BRTUSD trade ideas
XBR/USD Analysis: Brent Oil Price Soars After Attack on IsraelXBR/USD Analysis: Brent Oil Price Soars After Attack on Israel
Following Israel's military operation in Lebanon, Iran launched a missile strike on Israel on October 1. Financial markets reacted sharply as soon as the first reports of the attack emerged:
→ U.S. stock indices dropped significantly, and Bitcoin also fell, with BTC/USD nearing the psychological $60,000 mark at yesterday's low.
→ Gold surged to $2670, though supply forces have since curbed the panic buying, and XAU/USD has dropped back below $2650.
Oil prices also spiked. Unlike other financial assets, there has been no correction on the XBR/USD chart today, despite the end of the missile strike on Israel. This highlights oil's heightened sensitivity to Middle Eastern tensions.
According to today’s technical analysis of XBR/USD:
→ Brent oil price movements have formed an upward channel (shown in blue), beginning in early September. Following the news of the missile attack, the price has climbed into the upper half of the channel.
→ Interestingly, just before this surge, the price had hit a multi-week low with a false bearish breakout below the psychological $70 per barrel level.
Given Israel’s vow to retaliate for Iran's strike, it’s reasonable to assume that oil demand may remain high, potentially pushing XBR/USD towards the upper boundary of the channel, surpassing the current resistance at $75.
Brent oil could find support at the median line of the blue channel and the $72.50 level.
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.
Will it break trendline - BRENT?Break above on declining trendline can give huge upside, may or not.. because this is news/event driven rally.. Wait n watch ...
Análise de Mercado: BRENT e GOLD - DiárioPETRÓLEO
Os preços do petróleo caíram no início da sessão europeia, enquanto os mercados descartam as preocupações sobre a escalada de tensões no Médio Oriente e o seu potencial impacto nas reservas de crude, focando-se em vez disso no excesso de oferta e na fraca procura. A China, o maior importador de crude do mundo, tem mostrado uma procura retraída, já que o seu crescimento económico continua a abrandar. Entretanto, a OPEC+, liderada pela Arábia Saudita, parece pronta para aumentar a produção em dezembro. Tendo em conta estes fatores, os preços do Brent deverão permanecer em torno dos níveis atuais, cerca de 70 dólares por barril, com a possibilidade de uma nova descida.
OURO
Os preços do ouro subiram ligeiramente no início desta terça-feira, recuperando parte das perdas das duas sessões anteriores. A procura pelo metal precioso mantém-se forte, com os preços a oscilar abaixo dos máximos históricos da semana passada, devido ao seu estatuto como ativo de refúgio e à perspetiva de taxas de juro mais baixas nos EUA. No entanto, o pacote de estímulos recentemente anunciado pelo banco central da China limitou, em parte, a valorização do ouro. As medidas, que visam revitalizar a enfraquecida economia chinesa, aumentaram o apetite pelo risco nos mercados financeiros, impulsionando especialmente as ações chinesas e desviando algum investimento do ouro. Neste contexto, os traders estão agora atentos a uma série de dados que serão divulgados até ao final da semana, incluindo os números do emprego e os indicadores PMI nos EUA. Leituras fortes podem trazer obstáculos adicionais para o ouro, enquanto dados mais fracos podem reacender a sua trajetória ascendente.
Ricardo Evangelista – Analista Sénior, ActivTrades
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Brent Oil - Potential Upside After Resistance BreakoutBrent is currently testing a key resistance level. If we see a breakout above this resistance, there is a high chance the price will continue upward towards the next target resistance level. It’s important to watch for confirmation signals, such as a close above the resistance or increasing volume, to validate this bullish scenario.
Brent Crude OilBrent is beginning to rise once more in the market. What strategies or actions will you consider to navigate this shift effectively? Will you adjust your investments, analyze market trends, or perhaps explore new opportunities? Your approach could significantly influence your financial decisions moving forward.
BRENT CRUDE OIL may drop in price by as much as -65%Today we would like to share my opinion on the possible price of Brent Crude Oil in the coming years, analyzing the chart on a monthly timeframe
The war in Ukraine is not just a war between the two countries, it is a geopolitical problem that will affect all world economies.
The world's economies have not yet recovered from the Covid-19, and here is another blow.
Expensive energy will stop buying due to the excessive cost of production of "everything", the purchasing power of the population falls. Declining demand for oil will bring down the price.
The fall in the price of Brent oil -25% in the coming months in the area of $78-80 per barrel will be just the beginning.
But looking at the schedule, is striking the price zone of $36-46 to be a strong mirror level and this is -65% of the current price
Maybe this is a fair price for oil, from where a total restart of the world economy can take place by purchasing cheap energy resources.
Perhaps this is symbolic, but for the first time on the historical price chart of Brent, the zone of $36-46 was established as important when there were powerful geopolitical world changes: 1979-1980 - the Islamic Revolution and 1990-1991 - the collapse of the USSR
Brent Crude Oil Price Drops to Yearly LowBrent Crude Oil Price Drops to Yearly Low
When analysing the oil market on the XBR/USD chart on 4th September, with Brent crude trading near its yearly low, we:
→ noted the formation of a descending channel (marked in red);
→ highlighted key support (marked in yellow), which has now been broken;
→ suggested the likelihood of an interim upward correction, potentially rising to $74.50.
Since then, Brent crude oil:
→ climbed to $75;
→ tested the yellow line from below;
→ then reversed downwards, reaffirming the relevance of the red descending channel (as the bullish breakout attempt failed).
Bearish sentiment was fuelled by reports of a potential increase in global oil supply, particularly due to higher production in Libya and Saudi Arabia.
Could Brent crude prices continue to fall?
From a technical analysis perspective of the XBR/USD chart today:
→ The price is in the upper half of the descending channel, indicating that while bears may control the market, it may not be enough to expect a sustained downward trend.
→ Bulls appear to be active as the price nears the psychological level of $70. This was evident with yesterday’s halt in the price decline around $70.60.
→ Price dynamics are revealing clearer signs of an upward channel (shown by the purple lines).
Considering the above, we cannot rule out the possibility of Brent crude making another attempt to break through the upper boundary of the red channel in the near future.
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.
#BRENT #Bullish_butterfly #buy#1D #buy #r/r=1/2
#In the daily time frame, we see the formation of an ascending butterfly pattern.
BEARISH BIAS ON BRENT CRUDE The market's direction bullish trend reversed at that 1H Supply at $76 per barrel respecting the zone. The previously tested 1H Demand at $72.854 was invalidated at the second touch of the zone breaking structure to the downside making it a probable 1H Bearish breaker block anticipating a retracement back to $72.854 and continuation of sells towards $70.0 as my profit targe.t
BRENT - Potential ShortThere is a potential short coming up on BRENT based on the turning downwards of the stochastic and the crossing of the EMAs. The MACD hasn't crossed yet, but it will if it continues downwards.
It is currently trading at a support level from all the way back to last year between March and June. If it breaks through this level successfully, I am pretty sure we will have a nice downward move, but it might just test it again and move slightly upward. If breached, we are aiming for a target at around the 60 level.
UKOIL TF W 25924wait till price come into the zone and breakup with bid green/red candles
entry (TF 2h,4h)
SL at previous low/high
TP at Fibonacci
Continuation patternWhat we have here is market that is trending up, now we have an expanding triangle pattern followed by a breakout, now we have an opportunity to enter the market after the pullback and go long
WE ONLY TRADE PULLBACKS
LoVE Affair with Black GoldFrom the Castle to the Markets: A Nobleman's Love Affair with Black Gold
Ah, black gold , the very lifeblood of nations—how you move with such power, shaping the world and our fortunes with each fluctuation.
We find ourselves now 20 days deep into our grand BCOUSD trade, and due to recent geopolitical stirrings, the fruits of our patience are beginning to ripen. With barrels of this earth’s precious lubricant secured at the princely sums of $72 and $73, our hedge has proven most fortuitous.
Oh, Oil, you are my sanctuary, my steadfast companion in the turbulent tides of commerce. I understand you, I hear you, I feel you. I know well that you are ascending toward $85 with purpose, driven by forces beyond mere markets.
Though I had anticipated parting ways at 25 days, I now sense that our journey must extend a while longer. You have yet more to offer, and I am not ready to release you from my grasp. I shall remain in this trade, for your allure is undeniable, and I do not wish to part before reaping the full bounty you so generously bestow.
Ah, how fitting it is that I, from the serene halls of my ancestral estate, should be engaged in such noble pursuits. The grand windows of my castle overlook vast lands, but it is the boundless ocean of crude oil where my fortune truly lies. In these hallowed chambers, where portraits of my forebears gaze down with approval, I contemplate each rise and fall of the market with the precision of a master chess player.
Oh, Oil, you are no mere commodity to me—you are the very pulse of the earth, and I, your devoted steward. As you climb toward the glorious $85, I remain vigilant, savoring each movement as one would a fine vintage, knowing that the winds of geopolitics blow in our favor. Though I may tarry longer in this trade than first expected, it is a small price to pay for the rewards that await, as we ascend together toward new heights of wealth and glory.
Brent Oil Resistance Rejection IdeaDescription: Brent oil is approaching a key resistance level. This level previously acted as support, but after being broken, it has now turned into resistance. If the price revisits this area, there’s a high probability of rejection based on past price action.
Trade Idea:
Watch for the price to approach the resistance level.
If there are signs of rejection (e.g., bearish candlestick patterns or declining momentum), this could be a good opportunity for a short position.
Set a stop-loss slightly above the resistance level in case the price breaks through.
Potential target: Previous support level.
CRUDE-6MONTHS LOW TEST6M: The Low have been tested after some bearish trend, although the bearish candles have not close on 6 Months- 1 Months Time frame for Confirmation of Test reject and bullish retracement.
Weekly provide and idea: Previous 1 Week have been Broken to the Upside, hence expecting the Next weekly high as Next TP (77.61)
Also:
4 hour showing Head and shoulder and breakout of the neckline will confirm the Entry
Brent oil trend moving down or up?Amid supply concerns in the markets, oil prices, which had dropped to the $69.30 level, saw a notable rebound. The American Petroleum Institute reported a 1.9 million barrel increase in weekly crude oil inventories, while a slight decrease is expected in the official crude oil inventories to be announced in the U.S. today. In the U.S., strong expectations remain that the Fed will cut interest rates by 25 basis points today. Therefore, despite the positive risk appetite, Brent oil prices have continued to trade with a bearish trend below the $73.00 level.
Technically, if the 72.35 support level is broken, further declines toward 71.50 and 69.30 are possible. On the upside, if the 73.0 resistance is surpassed, buying momentum could accelerate toward the 74.30 and 75.50 resistance levels.
XBRUSD | 16.09.2024BUY 71.40 | STOP | 68.40 | TAKE 74.80 | Prices for benchmark Brent Crude Oil are correcting in a local upward trend, and are now holding just above 71.00.
The dynamics of quotations was influenced by the report of the International Energy Agency (IEA), which indicates that the levels of raw material production in August were exceeded in almost all regions.
Why haven't you profited from oil yet???Oil prices are falling rapidly due to several factors:
Increased crude production in the U.S. and other countries not part of the OPEC+ agreement.
Decreased demand from a major consumer, China. In August, demand dropped by 7% year-over-year.
On September 10, 2024, the price of #BRENT oil fell to $68.44 per barrel — the lowest since December 2021!
Analysts at Gunvor and Trafigura predict that global Brent oil prices could drop to $60 in the near future. In response, eight OPEC+ member countries have agreed to extend production cuts until December 2024. However, the efforts of the commodity deal participants have yet to yield the desired results...
While traders worldwide are deciding whether to "sell with the trend or buy at a cheaper price?" we’re offering you a benefit for any trade direction by completely canceling oil swaps!
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UK OIL / Brent Crude Oil Bullish Money Heist Plan on Long SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist (UK OIL / 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 / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Attention for Scalpers : 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.
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.
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BRENT OIL - Divergence Supported Bullish Break outBrent oil broke out of descending parallel price channel after printing divergence on MACD. Price is expected to retest the vital resistance cum support level which nicely aligns with 0.618 fib zone. Price is expected to bounce from this zone to advance higher.
Will UKOIL continue its decline?The U.S. Energy Information Administration (EIA) announced that global oil demand will reach a higher level this year, while noting that the increase in production will be lower than previously forecasted. Additionally, the EIA reduced its price forecast for Brent crude oil in 2024 by 2.4%, from $84.44 per barrel to $82.80 per barrel. As a result, Brent crude oil prices fell to the $70.0 level.
Technically, if the 69.30 support level is broken, further declines toward 67.50 and 65.60 are possible. On the upside, if the 71.50 resistance is surpassed, buying momentum could accelerate toward the 73.0 and 74.30 resistance levels.
