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CFDs on Brent Crude OilCFDs on Brent Crude OilCFDs on Brent Crude Oil

CFDs on Brent Crude Oil

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UKOIL trade ideas

SasanSeifi 💁‍♂️Brent 👉1D🔼 90 / 94 Hey there! 😊 On the daily chart, As you can see, the trend turned quite bullish after it broke past that pesky resistance at 78 and overcame the dynamic resistance too. Right now, it's hanging out around 86. Fingers crossed, if it stays above the 82 mark, we could see it making its way up to the 90.70 resistance level and even touching the long-term supply zone. If it keeps climbing, we'll want to keep an eye on how it interacts with those resistance spots. Let's see where it goes from here! 🚀 Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
BLACKBULL:BRENTLong
by SasanSeifi
Brent OIL - 200dmaBrent oil price has returned to the 200day moving average and a previous support zone. Wedge breakdown TP1 is 81.60 MACD crossover signaled the loss of momentum + double top. RSI is approaching oversold. The **200-day moving average** is a technical indicator used to analyze long-term trends. It's a line that represents the average closing price for the last 200 days. If the price is consistently above the 200-day moving average, it's an upward trend. If it's below, it's a downtrend. The 200-day moving average can also be used to identify key levels in the market. When shorter-term moving averages cross the 200-day moving average, it can signal changes in the trend.
FX:UKOILSPOT
by Trader-Dan
$UKOIL could revisit $105 by early 2024Hi guys! 👋🏻 🔔 Brent Crude may revisit $105 based on this weekly chart, on a longer term, we might see the price of the oil to rise to $170. 🔔 The US is easening the access to the market for Iran, whereas Iran reported that it will increase its production to fulfill the market's demand. 🔔 On the other side, OPEC will take necessary measures to keep the price higher by either cutting the production or negotiating with Iran on global oil production quota. 🔔 Iran's access to the global market won't intie Iran's hands on producing and selling oil at its will, as the state is also a long-time member of the Cartel. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
TVC:UKOIL
by azizelliott
Oil Brent - H4Oil Brent You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward. The nearest target is at 87.50 What can you expect now? You can consider entering from current price levels, but reduce the risks . When opening a position, it is best to exit the position from the level of 91.50, if this scenario does not materialize. You should be careful, as this is a correctional formation. Targets 89.15 - 88.20 - 87.50
TVC:UKOILShort
by Trade_Hive_Signals
Brent - H4\D1Brent crude oil The channel is closed and consolidated, which allows us to expect a continuation of the upward movement towards the target of 96.14 (discussed in the previous analysis). What can you expect now? You can consider an entry from a breakdown of the level of 93.27. In the case of a local movement, we can also expect a correction to the levels 92.17 – 91.83 and the opening of a position. When opening a position, it is best to exit the level of 90.23 if this script is not implemented. Targets 93.84 – 95.04 – 96.14
TVC:UKOILLong
by Trade_Hive_Signals
Brent Oil (Short Term)BRENT OIL After the strong pullback from 83.53 till reached 95.84 Now can reversed to do a retest till 90.77 So, from 92.91 will drop to 90.77 and then should break it to be bearish trend till 88.16 While trading above 90.77 it has a bullish trend till 94.79 For any reason stabilizing under 90.77 will support falling to 88.20 Pivot Pivot: 92.90 Resistance Price: 94.79 & 96.63 support price: 90.77 & 88.20 Brent oil will move between 92.91 and 90.77 last idea:
TVC:UKOILShort
by SroshMayi