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Brent Crude Oil Futures

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BB1! trade ideas

Brent Crude Oil futures bearish forecastBrent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally. Three supply imbalances have been created on Brent Crude Oil Futures around $74, $72 and $69. Price has not retraced to them but it did retrace at lower timeframe supply levels on the H4 timeframe.
RUS:BR1!Short
by AlfonsoMoreno
Brent Crude Oil Futures monthly demand, buy BrentBrent Crude Oil Futures has a monthly demand level located around $5038 that gained control a couple of months ago. The fact that we have had that monthly imbalance in control allowed us to make too decisions. 1) No shorts would are allowed trading against a big timeframe demand imbalance that has gained control. 2) Only longs would be allowed. Brent Crude Oil has been rallying for a few weeks now creating a new weekly demand level around $53.91 and potentially creating a new one slightly higher around $62.00 a barrel. There is a clear long bias providing buy opportunities on Brent Crude Oil Futures, a lot margin for profit on the way up to monthly supply zone around $77.00 a barrel We do not take into consideration any fundamental analysis to trade futures, no earnings announcements or volume, we do not need any of that to make a trading decision based on supply and demand imbalances. We just need to know where those imbalances are located and what is the bigger picture trend on the stock. Still if you pay attention to news, in the beginning of February Oil prices have fallen after disappointing US factory data sparked fresh concerns about a slowdown in the global economy. Brent crude futures dropped 0.2% to $62.6 a barrel, and US West Texas Intermediate fell 1.4% to $54.48 a barrel. Oil prices had been buoyed by a new round of supply cuts from Opec and its allies. Can we really make sense out of this Brent Crude Oil news? Maybe you can, but do we really need it? No we don't. Price reached a very strong monthly demand level, we are allowed to buy Brent Crude Oil but we are not allowed to sell it. You can also use various options strategies to take longs at demand imbalances, long calls, spreads or any other strategy that you might have on your trading plan.
RUS:BR1!Long
by AlfonsoMoreno
no major movement ahead for oil at least in first half of 2019I think the supply side for oil will be abundant, considering the fact the tepid world economy will not consume as much oil as the last decade. growth prospects of major economies looks dim except the US. Many institutes has trimmed down GDP growth rates in the last two month, citing significant headwinds for the world, like debt, trade disputes, geopolitical uncertainties and so forth.OPEC has every intention to reach a production cut deal for its members. Yet it can't control the behavior of non member states, especially the United States, which is the biggest producer in oil and gas and has become a net exporter. By cutting production, OPEC members probably will lose market share to other big players in export market.
ICEEUR:BRN1!
by Pento_Investment
Oil dead cat bounce continues but will be short lived.Oil is in a bear market and will eventually go back down to $28 a barrel. What we see now is a dead cat bounce that has done better than expected. However, I think it's coming to an end sooner or later. I will first start by identifying key levels. I identified four horizontal lines that solidified through the last decade. These are the $80, $70, $63, and $45 levels. Then we have our Consensio moving averages (15-day, 50-day, and 200-day). I tried fitting a Fibonacci retracement but my attempts failed. So now we see a small rally that impressively crossed the 50-day MA after staying below it for 3 months. Both the daily and the weekly closed above it. So how long do we expect to stay above it? Well the smaller the area we get squeezed in, the quicker we will fall back below it. The first hurdle to pass is the $63 resistance below which we are currently sitting. TD sequential tells us on daily and weekly timescales that we have momentum to cross above it since we see a green 2 trading above a green 1 and a green 3 above a green 2. Also last week's candle gave us a bullish pin bar. So we have two cases: Case 1: If we do NOT close above $63 on the weekly, then we will quickly be squeezed between it and the quickly-closing-in 50-day MA. Once we're squeezed, we expect a break to the downside but we need to re-evaluate the probabilities then. Case 2: If we close above $63 on the weekly then the next resistance is the $70 level and the 200-day MA. These two combined are formidable resistance and I give less than 20% chance that price will break through them in this bear market before establishing a bottom. Now if we trade between $63 and $70, then we will be squeezed between the 50-day and 200-day MAs, and we are more confident that the squeeze will lead to a breakdown that takes us down to $45. We favor case 2 because it gives a clearer sign and stronger momentum for bearish action. It's also favorable if you want to trade this as a swing. We will continue watching TD sequential count on the daily and the moving averages.
RUS:BR1!Short
by TechNerdOmar
BRENT CRUDE OIL LAST DAY FUTURES (MAR 2019), 1D, NYMEXTrading Signal Short Position (EP) : 62.47 Stop Loss (SL) : 62.99 Take Profit (TP) : 61.43 Description J26H2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (62.47) and place stop after 0.618 level (62.99). Once the position was hit, place take profit before an agreement (61.43) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.01 = +-$10/std-contract Commission fee = -$2.44/std-contract EP to SL = $0.52 = -$520 Contract size to open = 5 standard contracts EP to TP = $1.04 = +$1,040 Expected Result Commission Fee = -$12.2 Loss = -$2,600 Gain = +$5,200 Risk/Reward Ratio = 1.99
JShort
by SuppasitWechprasit
Where Will Energy Bottom? Brent OilTaking another stab here at picking a bottom in oil. Midpoints are difficult to decipher in such drastic sell-offs but if you catch the bottom we'll be well rewarded with an inevitable massive short squeeze. Regardless, this is def a high-risk trade. The relentless sell-off seems to be heavily algo-driven and major energy funds liquidating (according to rumors) so if another major energy fund goes tits-up it could crash the price right through my buy zone. A considerable dip below the 59.47 target shown here is likely so my stops wont be hit until below 55.50. VERY wide stops. Downsize positions and manage risk accordingly. Entries for me are 58.84 and down. No urgency to get entries filled today with the shortened US. Thanksgiving session. Zoom this in on a daily timeframe and you'll note decent respect of all fib levels, suggesting this could be a valid setup.
RUS:BR1!Long
by CryptoBanker