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Oil - Brent (UKOIL)

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OIL_BRENT trade ideas

Brent - Peace returned to the Middle East?!Brent oil is above EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. On the ceiling of the ascending channel, we will look for oil selling positions. In case of a valid break of the $80 range, we can see the continuation of the downward trend. On the other hand, within the demand zone, we can buy with a suitable risk reward. Brent crude oil prices have surpassed $80 per barrel. This price increase continues to be supported by declining U.S. crude oil inventories and uncertainties surrounding Russian oil supplies following new U.S. sanctions. The International Energy Agency (IEA) has stated that the latest U.S. sanctions have the potential to significantly disrupt Russia’s energy exports. These sanctions have blacklisted over one-fifth of the tanker fleet transporting Russian oil. Last week, 160 sanctioned tankers transported over 1.6 million barrels per day of Russian oil in 2024, accounting for approximately 22% of the country’s maritime exports. However, the IEA has maintained its current outlook on Russia’s oil supply and will update it based on future developments. Meanwhile, reports indicate that Israel and Hamas have reached a ceasefire agreement, though Israel’s Prime Minister’s Office stated that details are yet to be finalized. Israeli Prime Minister Benjamin Netanyahu thanked U.S. President-elect Donald Trump for his role in the Gaza agreement and announced plans to meet him in Washington soon. Netanyahu also expressed gratitude to U.S. President Joe Biden for aiding in the hostage agreement. A senior Hamas official confirmed the group’s commitment to the ceasefire proposed by mediators. In the oil market, attention remains focused on uncertainties surrounding Russian oil supply after the announcement of stricter U.S. sanctions. Additionally, declining U.S. crude oil inventories provide further support for prices. According to the Energy Information Administration (EIA), U.S. commercial crude oil inventories fell by 1.96 million barrels last week to under 413 million barrels, the lowest level since March 2022. This decline was primarily due to a decrease in crude oil imports by 304,000 barrels per day and an increase in exports by 1 million barrels per day. In refined products, despite a 1.6% drop in refinery utilization, gasoline and distillate inventories rose by 5.85 million barrels and 3.08 million barrels, respectively. The Colonial Pipeline, which transports about 1.5 million barrels per day of gasoline from the U.S. Gulf Coast to the East Coast, is expected to remain closed until Friday following a leak earlier this week. This has provided limited upward support to gasoline prices. The IEA and OPEC have both released their monthly oil market reports. The IEA warned that new U.S. sanctions on Russia’s energy sector could lead to supply disruptions. Additionally, the agency revised its global oil demand growth forecast upward due to colder weather in the Northern Hemisphere. The IEA estimates that global oil demand in 2024 will increase by 940,000 barrels per day, 90,000 barrels per day higher than the previous estimate. For 2025, demand is expected to grow by 1.05 million barrels per day. OPEC, in its monthly report, maintained its 2025 oil demand growth estimate at 1.45 million barrels per day. For 2026, the group’s initial forecast predicts an increase of 1.43 million barrels per day. OPEC also kept its 2025 supply growth estimate for non-OPEC+ countries unchanged at 1.11 million barrels per day and expects a similar increase for 2026. OPEC’s production in December rose slightly to 26.74 million barrels per day, while overall OPEC+ output fell by 14,000 barrels per day to 40.65 million barrels per day due to reduced production in Kazakhstan. OPEC data indicates that demand for OPEC+ crude in 2025 will reach 42.5 million barrels per day and rise to 42.7 million barrels per day in 2026. Iraq’s Oil Minister Hayan Abdul-Ghani told Reuters that Iraq plans to sign a major oil and gas deal in Kirkuk with BP by early February. He noted that this deal will surpass the scale of the major 2023 agreement with TotalEnergies.
BLACKBULL:BRENTLong
by Ali_PSND
Crude OIL Follow the plan Oil is one of the main tools that pressure the global economy. This tool is manually controlled; I will not repeat who owns it. For the last 10 years, I have seen this pattern very often when we see a triangle that breaks down, but before it collects liquidity from above and breaks the upper resistance I talked about it in a previous post The idea is still the same; the timings are stretched longer. I intend to pick up a historical start this year, most likely at the end of the year. That's my lazy plan. The realization is more complicated because opening a position at the ideal entry point will be challenging. All shorts will be liquidated and stop out for a long time, so we will probably have to stand in the reversal formation phase for a long time. I could go on and on about politics and how it's explained to you on TV. But I don't do that. Best regards EXCAVO
FX:UKOIL
by EXCAVO
4
Brent Oil Price Retreats from a 3-Month HighBrent Oil Price Retreats from a 3-Month High On January 6, while analysing the XBR/USD chart, we: → constructed an upward structure using blue trend lines; → highlighted the potential for a pullback after the formation of peaks A and B around the $76.20 level. What happened next? As shown on the XBR/USD chart, Brent oil prices retreated on January 8 to the lower blue line (point C), where bulls successfully resumed the uptrend, pushing the price close to $81—a level last seen in early October 2024, near a key peak (not shown on the chart). According to The Wall Street Journal: → Demand was supported by sanctions imposed by the outgoing Biden administration on Russia’s oil industry. → Jonathan Ng, an OCBC Asean economist, noted that the price range of $78–83 appears to be a “relatively comfortable zone” for Brent oil in the near term. From a technical analysis perspective, the XBR/USD chart displays price action resembling a rounding top pattern. Therefore, it’s possible that after the bullish momentum triggered by the sanctions, another pullback towards the blue channel could occur in the short term. Going forward, much will depend on the political and trade policies adopted by the incoming Trump administration. 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.
FXOPEN:XBRUSD
by FXOpen
2
UKOIL OutlookUKOIL Yearly bullish. we had quite low volume traded on oil last year, that led to indecisive PA throughout the year. seems like we are about to observe a big move north in oil in coming year. Monthly we just closed above the yearly POC with VA all the way down around 77.341. from here 2 things can happen a. price can pull back all the way to the VA and then continue moving up b. we can just take support from the yearly POC and continue up without a pullback. either ways, volume will dictate our next move. although, if we drop down to daily chart, we can see that oil seems quite extended and that it is yet to tag december's VA. it took the path laid out in aforementioned scenario (b) and just continued up taking support from yearly POC (layout 2.2) Plan ideally I'd like for price to pull back to the December's VA at the minimum then look for buyers to step in but here are a couple of key price zones to look out for 1. 76.82 2. 74.11 looking for buyers to step in if and when price pulls to these areas. if it doesn't and price just holds the VA of last daily candle, I'd look to continue looking for small long entries.
FX:UKOIL
by Osiris992
2
Bullish Opportunity in Brent! Triple Bottom AheadHi, traders! 👏Welcome back to another technical analysis. Today, we are reviewing Brent Crude Oil on the 4-hour timeframe, and let me tell you: there is a very interesting pattern that could bring a great bullish opportunity! First, I want you to look at this Triple Bottom pattern I’ve marked on the chart. We have three key points: Bottom 1, Bottom 2, and Bottom 3, which form solid support around $71.535. This pattern often indicates a potential trend reversal, and that's why I'm projecting an interesting bullish move. Now, let's analyze the key levels: 1️⃣ Main resistance at $77.435: This level is critical. If the price manages to break through it, we can expect momentum towards my target, which I’ve marked at $80.159. 2️⃣ Intermediate support at $74.795: This is a reference level in case there are smaller pullbacks before continuing upwards. 3️⃣ Strong support at $71.535: We've already seen how the price reacted strongly in this zone, which validates its importance as solid support. Additionally, if we look at the RSI, we see that it’s near the 65 zone but not yet overbought. This indicates there’s still room for a bullish move before potential exhaustion. What am I waiting for? If the price breaks the $77.435, my Buy Limit🚀 is ready to go. I have a stop loss in place and am targeting the level at $81.021, a zone with good profit potential. ⚠️Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
BLACKBULL:BRENTLong
by MetalsMine
Brent Crude Breaks Out of Consolidation Pattern Brent Crude has burst out of its wedge pattern, climbing over 7% from its December lows. But with macro uncertainties looming, can this breakout hold—or is it just a false dawn? What’s Behind Brent’s Recent Rally? A combination of factors has propelled Brent higher in recent weeks. Cold weather gripping the US and Europe has spiked demand for heating fuels, while fresh stimulus measures from China has reignited hopes for stronger oil demand from the world’s top importer. Additionally, US crude stockpiles have fallen, adding further momentum to the recent price surge. OPEC’s decision to extend production cuts through 2026 underscores its focus on stabilising the market. However, rising US shale output could challenge this balance. If shale producers ramp up drilling in response to higher prices, it could cap Brent’s upside potential and introduce fresh volatility. Meanwhile, geopolitical tensions such as the ongoing conflict in the Middle East remain a persistent wildcard that will continue to influence prices in the months ahead. The Technical Outlook: Breaking the Wedge Brent's price action during the festive period and New Year has seen the market rally more than 4% last week and over 7% from its December lows. This consistent move higher was significant as it snapped the pattern of lower swing highs and higher swing lows. The breakout above key swing highs confirms that the wedge consolidation pattern—which had been forming in the final quarter of 2024 near the March 2023 lows—has finally been resolved. While the Relative Strength Index (RSI) is showing upward momentum without veering into overbought territory, the breakout lacks a surge in volume to affirm its strength. Furthermore, although the market is comfortably above its 50-day moving average, it remains below the 200-day moving average, leaving room for caution. For now, Brent’s technical setup suggests further upside is possible. Swing traders will be watching for support at the broken swing highs, as these could form the foundation for a short-term uptrend—especially if the market moves back toward the 200-day moving average. Brent Crude Daily Candle Chart Past performance is not a reliable indicator of future results Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:OIL_BRENT
by Capitalcom
Brent Crude Oil Hits 2.5-Month High in Early 2025Brent Crude Oil Hits 2.5-Month High in Early 2025 The XBR/USD chart shows a strong rally in Brent crude oil prices on January 2–3, breaking above $76.20 for the first time since mid-October. According to Reuters, this surge was driven by: - Economic stimulus measures in China, including wage increases for public servants and a significant boost in funding through treasury bonds. - Forecasts of a colder winter in the US and Europe, potentially increasing demand for oil products. According to technical analysis of the XBR/USD chart, the price broke out of a consolidation pattern (highlighted in blue) that had confined it in late 2024. However, signs of waning bullish momentum are emerging: - At point B, the price only slightly surpassed the previous high at point A before reversing downward, indicating buyer weakness. - A bearish divergence is forming between the RSI indicator and points A and B. These signals suggest that Brent crude oil prices could be vulnerable to a correction, potentially targeting the lower blue trendline as a support 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.
FXOPEN:XBRUSD
by FXOpen
2
oil is risingafter a 5-wave rally oil has entered an ABC flat correction the B leg of which can go up to anywhere between 150-350 dollars per barrel but ig this takes the form of an expanding flat we will once again see that the price frop below the pivot of wave A in the coming years after termination of B wave, to form the major C wave. when oil was enjoying its top price at the ame of the 5th wave, I remember markets in many of the asian states were flooded with the produce of the West. the riwen oil price had brought wealth to the oil-producing states & they then could afford to buy many of the products made in the West. trillions of dollars was transferred from asian states to West & after that oil prices dropped and the people were left with no money and inflation slowly crept inside their economy. now again, the same senario is repeating itself. and if they had learned a hard lesson, these states never again do such mistakes. if once again oil money kept flowing in, they have to form a national trust fund and spend it wisely for the infrastructure of their fragile economy.
TVC:UKOILLong
by loginmusa
Moustafa! Brent crude long 03.01.25* It broke the downtrend line and will go more likely to the TP * We are already in the big bullish wave as per my last idea for Brent crude oil, so we are going on the main index trend. Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
BLACKBULL:BRENTLong
by moustafa_marei
1
Brent - good start of oil in the new year!Brent oil is above EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. On the ceiling of the ascending channel, we will look for oil selling positions. In case of a valid break of the $75 range, we can see the continuation of the downward trend. On the other hand, within the demand zone, we can buy with a suitable risk reward. Over the past three months, the Brent crude oil market has emerged as the largest commodity market in the world, with a daily trading volume of $75.2 billion. The credit rating agency Fitch has stated that geopolitical tensions may increase volatility in the global oil and gas sector. The agency expects global oil demand in 2025 to grow at a similar pace to 2024, although this growth is likely to be slower than in 2022 and 2023. President Joe Biden is reportedly planning to impose a 20-year ban on leasing public lands for oil and gas exploration in Nevada. According to Fox News, this move is being considered in the final weeks of Biden’s presidency, just ahead of Donald Trump’s inauguration. This prohibition would prevent companies from leasing federal lands in the region for oil and gas exploration or extraction activities. As reported by Axios, Biden has been reviewing potential options for a military strike on Iran’s nuclear facilities. This action would only be considered if Iran takes significant steps toward building nuclear weapons before January 20. Reports indicate that Iran has enriched uranium to 60%, which is close to the 90% threshold required for weapons-grade material. Additionally, advancements in Iran’s centrifuge technology suggest the country could achieve this level within a matter of days. However, reports also caution that developing a nuclear warhead would still require at least one year. These assessments come as Biden approaches the end of his term and Donald Trump prepares to assume the presidency. Trump’s approach to Iran and its nuclear program is a topic of great interest, given his record during his first term. Previously, Trump adopted a “maximum pressure” strategy against Iran and withdrew from the Joint Comprehensive Plan of Action (JCPOA). The question now arises whether he will pursue a similar course of action or take a different approach in his new administration.
BLACKBULL:BRENTShort
by Ali_PSND
Descending Triangle on Brent @ D1A descending triangle pattern has formed on the daily chart of the spot Brent oil. It follows a long-term downtrend in the oil price and can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (81.710) - the red line. I will ignore bullish breakouts from this trend continuation pattern.
VELOCITY:BRENTShort
by AndriyMoraru
China and the U.S.: Rivaling Kings in the Global Oil MarketOil, known as the “black gold”, has experienced a significant rise, registering a 1% increase in its price today, January 2. This movement reflects the competition between two economic giants: China, the emerging engine of demand, and the United States, a key player in both consumption and production. Brent, the international benchmark, stands at 86.50 dollars per barrel, while WTI rises to 82.40 dollars, driven by the dynamics of these two powers. China: The Monarch of Energy Growth China, with its industrial might and voracious appetite for energy, is showing clear signs of a sustained recovery. Recent government stimulus measures have not only revitalized its economy, but also reaffirmed its position as a major player in the oil market. Refineries operating at full capacity and a rebound in transportation have boosted demand, cementing its influence as the main driver of consumption in the global landscape. The reopening of key sectors and an increase in exports are also contributing to economic dynamism. It is expected that China could reach record consumption levels in the coming months, reaffirming its position as one of the world's largest energy consumers. The United States: The Titan of Production and Consumption Meanwhile, the United States continues to play a crucial role. As the world's largest oil producer, its ability to influence global supply is unmatched. At the same time, its high level of domestic consumption positions it as a counterweight to China's growing demand. U.S. crude oil exports have also increased, thanks to the shale-oil boom and fracking technology, strengthening its leading position in the market. The United States also benefits from a strong dollar, allowing it to influence world prices significantly. A Global Impact on Commodities This competition between China and the United States also has a direct impact on other commodities extending beyond oil. Industrial metals such as copper and aluminum have also felt the effect of the Chinese recovery, registering increases in their prices, while the consumer dynamism of the United States ensures stability in the markets. In this context, raw materials reflect the global economic pulse marked by these two giants. China and the United States rival as undisputed monarchs, dictating the current economic trend in an unquestionable manner. The Throne of the Future As we kick off 2025, the outlook for the oil market is intriguing. While Chinese demand promises to keep prices high, U.S. production capacity and influence could redefine the rules of the game. OPEC+ decisions, global monetary policies and geopolitical tensions will also play a key role in this scenario. However, the rivalry between China and the United States will remain at the center of the energy market this year. In this context, oil is not only a source of energy, but also a reflection of the global balance of power. Prices and production are determined by a delicate interplay of influences where China and the United States compete for the global oil crown, setting the pace of the world economy. Especially since Saudi Arabia stopped dancing to the hamburger country's tune by reneging on the much-used “Petrodollar”. We could be on the verge of a paradigm shift and a change of roles. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:BRENTLong
by ActivTrades
Will surge up and further moves to the upside!!!Hi * just broke the downtrend line by 4 h candle and I expect to super pass two Fib levels Note: My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help. I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
BLACKBULL:BRENTLong
by moustafa_marei