to identify BPRs on Brent Oil FuturesI am not good at the ICT price action style. So I got 2 questions for traders that know this well.
1. Did i draw the correct BPRs? I use both bars and volume profile to filter FVGs
2. Do you only use BPRs to do after break trend following or position closing, or you can actually use them in resist
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Bearish Wolfewave target madeWhat I like about this pattern is the nice risk/reward it has.
The ideal pattern has a drastic and large move that quickly happen.
I added Fibonacci time that intersects the 1-4 target line for alternative targets for scaling out.
This chart has multiple SAR from different timeframes to track pot
Oil Prices Surge Following Armed Conflict Between Israel and Ira
In the early hours of Friday, June 13, a new turning point in global geopolitics emerged and extended through the weekend: Israel launched an aerial attack using missiles and drones on Iranian nuclear facilities, triggering an immediate reaction in energy markets. The conflict has continued through
OIL#OIL is showing signs of heading lower 📉
That’s a win for summer travel, home upgrades, and manufacturing before Q3.
Cheaper oil = lower inflation pressure ➡️ more $$ in consumers’ pockets.
Watch how this shift might boost spending and keep markets moving.
#Commodities #Economy #Inflation #SummerTra
Oil is Doomed: Time to SELL (Part 3/3)
Surplus + Bearish Forecasts = SELL
📊 Supply Up, Demand Down = Surplus
By mid-2025, the oil market will be in surplus .
Even conservative estimates show +500k barrels/day in excess supply.
🔮 Analysts Expect a Crash
- OPIS: “Could fall to $30–$40 if OPEC unwinds”
- Kpler: “Needs
Long Term Brent Outlook, $32 by 2026Weekly Brent has broken a clear barrier and formed a Bull Flag pattern, but the subsequent rally has been weak, not even reaching the breakout level.
The global economy is showing signs of weakening, leading to a reduction in oil demand. Concurrently, Trump's move to lift US production restriction
Brent crude: We maintain our USD 65 to USD 85 range for the yearBrent crude's current momentum has taken prices to a three-week high, with the latest move being supported by a combination of underinvested hedge funds, improved risk sentiment following a softening in the tone regarding tariffs after Trump indicated some nations could receive breaks from "reciproc
Brent Declines Amid Rising Inventories and Peace HopesOn February 13, 2025, Brent crude fell by 0.9% to $74.50 per barrel, driven by expectations of a potential peace deal between Ukraine and Russia, which could ease supply disruptions caused by sanctions. Additionally, U.S. crude inventories increased for the third consecutive week by 4.1 million barr
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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.