UKOIL 0.618 Retracement BullishUKOIL has hit the 0.618 retracement area. Might be bullish, also have high level of negativity in oil market calling for $40 oil. Narrative may turn.
UKOIL trade ideas
Brent Crude Breaks Lower: Iran Deal Could Add 800K BarrelsBrent crude has dropped over 2% following news that the US and Iran may strike a deal, potentially adding 800,000 barrels per day to global supply. We explore the technical setup, including a wedge pattern and the risk of a deeper fall.
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Oil Prices Surge Amid Threat of Strike on IranOil Prices Surge Amid Threat of Strike on Iran
As shown on today’s XBR/USD chart, Brent crude oil prices have jumped (as indicated by the arrow) to a one-week high. This surge follows U.S. intelligence reports suggesting that Israel may be preparing to strike Iran’s nuclear facilities.
Although CNN, citing officials, noted that it remains unclear whether Israeli leaders have made a final decision, oil prices are rising as markets price in the risk of escalation disrupting Middle Eastern oil supply chains:
→ Iran is the third-largest oil producer within OPEC.
→ There is concern that Iran could retaliate by blocking the Strait of Hormuz in the Persian Gulf — a key shipping route used by Saudi Arabia, Kuwait, and others to export oil products.
Technical Analysis of XBR/USD
Brent crude oil price has climbed towards the descending trendline (marked in black), drawn through key highs from April and mid-May. From a bearish perspective, this key resistance could trigger a downward pullback.
On the other hand, recent price action in Brent suggests upward momentum (indicated by blue lines), with the $65.20 level — previously a cap — potentially turning into support after a breakout.
Whether the black resistance line is broken will largely depend on geopolitical developments. It is possible that reports of an imminent missile strike on Iran may later be refuted.
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.
Crude Oil: Waiting for Clear SetupThe upside movement in oil is very limited, and the overall trend remains bearish.
I'm not considering long positions at this point. For a trend reversal, I would need to see a breakout above 68 — ideally with some consolidation above that level. Too many “ifs” right now. For me, there’s no clear trade setup here yet.
As for short positions, it’s still too early. I’d like to see a daily close below 63.50 before considering an entry.
Crude is all set for $70 rally.The 1 hour candle looks closing above the 21 EMA, which will make the crude to take a u turn from this level to $70 positionally.
BCOUSD | Bullish TrendBrent crude oil is in very good bullish trend while making new higher highs and higher lows.
UPDATE - Brent Crude missed Take profit - Time to panic?Well with trading it's never time to panic.
If you're panicking it means:
1. Your ego is too high and you're predicting rather than reacting
2. Risking too much
3. Attaching emotions to machine
Even if it hits the stop, that's the name of the game - TRADING>
However, the game is still in play. The price continues to make lower highs and it looks up it's going up to test the recent downward trend line.
Break above, and it will be more likely to not play out.
But NO panic! Please we're adults and taking on this as a business venture not a lotto.
M Formation
Price<20 and 200
Target $56.13
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bearish Look for potential Reversal bearish candlestick Patterns formation upon the retest of daily supply zone.
Brent Crude Oil Weekly Short Trade SetupBrent Crude Oil Weekly Short Trade Setup (as of May 22, 2025)
This chart reflects a prolonged downtrend within a clearly defined descending channel. Brent Crude Oil continues to respect the dynamic resistance of the upper boundary and has failed to sustain bullish momentum in recent months. The current price action presents a low-risk, high-reward short opportunity based on technical structure and projected price movement.
Entry Price: 64.994
The entry level at 64.994 is tactically chosen near the midpoint of the descending channel and slightly below the recent consolidation area. This level marks a rejection zone where price previously attempted to break higher but failed to gain traction.
The reason for this entry is:
• Price is reacting to the 20-period moving average (blue line), which has consistently acted as dynamic resistance.
• The last bullish push failed to close above the mid-channel zone and reversed near the projected retest line, indicating sellers are still in control.
• Entering here means you're entering after confirmation of a failed breakout rather than preemptively.
This is a conservative but smart entry point, favoring a continuation move in the direction of the dominant trend.
Stop Loss: 68.867
The stop loss is placed at 68.867, which aligns with the chart’s "Conservative Projected Retest Price Level" marked in green.
Here’s why this stop makes technical sense:
• This area corresponds to prior horizontal resistance and is very close to the descending channel’s upper boundary.
• A move above this zone would invalidate the bearish structure, suggesting a potential shift in momentum.
• Setting the stop here protects the trade against a deeper bullish retracement while still giving it enough room to breathe around minor fluctuations.
The risk is controlled, and you're only exiting if the market structure genuinely breaks.
Take Profit: 56.850
The take profit level is projected at 56.850, slightly above the "Weak Support Zone" marked in red.
The reasoning:
• This zone has acted as prior psychological support, but the label “weak” implies limited buyer strength here, increasing the chance of a breakdown.
• Price has tested this level before and rebounded only modestly, suggesting vulnerability.
• It also aligns closely with the lower boundary of the descending channel, which provides technical confluence as a realistic downside target.
• Setting TP just above support allows for safer profit booking without being too greedy, avoiding the risk of reversal right at a major support.
This exit point balances profit potential and probability, giving the trade a favorable risk-to-reward ratio.
Trade Structure Summary
• Trend: Bearish (confirmed by lower highs/lower lows and downward-sloping channel)
• Technical Confluence: Dynamic resistance, channel boundaries, horizontal zones, moving average rejection
• Market Sentiment: Weak upside follow-through despite occasional rallies, suggesting bearish control
Risk-Reward Outlook
• Entry: 64.994
• Stop Loss: 68.867
• Take Profit: 56.850
• Risk (SL - Entry): 3.873
• Reward (Entry - TP): 8.144
• Risk-Reward Ratio: Approximately 1:2.1
This setup offers more than twice the reward for the risk taken, making it an attractive candidate for traders seeking asymmetrical returns.
Brent Crude OilBrent crude oil prices might see a rise from the golden crab level 🦀📈
Could this be the start of an upward trend?
Brent crude oil Wave Analysis – 21 May 2025
- Brent crude oil reversed from key resistance level 66.00
- Likely to fall to support level 62.00
Brent crude oil recently reversed down from the key resistance level 66.00, which has been reversing the price from the start of April, as can be seen from the daily Brent crude oil chart below.
The downward reversal from the resistance level 66.00 created the daily Japanese candlesticks reversal pattern Evening Star.
Given the clear daily downtrend, Brent crude oil can be expected to fall to the next support level 62.00.
Oil Trade Setup: Watching the Breakout LevelsI believe it's still too early to short or go long on oil. The market is opening with gaps, and we need to wait for the chart to settle down before making any decisions.
Overall, the situation hasn’t changed much. It still looks bearish. The general trend is downward, and the price continues to stay below its 50-day moving average. Unfortunately, the setup for entering a short position hasn't materialized yet either.
📝Trading plan:
1. A breakout above 67.76 (the high of the April 23rd candle) would make a long position relevant. But that would require the asset to gain about 4.7%.
2. A breakdown below 63.3 would signal a short. That’s a -2.5% move.
It all feels a bit forced right now.
For the time being, I’m staying on the sidelines and just observing. But knowing how volatile this asset is and how quickly it can start moving, I’m not shelving the plan too far away.
Brent Crude U Turn from 64 level Brent crude took u turn from 64 level, all the way to 66 plus. Positional target is 7
75. Analysis was shared on last day .
XBRUSD Brent Oil Loot: Ride the Bullish Breakout Wave!🌎 Yo, Treasure Hunters! Aloha! Hola! Grüß dich! 🌟
Profit Plunderers, ready to strike? 🤑💸⚡
Forged with 🔥Outlaw Oracle tactics🔥 (technical + fundamental), here’s our slick plot to loot the "XBRUSD / Brent Oil" Energy Market. Stick to the chart’s path for a long entry, eyeing an exit near the risky YELLOW MA Zone. Beware—overbought vibes, consolidation, or a trend switch could snare you where bearish rogues prowl! 🏴☠️💰 "Grab your gains and party, traders—you’ve nailed it! 🎉💪"
Entry 📈: "The safe’s cracking! Watch for the MA breakout (67.50), then pounce—bullish bounty awaits!"
Hot tip: Place buy stop orders above the Moving Average or set buy limit orders at the recent 15/30-min swing low/high for pullback plays.
📢 Pop an "alert" on your chart to seize the breakout!
Stop Loss 🛑: "📣 Oi, listen up! 🗣️ If you’re jumping in with buy stop orders, don’t set that stop loss ‘til the breakout ignites 🚀. Follow my pin 📍 or take a wild shot 😜—but don’t cry if it backfires! ⚠️"
📍 Outlaw SL parked at the recent 3H swing low (63.00) for swing trades.
📍 Tweak SL based on your risk, lot size, and order stack.
Target 🎯: 72.50 or slip out before the goalpost.
🧲 Scalpers, heads up 👀: Play long-side scalps only. Deep pockets can dive in; smaller crews, tag along with swing traders for the heist. Use trailing SL to guard your stash 💰.
💸 UK Oil Spot / Brent Swing Trade Plot: Bullish fever 🐂 is roaring, sparked by key forces. ☝
📰 Dig In: Scope out Fundamentals, Macro Signals, COT Reports, Seasonal Trends, Intermarket Clues, Inventory Stats, and Future Targets 👉🔗
⚠️ Trading Alert: News & Position Savvy 🗞️ 🚨
News bombs can rattle prices and volatility. To lock in your loot:
- Dodge new trades during news drops.
- Slide trailing stops to pocket profits.
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---
### Real-Time Data (UTC+1, May 14, 2025) 📊
**Brent Oil (XBRUSD)**:
- **Price**: ~$67.20 (based on latest market feeds).
- **MA Breakout Level**: ~$67.50 (as per strategy).
- **Stop Loss Level**: ~$63.00 (3H swing low).
- **Target**: $72.50.
- **Market Sentiment**: Bullish 🐂, fueled by shrinking inventories and geopolitical noise.
**Latest COT Data (Friday, May 9, 2025)**:
- **Commercial Hedgers**: Net long positions rose 4% in Brent futures, backing bullish momentum.
- **Large Speculators**: Net long but scaling back slightly, wary of overbought signals.
- **Data Source**: CFTC Commitment of Traders report.
**Key Fundamental Drivers**:
- **Inventory**: ICE Brent data shows -1.8M barrel draw last week, bolstering prices.
- **Geopolitical**: Ongoing Middle East supply risks keep markets edgy.
- **Seasonal**: Rising summer demand forecasts add tailwinds.
🔔 **Note**: Watch for API inventory data (late May 14, 2025) and OPEC updates for potential volatility.
---
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I expect a return in oil prices from these levels to the upside.I expect a return in oil prices from these levels to the upside
XBRUSD is moving within the 58.80 - 62.80 range👀 Possible scenario:
Oil prices rose nearly 1% on May 8, lifted by optimism ahead of U.S.-China trade talks scheduled for May 10 in Switzerland, where Treasury Secretary Scott Bessent will meet with China's top economic official to address trade tensions. The potential easing of the dispute between the world’s largest oil consumers could support demand. However, gains were capped by concerns over inflation and unemployment after the Fed kept interest rates unchanged.
U.S. crude inventories fell by 2 million barrels, and production slightly declined, offering additional price support. Still, Citi Research lowered its 3-month Brent forecast to $55, citing ongoing supply risks and uncertainty around a possible U.S.-Iran nuclear deal.
✅ Support and Resistance Levels
Now, the support level is located at 58.80.
Resistance level is now located at 62.80 .
BCOUSD | BEARISH | TRENDLINEBCOUSD is once again in bearish trend after touching its higher high.It is printing candles right under the trendline.
OIL - follow the trend until it breaksOIL - follow the trend until it breaks
trend is down
after range or pullback to VWAP or POC take SHORT
BRENT Crude INTRADAY oversold bounce capped at 6533The price sentiment for Brent Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6533 — a key resistance level.
Key Resistance Level: 6533
This level marks a previous intraday consolidation area and could act as a ceiling for the current rally.
Bearish Scenario:
If WTI fails to break above 6533, it may resume its decline toward:
6207 (near-term support)
6080
5885 (longer-term support)
Bullish Scenario:
A confirmed breakout and daily close above 6533 would shift momentum and open upside targets at:
6707
6860
7040
Conclusion:
WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6533. Traders should monitor this level closely for signs of rejection or breakout.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
XBR/USD..4h chart pattern..MY analysis of **XBRUSD** (likely Brent Crude Oil priced in USD) suggests a bullish breakout with several technical confirmations. Here's a breakdown and key considerations:
### **Key Technical Signals:**
1. **Trendline Break** – Price broke a significant downtrend line, indicating potential reversal.
2. **Alligator Indicator** – Lips crossing above the Jaw suggests bullish momentum.
3. **Chaikin Oscillator > 0** – Indicates buying pressure and positive money flow.
4. **Market Structure Shift (MSS)** – Confirms a trend change (higher highs/lows).
### **Trade Plan:**
- **Entry Trigger:** Consolidation above **62.60** (confirms support).
- **Targets:**
- **65.00** (initial resistance).
- **68.00** (next key level if bullish momentum continues).
- **Risk Management:**
- A stop-loss below **61.50-60.80** (below recent swing low) would be prudent.
### **Fundamental Catalyst:**
Geopolitical tensions (e.g., Middle East supply risks, Russia sanctions) could sustain upward pressure.
### **Caution:**
- Watch for false breakouts; confirm with volume & closing prices.
- If oil inventories (EIA/API) show unexpected builds, it may reverse gains.
Would you like additional confirmation indicators (e.g., RSI, MACD) to strengthen the setup?
"UK Oil Spot/ BRENT" Energy Market Heist Plan (Swing/Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑 💰💸✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK Oil Spot/ BRENT" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk MA Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (68.500) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries.
📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊."
📍 Thief SL placed at the recent/swing low level Using the 4H timeframe (64.000) Day/Scalping trade basis.
📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 72.200
💰💵💴💸"UK Oil Spot/ BRENT" Energy Market Heist Plan (Day / Scalping Trade) is currently experiencing a bullishness🐂.., driven by several key factors.☝☝☝
📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets... go ahead to check 👉👉👉🔗🔗
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
"UK Oil Spot/ BRENT" Energy Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑💰✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK Oil Spot/ BRENT" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk GREEN Zone. It's a Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on!
however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 4H timeframe (67.500) Day/Swing trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 60.000 (or) Escape Before the Target
💰💵💸"UK Oil Spot/ BRENT" Energy Market Heist Plan (Scalping/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇
📰🗞️Read the Fundamental, Macro Economics, COT Report, Seasonal Factors, Intermarket Analysis, Inventory and Storage Analysis, Sentimental Outlook, Future trend predict.
Before start the heist plan read it. go ahead to check 👉👉👉🔗🔗🌎🌏🗺
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
BCOUSD | Bearish Crude oil is at the stage of testing trendline and is indicating to continue the bearish trend.
