T/R zonesThis idea is based on transient /recurrent zones
Price will revisit 76.65 zone with high probability.
15 min cycle
UKOILSPOT trade ideas
The Anticipation of Brent OilIn the bustling world of forex trading, Alex will be positioned at his screen, eyes fixed on the charts that pulse with potential. He will see Brent Oil at 76.20, and he will know that the price will touch a peak of 76.90.
As he sips his coffee, he will remember the buzz in the trading forums: "Watch for any pullback." Pullbacks will be the key to unlocking great opportunities for those ready to act. With the blue EMA (Exponential Moving Average) just below the current price, Alex will feel a mix of excitement and tension. He will recognize that the blue EMA is his signal—a guiding line that could set the stage for a promising long trade.
He will remind himself to be patient, recalling the strategy he has meticulously crafted over countless hours. The plan will be simple: wait for the price to pull back to the blue EMA before entering his position. He will know that this calculated move could lead to a rewarding trade, but he must remain vigilant.
As he watches the price, he will notice a slight dip approaching the blue EMA. His heart will quicken; this could be the moment he’s been waiting for. He will prepare to act, fingers hovering over the mouse, ready to place his order as soon as the price touches that line.
The market will be alive with possibilities, and Alex will feel the thrill of the impending trade. He will know that this moment could define his day, his week, even his trading career. As Brent Oil inches closer, he will hold his breath, waiting for the perfect opportunity to take his position and ride the wave back up.
In that moment, anticipation will fill the air, and Alex will be ready to seize the chance that the market offers. The dance with Brent Oil will soon begin, and he will be poised for victory.
Brent: Strategic Reserve Data TodayBy Ion Jauregui - ActivTrades Analyst
Brent crude oil, a key benchmark in Europe, is showing signs of recovery in today's session on the Futures Market. After bouncing for the third time from the $81.72 level recorded last Thursday, today's opening price started at $75.28 per barrel and has advanced to $75.74, evidencing an effort to stabilize amid market volatility.
Rebound Context
The remarkable rebound from $81.72 has generated expectations in the sector, interpreted as a sign of resilience in an environment marked by geopolitical tensions and energy supply challenges. Disruptions in critical infrastructures and uncertainties derived from international trade policies continue to be factors affecting price fluctuations. Looking at the average indicators, we can detect elevated trend indecision which could mark a continuation of the price decline to the $72 area at the Checkpoint zone which coincides with the previous trading average zone. The RSI is currently slightly overbought at 58.29%, so it remains to be seen if it rises above $77 to maintain its price around $75 or on the contrary, if it falls as it has been doing in previous seasons towards its strong zone of $72.
Supply Concerns from Russia and Kazakhstan
The rise in Brent comes against a backdrop of growing concerns among investors about crude oil supply from Russia. Ukrainian drone attacks have significantly affected Russian energy infrastructure, reducing the flow in the Caspian Sea by 30-40% during the week.
Special attention deserves the Kazakh pipeline that supplies crude oil to Europe. On Monday, seven drones hit the Kropotskinskaya station, 200 km south of Rostov-on-Don, considered the most important pumping facility of the pipeline to the Black Sea. This disruption threatens to further destabilize energy flows to Europe.
Geopolitical Tensions Influencing the Market
The market is also keeping an eye on diplomatic developments. The United States and Russia held a meeting in Saudi Arabia to negotiate a possible end to the conflict in Ukraine. In addition, France led a second emergency meeting on European and global security.
Added to this are tensions in the Middle East, where Israel and Hamas will begin negotiations for a second phase of the ceasefire in Gaza, which could alleviate the risks of oil supply disruptions from the region.
Market Outlook on U.S. Trade Policies.
The market is also reacting to the uncertainty generated by the trade and tariff policies of U.S. President Donald Trump, who also referred to Ukrainian President Volodymir Zelenski as “an unelected dictator,” urging him to act quickly.
All of these expected tariffs in March and April could temporarily boost prices, although traders remain cautious about a combination of sanctions, tariffs and geopolitical instability.
Expectations and Pending Data
Despite this partial recovery, the outlook remains uncertain. Market traders remain on hold awaiting the Federal Reserve's crude oil data, which is expected today and could shed more clarity on the near-term trend. These reports will be instrumental in determining whether the current recovery consolidates or further adjustments in the Brent price.
Market Outlook
The moderate advance from the open at $75.28 to $75.74 per barrel reflects the market's dynamism in response to multiple factors. As the industry keeps a close eye on diplomatic developments and trade policy decisions, Brent's ability to recover from elevated levels suggests resilience that could, however, be affected by future events or economic data.
In summary, the current day presents a recovering Brent, with the market's attention focused on upcoming Fed data, which will be key in defining the future direction of prices.
Conclusion
The combination of supply disruptions, geopolitical tensions and expectations about US trade policies continue to set the trend for Brent, which for now remains above $75, but this need not necessarily be the case, as the crude oil problem has different sides and could fall to the $70 support zone if things are not resolved from a geopolitical and supply perspective, especially concerning Europe. In today's situation, we will have to see if the strategic reserve data continues to lower the price of crude oil or, on the contrary, sustains its price in the 75 zone.
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BRENT Crude sideways consolidation continuesThe BRENT Crude (Brent Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7685, 20 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 7685 level could target the downside support at 7400 followed by 7300 and 7225 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7685 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7780 resistance followed by 7840 levels.
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.
Brent H4 Short IdeaWe see the price entering the consolidation zone. Test and retest of the resistance level. I expect a strong fall.
On lower TFs we can also work out a buy to a strong level. But for the medium-term trend I see a short.
Brent Crude Oil Wave Analysis – 17 February 2025
- Brent Crude Oil reversed from support zone
- Likely to rise to resistance level 76.75
Brent Crude Oil recently reversed up from the support zone between the key support level 74.00 (former strong resistance from December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October.
The upward reversal from this support zone stopped the previous short-term ABC correction ii from the middle of January.
Given the bullish divergence on the daily Stochastic, Brent Crude Oil can be expected to rise to the next resistance level 76.75.
LongUse proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice.
Moustafa! 16.02.25 The moment I waited a lot for, just came!!- No idea you have of how long I waited for such moment!!
- I am a swing trader and all my trades generate normally thousands of points and pips.
- I predicted with another idea before on same asset, with huge far target in a long wave and I won it!
- I am different from others because I have different eyes may be! which could see the potential huge waves before they happen!
- Technically there is a huge symmetrical triangle which was breached from the above and all that last bearish wave is what you call it by pull back only! but majority of you do not see it because few are pure swing traders which helps me to use much bigger time frames and wait a lot till chances like that come!
- There are 3 horizontal lines in green with price tags represent support areas on the daily and weekly frames!
- Even the price broke the down channel on the daily frame and made even the pull back of it, except a little more
- I expect a historical turn in the Brent Crude Oil prices to my TP levels and to be the first one who advised those far levels and to be one of my most profitable trades!
- I know the majority expect the selling but I trust my skills away from all the noise! and remember that patience is the key but pays off always!
Note:
My ideas are exclusive to myself only and is not regarded as an advice for traders or investors and are not more than personal thoughts which I just wanted to share with you all and I do hope they could help.
I am not selling any signals and I do not take money favour any trades recommendations. They are free of charge all lifelong but I keep the copy rights of them though to not be copied or shared or sold.
BRENT Crude The Week Ahead 17 Feb 25 The BRENT Crude (Brent Crude) price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 7685, 20 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 7685 level could target the downside support at 7400 followed by 7300 and 7225 levels over the longer timeframe.
Alternatively, a confirmed breakout above 7685 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 7780 resistance followed by 7840 levels.
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.
BRENT H4 LongAccording to analytics we expect active growth of this instrument. It is possible to enter on the market or to wait for consolidation behind the level and work on lower TFs
Brent Crude Price Drops After Trump’s Call with PutinBrent Crude Price Drops After Trump’s Call with Putin
According to the XBR/USD chart, the price of Brent crude oil fell by more than 2% in a single day. This decline followed an announcement by US President Trump that he had spoken with Russian President Putin, discussing various global issues, including the war in Ukraine.
As reported by Reuters, this has raised expectations that a potential peace agreement between Ukraine and Russia could involve lifting sanctions, which have disrupted global oil supply flows.
Technical Analysis of XBR/USD
On 7 February, we highlighted key support at $74. Since then, the price has risen (as indicated by the arrow) to $77, which has confirmed its role as resistance.
Brent crude price movements outline a descending channel (marked in blue), with:
→ Bullish perspective: The $74 level may still act as support.
→ Bearish perspective: The $75.50–$75.80 zone, where sellers have shown dominance, could challenge bulls attempting to push prices into the upper half of the channel.
Rising US oil inventories, the prospect of increased production under President Trump, and expectations of sanctions on Russia being lifted could all contribute to Brent crude revisiting its 2025 lows.
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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 key levels 11-02Dear traders,here are the key levels for crude 11-02 and important tow resistance zone (76.78), (77.36) for intraday, based on previous day movement.
OIL breaking out of nearly year long downtrendBrent crude TVC:UKOIL is breaking out of the downtrend that started in April 2024.
Weekly price prediction: $71.49 (Min) and $77.37 (Max).Projected Price Range
The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $71.49 (Min) and $77.37 (Max).
Contended Price Levels
$74.50 – Point of Control (POC) – potential support
$73.22 - $71.49 – High Volume Node (HVN) – potential support
$77.32 - $81.62 – Low Volume Node (LVN) – potential resistance
Technical Analysis
Fibonacci Retracement & Price Movement:
The price reached the 0.5 Fibonacci retracement level in mid-January before retracing.
This level has demonstrated consistent horizontal price movement over the past six months, indicating it as a key reference point.
Volume Profile Analysis:
High Volume Node (HVN): Found between $73.22 and $71.49, indicating strong liquidity and potential support.
Low Volume Node (LVN): Between $77.32 and $81.62, which could lead to rapid price spikes if the price enters this zone.
MACD and Stochastic RSI:
Stochastic RSI (Bottom Indicator): Has shown low bearish momentum over the last two weeks and appears poised for an upward crossover, signalling potential price growth.
MACD (Top Indicator): Remains in the negative region, with a few weeks left before a possible crossover, implying continued caution for bullish sentiment.
Additional Factors
Support & Resistance Considerations:
Point of Control (POC) and HVN are close to the current price, reinforcing these as key support zones.
The price is currently resting on a previous resistance level that has now turned into support.
The black rectangle above the price highlights the LVN region, where rapid price movements could occur.
The white rectangle represents a large support zone, which may contribute to horizontal price movement.
Geopolitical & Market Sentiment:
As always, geopolitical events could significantly impact price fluctuations, and traders should remain alert to any market-moving developments.
Conclusion
Brent Crude Oil prices for the upcoming week are likely to remain within the projected range, given the strong support levels in the current price zone. However, any breakout downward could be swift, while an upward breakout could be accelerated due to the LVN region.
"UKOILSPOT / BRENT Crude Oil" Energy Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UKOILSPOT / BRENT Crude Oil" Energy market. Please adhere to the strategy I've outlined in the chart, which emphasizes long & Short entry. 👀 Be wealthy and safe trade 💪🏆🎉
Entry 📈 : You can enter a Bull or Bear trade at any point after the breakout.
Buy entry above 77.500
Sell Entry below 75.500
Stop Loss 🛑: Using the 2H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 81.500 (or) Escape Before the Target
Bearish Robbers TP 72.500 (or) Escape Before the Target
📰🗞️Fundamental, Macro, Sentimental Outlook:
The "UKOILSPOT / BRENT Crude Oil" Energy market is expected to move in a bearish direction, driven by several key factors.
🟠Macroeconomic Factors:
1. Global Economic Slowdown: A slowdown in global economic growth, particularly in China, may decrease demand for crude oil, putting downward pressure on prices.
2. US-China Trade Tensions: Escalating trade tensions between the US and China may lead to a decline in global economic growth, negatively impacting oil demand.
3. Strong US Dollar: A strong US dollar may make crude oil more expensive for foreign buyers, reducing demand and putting downward pressure on prices.
🔴Fundamental Factors:
1. Increasing US Shale Oil Production: Rising US shale oil production may lead to a surplus in global oil supply, putting downward pressure on prices.
2. High Oil Inventory Levels: Elevated oil inventory levels in the US and other countries may indicate a surplus in global oil supply, negatively impacting prices.
3. OPEC+ Compliance Issues: Non-compliance by OPEC+ members with production cuts may lead to a surplus in global oil supply, putting downward pressure on prices.
🟢Trader/Market Sentimental Analysis:
1. Bearish Trader Sentiment: The CoT report shows that speculative traders are net short crude oil, indicating a bearish sentiment.
2. Market Sentiment: The market sentiment is bearish, with many analysts expecting crude oil prices to decline due to the supply surplus.
3. Technical Analysis: The technical analysis shows that crude oil is in a downtrend, with a bearish breakdown below the $70 level.
🟡Sentimental Outlook:
Bearish Sentiment: 55%
Bullish Sentiment: 30%
Neutral Sentiment: 15%
⚠️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
🚨Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
🚨Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🫂
Long1.The price has reached the support level.
2.The price is boucing at the support level, forming a double bootom.
3.The price has reached the Fibo 0.718 level.
4.The correction of the larger timeframe bullish movement is coming to an end.
BRENT - Intraday forecast, Technical Analysis & Trading IdeasMidterm forecast:
While the price is above the support 68.485, beginning of uptrend is expected.
We make sure when the resistance at 81.651 breaks.
If the support at 68.485 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 81.735 on 01/15/2025, so more losses to support(s) 73.868, 71.698, 70.505 and minimum to Major Support (68.485) is expected.
Take Profits:
75.270
77.558
79.049
81.651
84.161
87.271
91.613
95.108
98.908
103.260
106.431
115.785
123.265
131.000
__________________________________________
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ForecastCity Support Team
Crude Oil Price Hits New 2025 LowCrude Oil Price Hits New 2025 Low
As shown on the XBR/USD chart, the price of Brent crude oil dropped to $73.92 yesterday:
→ this marks a new low for 2025;
→ the decline since 15 January exceeds 9%.
Bearish sentiment is being driven by Trump's policies. According to Reuters, the Brent crude price is falling due to:
→ US President Donald Trump’s renewed trade war with China;
→ threats of tariff hikes for other countries;
→ high oil inventory levels in the US;
→ Trump’s promise yesterday to increase US oil production.
Additionally, the US Treasury Department announced yesterday that it was imposing new sanctions on several individuals and tankers involved in delivering millions of barrels of Iranian crude oil to China each year, adding to the volatility of Brent crude prices.
Could the Brent crude price continue to fall?
From a technical analysis perspective of the XBR/USD chart, we can see that the price has dropped to a key support level around $75 per barrel. At this level, bulls had the upper hand, managing to break a major resistance line at the end of 2024. It is possible that bulls remain strong in this price range, and the long lower wick on the candlestick—marked with a blue arrow—supports this idea.
On the other hand, bears appear to be gradually gaining control at increasingly lower levels (as indicated by the red arrows):
→ the $77 level acted as resistance when Brent crude prices moved in February;
→ the $75 level has now shifted from support to resistance.
Given these factors, it is reasonable to assume that supply and demand forces may balance each other out at current levels, leading to signs of consolidation in the Brent crude price chart.
Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot.
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Wait1.Wait for Double bottom
to form
2.Alternatively, if the price breaks upwards and then retests, wait for the retest and enter a long position
3. If the price is testing the 0.786 level, it is likely to experience strong upward movement
Crude OIL $UKOIL Classic patternI've seen this pattern many times over the last 5 years on different instruments, and its working out to over 50%
The essence of this pattern is a classic triangle with horizontal support, most of the participants realize that we will break down, but not everyone believes that we will take liquidity off the top before going down.
An instrument like oil is quite trivial and it can fall without taking liquidity off the top.
But I want to share a few examples of my theory working out, where the upper resistance line is broken before the drop-down
Best regards EXCAVO
"BRENT / UK OIL SPOT" Energy Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "BRENT / UK OIL SPOT" 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. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Be wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the breakout (74.500) then make your move - Bearish profits await!"
however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high or low level should be in retest.
Stop Loss 🛑: Thief SL placed at 78.800 (swing Trade) Using the 4H period, the recent / nearest low or high level.
SL is based on your risk of the trade, lot size and how many orders you have to take.
Target 🎯: 71.000 (or) Escape Before the Target
Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
"BRENT / UK OIL SPOT" Energy market is currently experiencing a Neutral trend (there is a higher chance for Bearish)., driven by several key factors.
🟠Corporate Traders:
Fundamental Analysis: Bullish, citing growing demand for oil and supply constraints.
Macro Economics: Bullish, expecting a global economic recovery to drive oil demand.
Sentimental Analysis: Bullish, with 58% of corporate traders holding long positions.
COT Report: Bullish, with corporate traders holding 100,219 long contracts.
🔴Investor Traders:
- Fundamental Analysis: Neutral, citing uncertainty around global oil demand and supply.
- Macro Economics: Neutral, expecting a slow global economic recovery to impact oil demand.
- Sentimental Analysis: Neutral, with 50% of investor traders holding long positions and 50% holding short positions.
- COT Report: Neutral, with investor traders holding 40,109 long contracts and 35,219 short contracts.
🟤Hedge Fund Traders:
- Fundamental Analysis: Bearish, citing rising US oil production and global supply concerns.
- Macro Economics: Bearish, expecting a global economic slowdown to impact oil demand.
- Sentimental Analysis: Bearish, with 60% of hedge fund traders holding short positions.
COT Report: Bearish, with hedge fund traders holding 80,109 short contracts.
🟢Institutional Traders:
- Fundamental Analysis: Bearish, citing rising US oil production and global supply concerns.
- Macro Economics: Bearish, expecting a global economic slowdown to impact oil demand.
- Sentimental Analysis: Bearish, with 62% of institutional traders holding short positions.
COT Report: Bearish, with institutional traders holding 120,000 short contracts.
🟡Overall Outlook:
- Bearish: 55%
- Bullish: 25%
- Neutral: 20%
Based on the comprehensive analysis, the outlook for Brent UKOIL Spot Commodity CFD is bearish, with a target price of around $62-$65 per barrel.
⚠️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
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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 🤗
Will Oil jump against Trump's requests?On a technical perspective, Oil could reverse from the current price and start to climb again targeting buyside, as we have seen a divergence between Brent and WTI. However, it looks like Brent is weaker and might not be able to validate higher prices.
Next week's OPEC meeting could clarify the direction, as I do not believe they will succumb to President Trump's requests of lowering Oil prices massively, and we could be looking for a volatile month.
Technical Analysis of Brent Crude Oil: Breakout Oppty*Current Market Context*
Brent Crude oil has recently exhibited a classic spring formation on the daily chart, indicating a potential reversal or continuation of the bullish trend. A spring is a price action pattern where the market briefly moves below a key support level (often a "manipulation" move by smart money) before reversing sharply higher. This is typically a sign of accumulation and a precursor to a strong upward move.
The price is currently at the Last Point of Support (LPS), which is a critical level where buyers step in to defend the price, confirming the strength of the trend. This makes the current price an attractive entry point for traders looking to capitalize on the potential upside.
---
#### *Key Levels and Zones*
1. *Current Price (LPS Zone)*:
- The LPS zone is acting as a strong support level, offering a low-risk entry point for traders. This is where buyers are expected to accumulate positions before the next leg up.
2. *Breakout Zone ($92-96)*:
- The $92-96 zone is a significant resistance area. A breakout above this zone would confirm the bullish momentum and open the door for a strong upward move.
3. *Target Zone ($102-115)*:
- Once the breakout occurs, the price is expected to rally toward the $102-115 zone. This is where traders can take partial profits or monitor for signs of a retracement.
4. *Retest of Breakout Zone*:
- After reaching the $102-115 zone, the price is likely to retrace and retest the $92-96 breakout zone. This retest is a critical level for breakout traders to enter, as it confirms the zone has flipped from resistance to support.
---
#### *Trading Strategy*
1. *For Aggressive Traders (Current Price Entry)*:
- Traders can enter at the current LPS zone, placing a stop-loss just below the recent swing low to manage risk.
- The initial target would be the $92-96 breakout zone, with a secondary target at $102-115.
2. *For Breakout Traders*:
- Wait for the price to decisively break above the $92-96 zone with strong volume and momentum.
- Enter on the retest of the $92-96 zone after the breakout, ensuring the zone now acts as support.
- Set a stop-loss below the breakout zone and aim for the $102-115 target zone.
3. *Long-Term Outlook*:
- Once the retest of the breakout zone is confirmed, the price is expected to rally significantly, potentially reaching 2-6x the current price over the medium to long term. This projection is based on the strength of the breakout and the overall bullish structure of the market.
---
#### *Chart Analysis*
- *Spring Formation*: The price recently dipped below a key support level (spring) but quickly reversed, indicating strong buying interest.
- *LPS Confirmation*: The current price is at the LPS, where buyers are stepping in, confirming the bullish bias.
- *Breakout Zone*: The $92-96 zone is a critical resistance level. A breakout here would signal the start of a strong upward trend.
- *Volume Analysis*: Increasing volume on the breakout and retest would further validate the bullish scenario.
---
#### *Risk Management*
- *Stop-Loss*: Place stop-loss orders below key support levels to limit downside risk.
- *Position Sizing*: Adjust position sizes based on risk tolerance and the distance to the stop-loss level.
- *Profit-Taking*: Take partial profits at the $92-96 and $102-115 zones, while letting a portion of the position run for the long-term target.
---
#### *Conclusion*
Brent Crude oil is currently at a pivotal point, with the price forming a spring and testing the LPS zone. This presents an excellent opportunity for traders to enter at a favorable price. For breakout traders, waiting for the price to cross the $92-96 zone and retest it as support would provide a high-probability entry point. The overall structure suggests a strong bullish trend, with the potential for significant upside in the coming weeks to months.
Always remember to manage risk effectively and adjust your strategy based on real-time market developments. Happy trading!
