Scenario Brent Crude OilI will first focus on the marked circle where the overall turning point can take place, if the price does not reach the support, it is quite possible to move from the marked triangle in the direction of the long, because based on Elliott's wave theory, there is a long formation, if the price breaks
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 Da
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 loca
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
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May profits be upon you.
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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, NAS10
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
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 demo
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.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Brent Crude Oil Futures is 75.23 USD / BLL — it has fallen −0.80% in the past 24 hours. Watch Brent Crude Oil Futures price in more detail on the chart.
The volume of Brent Crude Oil Futures is 32.93 K. Track more important stats on the Brent Crude Oil Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Brent Crude Oil Futures this number is 199.40 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Brent Crude Oil Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Brent Crude Oil Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Brent Crude Oil Futures technicals for a more comprehensive analysis.