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.by FXOpenPublished 6
Brent OIL for Sell !!!Hi Brent Oil traders, We think Brent Oil will be in sell in the coming days ... Contact us for more informations or analysis or recommendations... Team @TradeItDB Good luckShortby TradeItDBPublished 1
DeGRAM | UKOIL confluent zone for sell UKOIL rebounded from the bearish trendline on the daily chart. Price was pushed back twice. Look left. Price action printed a double top, and it created the same pattern as before. We anticipate a trend continuation trade if sell opportunity presents itself. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAMPublished 7727
BCOUSD Potential for bullish rise towards overlap resistanceLooking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy entry at 86.682, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group. Longby VantageMarketsPublished 1
BCOUSD Potential for Bullish Continuation | 27th January 2023Looking at the H4 chart, my overall bias for BCOUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 86.647, where the 50% Fibonacci line is. Stop loss will be at 85.401, where the recent low is. Take profit will be at 90.439, where the overlap resistance and 61.8% Fibonacci line is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website. Longby RockqetPublished 5
Oil blasting pipswe have finally see that chat patterns works 90% of the timeLongby D_VirtualPublished 2