BF1! trade ideas
WTI CRUDE OIL & BRENT OIL Weekly Outlook: Wait For SELL Setup!This weekly forecast is for Oct 21 - 25th.
US & UK Oil have been up and down throughout this Mid East crises. WIth a strong bearish candle and close last week, the indications are that the market has taken a bearish turn.
I will be watching the market closely for a pullback to the newly formed Daily -FVG for a high
probability short setup.
Take caution, day traders. As there will be buys to take as price retraces up, but I would urge you to remain patient and wait for the HP sells.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Brent crude oil looks into the abyss: first $36 then $27 Brent oil is in the giant range of $16 and $150
The price is in the decline within the red large leg 2 down.
It consists of 2 white smaller legs.
Leg ii is in the progress after a small consolidation (blue).
The first downward target is at the bottom of red large leg 1 at $36
The next target is located at the equal distance of red large leg 1 in second leg at $27
Saudi Arabia gave up oil target of $100 to increase output.
Cooling Chinese economy is also a bearish factor.
WEEKLY FOREX FORECAST SEPT 23-27: S&P NAS GOLD SILVER US&UK OILThis is Part 1 of the Weekly Forex Forecast SEPT 23-27th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Mid-Week Market Report: Post-FOMC Results, Forecast UPDATES!Wednesday, Sept. 18, 2024
This video will cover the updates to the Weekly Forecasts videos posted last Saturday.
With the Fed deciding to cut the rates 50 basis points, there was some volatility injected into the markets, resulting our targets being achieve!
Also, we will forecast the SP500, NAS100, DJI, GOLD, SILVER, US & uk OIL markets! So watxh until the end of the video!
If you like the video, leave a like/boost. I appreciate your comments, as well. I respond to all of my viewers.
May profits be upon you.
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
WEEKLY FOREX FORECAST SEPT 16-20: S&P NAS GOLD SILVER US&UK OILThis is Part 1 of the Weekly Forex Forecast SEPT 16-20th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
100% correction to the $62 range100% correction to the $62 range
Of course, there is also a possibility that the price will go up a bit and then correct
Brent: Completion of the primary cycle ???If 139.13 ended the cycle wave C the likely retracement support may fall into 57.59-60.87 where wave a to c relationship plays out together with the 38.2% retracement; or lower to 46.46-47.15 where we have the 50% mark and the wave a to c in equality.
Interestingly, the 2 red horizontal lines demonstrate the idea of it being a support /resistance tracing all the way back to year 2000.
Current retracement down may also bring forth a possibility of another bull run should 139.13 fail to be the top thereby projecting the possibility of higher levels.
Brent Crude Futures ready to riseCrab pattern has completed and the price has reached to the support level. We expect the price to rise. Checking lower time frames to enter is a must.
WEEKLY FOREX FORECAST SEPT 2-6th: S&P NAS GOLD SILVER US&UK OILThis is Part 2 of the Weekly Forex Forecast SEPT 2nd - 6th
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Brent oil continues to fall? Given the support in the 77 range After breaking this area, expect a drop to the range of 75.58 and 74.23 Otherwise, after breaking its dynamic resistance in the range of 79.50, we can expect oil to rise to the range of 80.97 and 81.80.
Profits is NO MORE!Macroeconomic and technical analyzes indicate a deep correction (pullback) of oil to the key levels of 40.20, where it will not stay for long; we will test the level below 39.40 and even below 38.60.
WEEKLY FOREX FORECAST AUG 26 - 30th: S&P NASDAQ GOLD SILVER OILThis is Part 1 of the Weekly Forex Forecast AUG 26-30th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Oil continues to fall?With the break of the 78.53 range, we can expect oil to drop to the 77.15 range and in case of strength to the 75.58 range. Otherwise, after breaking the resistance of 80.97, we can expect to climb up to the range of 81.79
WEEKLY FOREX FORECAST AUG 12-16th: USD INDICES GOLD SILVER OILThis is Part 1 of the Weekly Forex Forecast AUG 12-16th.
In this video, we will cover:
S&P500 NASDAQ DOW GOLD SILVER US & UK OIL
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
01/08/2024 Brent oil set up.Hello Traders,
Yesterdays set up was not a success. Market ended up touching our stop.
Here's today set up.
High and lower structure for a buy position formed on the 15m. H1 chart gives a bias of a bullish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for price to reach the wick candle above 76.8%, slightly above the FVG where liquidity has building, expect market to retrace further up to 100% on the Fib retracement tool where demand is built.
•Enter market at 80.926
•Stop loss at 80.116
•Take profit at 82.494
•Risk 2 -5%
•R:R is (1 : 2.4)
No much change on Baker Hughes Rig Count on number of rigs in operation, demand was affected by crowdstrike last week when planes down, transportation is fine though Yemen has been on the news lately and strikes were noted, reaction from the Houthis on Oil tankers will be monitored for supply disruption. Oil cuts still in progress from OPEC, Nigerian government still playing dirty with Dangotes refinery, which will definitely have an impact in supply and demand for imported oil outside of Africa. Good luck!!
30/07/2024 Trade Idea + Price Update.Hello Traders,
Yesterdays set up did not complete, hope you did no fail with patience to wait for a complete trade set up like. Kindly reset your orders.
High and lower structure for a short position formed on the 15m. H1 chart gives a bias of a bearish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for price to reach the wick candle above 76.8%, slightly above the FVG where liquidity has building, expect market to retrace further up to 100% on the Fib retracement tool where demand is built.
•Enter market at 78.897
•Stop loss above at 79.348
•Take profit at 77.948
•Risk 2 -5%
•R:R is (1 : 2.1)
No much change on Baker Hughes Rig Count on number of rigs in operation, demand was affected by crowdstrike last week when planes down, transportation is fine though Yemen has been on the news lately and strikes were noted, reaction from the Houthis on Oil tankers will be monitored for supply disruption. Oil cuts still in progress from OPEC, Nigerian government still playing dirty with Dangotes refinery, which will definitely have an impact in supply and demand for imported oil outside of Africa. Good luck!!
29 July 2024 Oil Trade IdeaHigh and lower structure for a short position formed on the 15m. H1 chart gives a bias of a bearish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for price to reach the wick candle above 76.8%, slightly above the FVG where liquidity has building, expect market to retrace further up to 100% on the Fib retracement tool where demand is built.
•Enter market at 80.317
•Stop loss above at 81.021
•Take profit at 78.483.
•Risk 2 -5%
•R:R is (1 : 2.4)
No much change on Baker Hughes Rig Count on number of rigs in operation, demand was affected by crowdstrike last week when planes down, transportation is fine though Yemen has been on the news lately and strikes were noted, reaction from the Houthis on Oil tankers will be monitored for supply disruption. Oil cuts still in progress from OPEC, Nigerian government still playing dirty with Dangotes refinery, which will definitely have an impact in supply and demand for imported oil outside of Africa.
The oil price may soon fall from today's USD 82.00 to USD 45.00Technical Analysis of the oil price (Brent Oil)
Over the past three years, the oil price has established a large head and shoulder formation (cf. chart here), and where a strong technical sell signal will be triggered by a break below the USD 75.00 level.
The oil price (Brent Oil) is also moving within a large symmetrical triangle consolidation formation, and the most common thing about such consolidation formations is a further development in the same direction as the previous development.
Here for the oil price, this means that it is most likely now with an upcoming break down from this large symmetrical triangle consolidation formation that the oil price has moved within in the past year now.
Both according to the aforementioned large head and shoulders formation, and the large symmetrical triangle consolidation formation.
Yes, both of these formations indicate that in the event of a break below USD 80.00 and 75.00, a further decline towards USD 45.00 - 50.00 will be signalled.
What is needed to change the currently very negative technical picture for the oil price will be for it to break through and establish itself above a now very important technical resistance level around USD 88.00 - 90.00.
As the overall technical picture is today, a sharp drop in the oil price is indicated if it now breaks below a very important technical support level at USD 75.00 - 80.00.
In the event of such a break down, strong technical sell signals will be triggered for the oil price, and then a further sharp decline will be signaled to around USD 45.00 - 50.00.
It is therefore well worth keeping a close eye on the oil price going forward here, and new signals about future developments may come within a short time now.
BRN1 Brent LONG NOW !!Huge Support and Resistance level.
Price action have been making higher highs.
If bullish momentum is still active. Previous lows should be respected.
Trade idea: Long here with stop at previous lows
July 11 Trade Entry Result Result was successful, came close to our stop loss but a success.
Lesson. Select better hard stop candle.
Update Order filled now we wait for market to give result. I may increase position size if it goes down more to 5% of capital to maximise opportunity. Trade looks promising... But because of uncertainty we have accepted emotionally a drawdown of 5% for 12.5% and nothing more.
As we wait for the EIA report.The market as is just changed it's BIAS to bullish momentum on the higher time frame, H1 to be specific, we looking for buy area around $84.600/barrell of Brent where liquidity has been building up as priced moved higher since the bearish momentum we have been singing since Friday. Tp on the to of our previous HH structure and Stop just below $84.26 to give it more room to take lower orders before moving up . Of course uncertainty is built into the system, risk percentage on position size is 5% drawdown we putting in the table if we lose, but stand to gain a 12.5% gain if market moves in our favour. It's not about this Trade but the 10 next trades.
