US Crude vs Brent Crude - Arbitrage OpportunityShort WTI & Long Brent
NOW!
This trade can move 200% in a day - with the energy issue coming into winter in the Europe and Asia, this low price between the two crudes can not hold.
BM1! trade ideas
BRENT-DEC21 (4H) Bullish BreakoutHi Traders
BRENT-DEC21 (4H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 84.65 resistance level. Only the downward break of 82.16 would cancel the bullish scenario.
Trade details
Entry: 84.65
Stop loss: 82.16
Take profit 1: 85.97
Take profit 2: 88.32
Take profit 3: 92.15
Score: 8
Strategy: Bullish Breakout
Brent futuresFuel crisis in UK giving rise to an inverse head and shoulders structure. Looks like BRB, Breakout, Retest and Bullish continuation
BRN1 BRN1 okay we are triggered in lets see what happens with that order that got activated and the OB kiss
brent crude oilokay guys what we are looking here is a series of many possibilities which may take place ,we got an OB , FVG , HH (DOUBLE STRUCTURE KISS) also known as double top, a trendline kiss while may take place inline with the weekly OB..it just my view using what i know on this business.
Watch the price about pitchfork If you master to trade with volume and pichfork you will be a professional trader
brent timespreads moving upbullish for oil in september + q4.
china buying coming back
probably see $80-$85 oil by EOY
60.Expecting a move down to 60, especially if supply is maintained, price wouls remains under 65. Which is likely to happens since price is printing bearish candles on heavy supply.
If would show supply weakened while not breaking under 65., could expect a retracement back to 70.
Cheap Oil Isn't Green!Oil is going to boom like it never has before, we're going to see oil top $200+/barrel. This will be the result of several interacting factors.
Many soon-to-be vaccinated Americans with government stimulus in their pockets will the hitting the road for epic vacations in the coming months. The entire population has cabin fever, thanks to year-long pandemic lockdowns followed by a harsh, bitter winter. The spring/summer/fall of 2021 will be the summers of the 1960's and Route 66 on steroids. Many folks think they're gonna hit the road and stretch that $1400 as far as it'll carry them, but oil prices are going to put a damper on the drive. The sheer pent up demand is going to push oil very quickly to $75 at a minimum. We'll likely see $100 by early summer.
Biden hates oil, he killed the Keystone XL pipeline on day one in office and has been very clear about his negative sentiment toward pulling oil or gas out of federal land. This is only the tip of the iceberg.
Americans love and drive the wheels off of their behemoth SUVs. These vehicles get atrocious fuel economy and are without doubt viewed as a serious threat to the climate by the green-minded political party now in power. Many investors seem to believe that a simple government decree-- "Only electric cars by 20XX"-- will the the lever that shifts the population away from fossil fuel. So everyone buys Tesla and goes back to sleep. This is incorrect. The true behavior changing lever will be the price at the pump. Gasoline prices will be pushed so high that the only logical response will be to get back into hybrid, electric, or ultra efficient gas-burning sedans. This wave is coming. Governmental policies, taxes, etc, will drive Brent up towards $200 + over the next few years.
Top for this great Oil bull market since those negaSimilar extreme price activity in Oil.
One has to wonder if sometimes, the mood of one market has been transferred to others. It seems to have been a volatile emotional day all round. The difference in price behaviour on the day however, is that Oil has so far not seen any of the recovery equities achieved.
While Goldman Sachs has just come out with a $90 forecast this year, the forecast here is in exactly the opposite direction at $65.00. With further potential stretch risk as low as $61.50.
This forecast is based on both the price action behavior of the past week, what a reasonable correction to the huge trend from sub-zero would look like, and, the fundamental upheaval in OPEC perhaps freeing up production. While at the same time, demand could be foppish due to the extreme prices now being seen at the fuel pump.
The overall medium term upside pressure of the US dollar continued, reasserting itself significantly in New York.
Brent BRN1! front month futures. Time for a pause in the rally?Let's see if the wave can extend, it might be that where we are right now is about the limit of where we go on this stage of the rally
Brent futuresAbove the lower line, you need to be long targeting the upper line. At that upper line you can sell it all
Brentoil My analysis indicates that the brent is going a bit further high since the buying pressure is really obvious.
Brent: Forming Head & ShouldersAfter bouncing back from the pre-pandemic resistance and touching the channel's resistance since 2008 Brent seems like forming a head & shoulders pattern.
