SPOTBRENT trade ideas
DeGRAM | UKOIL pullback tradeUKOIL is in the bearish trend. It's trading in the descending channel.
Price dropped below the significant level at 80.00 , which creates a confluence zone to short the market.
We anticipate a trend-continuation trade from the resistance and 50% fibo retracement.
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Brent Oil spot Buy n Sell zones.I love trading Brent oil spot. I have marked Buy n Sell zones. I will try to trade only on these levels.
Target will be at least 300-500 points from zone.
Please like and share.
Thanks.
Brent (ICE) may rise to 76.20 - 76.80Pivot
74.75
Our preference
Long positions above 74.75 with targets at 76.20 & 76.80 in extension.
Alternative scenario
Below 74.75 look for further downside with 74.20 & 73.60 as targets.
Comment
The RSI advocates for further advance.
Supports and resistances
77.50
76.80
76.20
75.57 Last
74.75
74.20
73.60
Number of asterisks represents the strength of support and resistance levels.
Crude Oil , Brent, getting ready for near bullish reversal Crude Oil , Brent, per US dollar , is getting ready for near bullish reversal ,
Go long when you the price failing to break below 76.6 .
So try to trade a divergence , reversal pattern , change of character , first breakout or bullish break of structure and so on
BRENT OIL BULLISHsome bullish hope for me in chart. if it go down to that support box i will open long but my sl is daily close under 68
Diagonal pattern ???Hello there!
I am a big fan of the Elliott Wave Principle, which is very interesting and useful for analyzing the market. I have developed my analytical approach by combining the principle with my personal experience and considering various scenarios that may occur in the market.
Although I want to share my analysis with you, I want to emphasize that I do not provide buy or sell signals. My main intention is to share my unbiased analysis so that you can use it as a guide to make informed decisions.
To build your confidence in my analysis, I always share my previous analysis of the same market so that you can compare and see the progress. All the details of my analysis are clearly labeled, which should make it easy for you to understand.
I hope that my analysis will be helpful in your trading journey and wish you all the best.
Sincerely,
Oil long ideaI have been burnt trying to buy at higher levels so now we are here olny right I try again !!! There a a few things that are giving this set up a more higher probability, and hopefully we there is a push back up. Some fundamental events are also being taken into account when I was forming this idea.
Brent (ICE) may fall to 73.00 - 74.10Pivot
75.70
Our preference
Short positions below 75.70 with targets at 74.10 & 73.00 in extension.
Alternative scenario
Above 75.70 look for further upside with 76.70 & 77.60 as targets.
Comment
Even though a continuation of the technical rebound cannot be ruled out, its extent should be limited.
Supports and resistances
77.60
76.70
75.70
74.74 Last
74.10
73.00
72.00
Number of asterisks represents the strength of support and resistance levels.
BRENT CASH Analysis 06/12/2023BRENT CASH Analysis 06/12/2023
The entry, exit and stop loss points are on the chart, please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
Brent oil prices are flat during early Wednesday tradingBrent oil prices are flat during early Wednesday trading after touching a multi-week low the previous day. Investors remain relatively unmoved by the potential impact that the additional voluntary production cuts agreed by the OPEC+ members will have on the market. Since the last day of November, the price of Brent has dropped more than 6%, showing that the markets’ concerns are tilted towards the demand side, as fears over an economic slowdown gain traction. The recent release of softer-than-expected economic data amplified this sentiment. Still, the downside has been limited by lingering fears of an escalation of the conflict between Israel and Hamas, which could end up disrupting the crucial Middle Eastern supply routes. Against this background, Brent oil prices are likely to continue to find resistance around the 80-dollar level.
Ricardo Evangelista – Senior Analyst, ActivTrades
#Crudeoil #BrentCrude OilAnother Good News to the World.
Any close below 74.60, as per 3Months chart, #Brentoil will fall to minimum 64$, below that 42.12.
Unless these levels are not tested, Brent oil won't make new high or another Bullish Move
Looking for UKOIL to turn now, starting wave 3 (target £100)We've been in a long wave 2 correction for the last couple of months, wave 2 has made a deep retracement, and we're now looking at the start of wave 3
Brent (UK OIL) - H4 - LongThe value area is between 76.5 - 78.5
Be careful about your RISK
The target will be 84$
Brent oil prices hedged up slightly during early Tuesday tradingBrent oil prices hedged up slightly during early Tuesday trading but remain close to the two-week low touched during the previous session. Prices declined on Monday as traders questioned the impact of the additional voluntary production cuts announced by OPEC+ for 2024. With economic activity falling in China and the American economy showing signs of slowing down, the focus of the markets lies on the demand side, with the perspective of a reduction in supply so far failing to lift prices. Still, the downside was capped by simmering tension in the Middle East, with the conflict between Israel and Hamas threatening to escalate following a string of attacks on cargo ships crossing the strategic oil route of the Red Sea.
Ricardo Evangelista – Senior Analyst, ActivTrades
Brent crude- Wait for the bounce! Resistance ConfluenceBrent crude oil looks to have made the 1st leg lower in a new long term downtrend
Trade: Wait for bounce from recent thrust lower to cluster of resistance to go short
DeGRAM | UKOIL channel breakingUKOIL broke the ascending channel, and the price is pulling back to it.
The oil market is probably printing an AB=CD pattern.
We anticipate a continuation of the bearish trend. Breakout, pullback, and continuation
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Brent oil prices stabilised during early Friday trading Brent oil prices stabilised during early Friday trading after Thursday’s wild oscillations, which ended up with a daily drop of more than 2.6%. Earlier in the week, investors had been anticipating the agreement amongst OPEC+ countries to reduce output in a dynamic that offered support to the price of the barrel. However, yesterday’s announcement of additional voluntary cuts in oil production, in the order of 900,000 barrels per day, was seen by many as insufficient. With economic activity expected to slow down globally over the next few months and demand expected to fall, yesterday’s production cuts disappointed those who anticipated a more decisive stance from the cartel. Against this background, the risk for oil prices is now tilted to the downside, with the $80 support level likely to be challenged.
Ricardo Evangelista – Senior Analyst, ActivTrades
Brent Oil - 4HIf the range of 80.0 units is broken downwards and the price stabilizes below it, the price may fall to the range of 79.5 units, and in case of strength, the range of 78.0 units.
Otherwise, the possibility of price increase up to the range of 82.5 units.
BCOUSD#Brent Crude Oil - H1
📣 Considering the chart structure on the 1-hour timeframe, in the event of a breakout above the upper boundary of the consolidation pattern in the range of 82.20, one can consider initiating a buy with a target of 85.40.
⛔ Stop-Loss: 81.10
On the other hand, in the case of a breakdown below the 81.10 range, there is an expectation of a price decline towards the 80.00 range.
⛔ Stop-Loss: 82.20
