Countertrend long after heavy sellingWe are still in downtrend, but still a lot of buy orders residing in the blue demand-area. Expect 50% FIB- rally from last high-low, followed by pullback to demand-area and then explosive upward move to upper supply.Longby eirik.kaasaUpdated 332
Brent oil forecast came true. But the profit will not be big.Yesterday's analytics on technical levels for Brent oil turned out to be successful. After the breakdown of the resistance level, the quotes moved up as expected. But growth will probably be limited by the level of 86.by aleksandr_shirin0
BCOUSDHello Buy Analysis of Brent oil The support of the $80 range is important With the market breaking the trend line, this low can now be considered a pullback, and by maintaining the support of $80, it will continue to rise towards $99 and even $106, which is the main target.Longby Elliottwaveofficial1
Brent - key levels.The picture with technical levels for Brent oil now looks like this: current quotes are between two levels - support at 82.60 and resistance at 84.80. It seems that the breakdown of any of the levels will decide in which direction the next movement will be.by aleksandr_shirin1
How long can the oil price rise? How long can the oil price rise? It’d be quite possible to see an extended uptrend with Brent retesting $97 later this year if sentiment in markets remains generally positive and fears of recession don’t clearly return. Oil can often trend for quite a long time compared to other popular CFDs, so if this is indeed a new main uptrend it might continue into the fourth quarter. However, sentiment will almost certainly change to some degree when significant activity returns to markets in September. Negatives for crude fundamentally include weaker economic data from China in recent months combined with Russia’s avoidance of sanctions by exporting through Saudi Arabia, though the latter specifically and OPEC+ generally seem to be determined to keep prices high. Equally, January’s high around $88.40 might be an important resistance which could resist testing. The main goal as a trader of oil during seasonally low volume is usually to avoid entries at extremes while trying to use support, moving averages and others to determine when a retracement becomes short-term downtrend. by Exness_Official2
ukoil 8hours sell side 15% swing trade setup🔸Today let's review the 8 hour chart for brent oil . Noteworthy bounce in progress after accumulation near lows, however currently getting overbought. 🔸OPEC production cuts finally kicked it, therefore we got a decent pump in the oil market. Strong resistances overhead near 87.20 and 89.20, expecting bull trap setup after we break above the stop loss clusters. 🔸Recommended strategy for BEARS: look out for bull trap setup near 90.60 and get ready to short sell from overhead. limited upside beyond 90.60 usd, bears will target re-test of mirror s/r level at 77.80 and 75.20 usd. this is a 15% swing trade setup on sell side, good luck traders! 🎁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.Shortby ProjectSyndicateUpdated 282862
BRENT OIL 4H (downtrend till 83.50)BRENT OIL Brent oil can reach the resistance we mentioned in the previous idea which is 85.30 and now can be stabilized under it so will try to drop till 84.00 and 83.50 but stabilizing above 86.04 then will start the bullish to get 87.70 pivot price: 85.30 resistance price: 86.04 & 87.00 & 87.70 support price: 64.00 & 63.50 & 82.70 Brent oil will move between 86.04 and 83.50 Shortby SroshMayi8
Xbr/UsdHello traders! Wait for the break to enter the trade! Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻Shortby THP-Forex-Academy13
#oil #short #usdI just drew 2 lines in the simplest way and it gave me this position, we have suffered in this limit in the past and the ceiling is strong.Shortby Bijan20020
Brent long term viewIn my view Brent will retest broken big descending traingle so I expect price retest 55-60$ area before restoring long term main bullish move to tp1 165$ and tp2 181$ in next 2 years by mpdUpdated 330
DeGRAM | UKOIL fibo cluster levelUKOIL is moving to resistance at 86.00 and a fibo cluster. The price is printing potential of the AB=CD pattern. The oil market is approaching major resistance on the D chart. We anticipate a reversal from the resistance level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM151523
Oil Flirting with Sell off Oil due to heavy pressure due lack of demand even after opec cut its production its still not clear for a rebound on oil markets... for moment... oil is a sell with pressure down...60 ahead... never know for moment its a sell follow the trendShortby diegotrader9988Updated 0
Oil/brent/crude trend upBrent crude oil has been in a long term channel since middle 2022... now for traction and direction of its trend is up... for moment. Better safe then sorry!Longby diegotrader99881
Down the rabbit holeUnfortunately I have no clue if the coincidences will keep on popping on this one as I was doing a little bit of a Stand Up while drawing this. Actually I was standing down, but that's for that's for another story. Don't go down the rabbit hole. It's not what you expect. No trading advice on this one. This is more crazy than it should be. Original idea linked to this one. Don't go down the rabbit hole.by nenUpdated 773
What's with the oil?Brent oil is moving towards a three-month high at 85 at a cheerful Cavelrian pace, and most likely will reach it in the near future. Now it is much easier for me to imagine a rebound from this level than its breakdown. Therefore, for the time being, I am oriented to sell from 85, of course, if there is a signal to sell.by aleksandr_shirin1
REAL ACCOUNT 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160 Timeframe: H1 Lot: 0.03 why We do that ? 1. 1D and 4H trends go via bullish line 2. we can see easily THE TRIANGLE PATTERN 3. Moving average is bullish , Trend is bullish , Also triangle module Tactics : Entry price: 83.98 Take profit:85.5 ( 45.60 $ ) 152 pips Stop loss:83.36 ( 18.60$ ) 62 pips Warning : SWAP - 2.01$ per day Spread> 1.8$ - (make accurately !!)Longby qarayev1618f2
REAL ACCOUNT- 25118205 and 25118160REAL ACCOUNT - 25118205 and 25118160 Timeframe: H1 Lot : 0.1 and 0.03 lot why do we can do it ? 1. Traingle pattern in bullish trend 2. Moving average show us this trend is bullish 3. Trend is bullish Tactics : Entry price: 83.98 - 0.03 lot Take profit:85.50 ( 45.6 $ ) - 0.03 lot Stop loss:83.36( 18.60 $ ) - 0.03 lot Warning : SWAP - 2.01$ per day Spread> 0.6 and $ - (make accurately !!)Longby qarayev1618f0
150$Hello everyone As the chart said we will have higher price for Brent Oil. DXY must be checked or be in watchlist and either XAU is a chance for buy position. Longby satooshi1242Updated 223
Losing trade with Brent oil.Yesterday's deal to sell Brent oil unfortunately turned out to be unprofitable. Closed manually. I think quotes can go up to 85 and in some circumstances it can be even higher.by aleksandr_shirin0
The Price of Brent Oil Reaches the Level of ResistanceSince the beginning of the month, the price of Brent crude oil has risen by about 10% — this July could be the best month since June 2022. Yesterday, the price of Brent exceeded USD 82, for the first time since April. Among the drivers of oil price growth may be: → production cuts by Saudi Arabia; → restriction of export from the Russian Federation; → expectations of new measures to stimulate the Chinese economy; → summer growth in demand for gasoline and aviation fuel in the US. However, technical analysis tools give arguments to suggest that the July rally may slow down, as: → the price of Brent oil on the daily chart has reached the moving average with a period of 100, which may attract traders to open short positions; → the price of Brent oil has reached the upper limit of the channel (shown in red). The effect of these two factors of resistance may appear as early as tomorrow at 17:30 GMT+3, when the weekly data on oil inventories in the US will be published. 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.by FXOpen15
Oil Ping PongNo trading advice here, I am just presenting a bold and daring unconventional method. Looking for Heiken Ashi reversals at the shapes, or continuation in case of indecision, consolidation, rebounds etc. Follow the Heiken Ashi Candles for entry points. After a green wave, a red candle might appear at a shape, or the other way around. Position should be managed with stop loss trailing the highs or the lows of the Heiken Ashi candles. This is a swing trading approach that can be better suited with a hedging account, in case an opposite signal arises and the initial position hasn't stopped out yet. This way the initial position rides the wave for as long as it takes. If this sounds too crazy to trade on, you can look at it as an experiment, just like my other ideas with unconventional shapes, where interesting coincidences and rebounds have happened where the price met the drawings. by nenUpdated 6