What to do when you forget to trail?In this live trading,we look at the different options we looked at when we forgot to trail our stop on brent oil. You can apply these principles on any strategy.
BRENT trade ideas
Live Trading Session 253: Potential & open positions on BRT,etcIn this live trading session video,we look at current live open positions on BRENT, GBPUSD,
EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
DeGRAM | UKOIL potential double top at the resistance levelUKOIL was rejected at resistance at 84.00 before.
Price is printing potential for a double-top.
The oil market is consolidating on the 4H chart.
We anticipate further consolidation and a bounce off the resistance level.
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Oil short patternBased on cycles and ewa, ending 2 after 1, and go to 3 vawe sort in A B C. A ending at 54-56.
UKOIL 09.02.2024 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
Live Trading Session 252: Open positions on BRT,GBP&EURIn this live trading session video,we look at current live open positions on BRENT, GBPUSD,
EUR,USDJPY and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them.
BCOUSD#Brent crude oil - H1
📣 Based on the chart structure in the 1-hour timeframe, with a break above the downtrend line around the 79.24 level, one can consider buying with a target of 81.00.
⛔ Stop Loss: 77.80
On the other hand, with a break below the 77.80 range, one can be optimistic about a price decline towards the 76.00 range.
⛔ Stop Loss: 79.24
what next for oil?🤔On hi time from we can see a biger flag pointing to down wait for more information to go short
UKOIL Brent 05.02.2024 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
Will Brent oil stop its correction?📊 Due to the price approaching the supply range of $79.0 and the downward momentum of the price movement, if the range of 78.0 units is broken and the price stabilizes below it, the price may fall to the range of 76.6 🎯and in the case of the strength of the range of 74.0 units🎯🎯.
📊 Otherwise, the possibility of price increase up to the range of 81.0 units.
THE CATALYST COMES OUT FOR BRENTArea of Interest price for BRENT play out
As concern for the increasing tension in the Middle East and the ongoing Russian invasion that could lead to the curb of the global oil supply, the price bounced from the AoI marking.
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Stay safe in these uncertain economic conditions X.CO
BRENT REACHING THE AREA OF INTERESTWaiting for the catalyst to either pull or drag the price down
Let's see how London and New York play out, make sure to check the Geopolitical news that might occur in the meantime.
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Be Safe X.CO
DeGRAM | UKOIL channel breakingUKOIL broke the ascending channel and went down.
The oil market is likely to create a pullback from the support level.
We anticipate a continuation of the bearish trend.
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UKOil will continue moving lower!!UKOil tested swing high and moved aggressively lower. This week I will be looking for a selling opportunity to take this pair lower on smaller timeframes.
Look at the chart markup for more details.
BRENT OIL - 4HAccording to the strong downward momentum of the price movement and selling pressure in the market, if the range of 76.0 units is broken and the price stabilizes below it, the price may fall to the range of 74.8 and in the case of the strength of the range of 73.0 units.
Otherwise, the possibility of price increase up to the range of 79.0 units.
DeGRAM | UKOIL bearish move from confluence levelUKOIL bounced off the resistance at 84.00 and the 127.2% fibo extension level.
Price created the bearish harmonic pattern after breaking out of the descending channel.
The current trend on the D chart is a pullback against the major trend.
We anticipate a pullback and bearish move.
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brent 3h time frameAs we can see on the 3h chart of (bCo - brent C O) , it is clear that 12 and 12 is done so we need 1 flag and then the price should go down to the second 12 low price around 71.347 $ (calculated by low low symmetry on NDS strategy.
UKOIL Swing TradeUKOIL looks to be in an extending diagonal formation with an expected upside target of $93-$95. Invalidation to this idea is only possible with a break below $75.07.
These are my thoughts. Tell me your ideas on this in the comments.
OIL Brent Cash 29.01.2024please 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 - 1HIn the four-hour time frame, the trend of the price movement is upward, but due to the compression of the price movement and increasing selling pressure, if the upward trend is broken, the price will move downwards and the price stabilizes below the range of 81.5 units, the price may fall to the range of 80.6 units, and in the case of strength, the range of 79.2 units .
Otherwise, the possibility of price increase up to the range of 84.3 units.
Brent Crude’s Triangle BreakoutOil Jumps as US Military Base in Jordan Attacked
The Middle East powder keg came into sharp focus again this weekend following a drone attack by Iran-backed militants on a US military base in Jordan. President Joe Biden reported three service members were killed in the attack.
These casualties mark the first time US troops have been killed in an attack in the Middle East since the Israel-Hamas war began in Gaza in October. In response to the incident, Brent crude, the international oil benchmark, gapped higher in early trading but has since given back the gains.
While escalating tensions in the Middle East provide a supportive backdrop for oil, this month has also witnessed headwinds. Saudi Arabia's unexpected price cuts and the International Energy Agency (IEA) projecting a significant slowdown in oil demand growth for 2024 have added pressure to the market.
Building Bullish Momentum on Brent Crude's Daily Candle Chart
After more than a month of tight consolidation, the market for Brent Crude has finally showed its hand…
Prices had been winding ever tighter within a triangle consolidation pattern, but last week’s price action saw the market break decisively above it – creating a burst of bullish momentum. The breakout takes prices above the volume-weighted average price (VWAP) anchored to the September 2023 highs for the first time since October.
The market now faces a critical level of horizontal resistance (black dashed line), previously rejected twice in November. A successful breach of this level could pave the way for a more robust bullish trend in Brent crude.
Brent Crude Daily Candle Chart
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Higher Time Frame Volume and Liquidity BiasYersterday i had the opportunity to look at my charts. Saw a perfect textbook analysis demonstration of the Topdown Analysis. i can Help you Just like comment and hit me up lets chart.
Brent Oil Price Faces Key Resistance ZoneBrent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions
The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in the Middle East. Bloomberg writes that President Biden is under pressure, and the response can be decisive.
The Brent crude oil chart today shows that:
→ The price strengthened higher than the zone of consolidation (shown by narrowing black lines), having completed its bullish break at the psychological level of 80 US dollars per barrel.
→ The price forms an ascending channel (shown in blue).
→ The price rose to the USD 83.00-85.00 zone, which previously served as a support area, but changed its role in November.
→ The market is overbought, judging by the readings of the RSI indicator.
If the geopolitical tension increases, then the bulls can try to raise the price of Brent oil through the specified zone - it is possible that it will reach the upper border of the channel.
On the other hand, if the fundamental background indicates a decrease in the degree of threats in the Middle East, the price can form a pullback from the resistance zone so that the RSI drops closer to values around 50.
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