xbrusd
📣 Based on the chart structure on the 1-hour timeframe, the price is currently in a downtrend. If the level of 88.00 is broken, it may present a buying opportunity with a target at 91.00.
⛔ Stop Loss: 86.00
UKOILSPOT trade ideas
Oil: Bullish Momentum Continues on Supply Disruption ConcernsTechnical Analysis
15-minute chart:
On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term.
4-hour chart:
On the 4-hour chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. However, the RSI indicator is nearing overbought territory, which suggests that a pullback may be due in the near term.
Daily chart:
On the daily chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. The RSI indicator is also in neutral territory, which suggests that there is no overbought or oversold condition.
Overall, the technical analysis suggests that Brent oil is likely to continue to rise in the near term. However, investors should be aware of the potential for a pullback if the RSI indicator enters overbought territory.
Trading Strategy
Traders who are bullish on Brent oil could consider buying the dips. A stop loss could be placed below the 20-period moving average, and a take profit target could be placed at the next resistance level.
Traders who are bearish on Brent oil could consider shorting the rallies. A stop loss could be placed above the 20-period moving average, and a take profit target could be placed at the next support level.
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This analysis is based on the information at the date it is posted.
This analysis does not represent professional and/or financial advice.
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TradePlus-Fx|BRENT: now on sell💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story.
In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a good context has been formed to enter the short, as we need. One can consider a dynamic set of positions, since a false breakout upward cannot be ruled out, after which the price will fall even more rapidly. The target of the trade is located at the gap formation level, that is, at level 85 .
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UK Brent Oil 4h : support further rise UK BRENT OIL
New forecast
The price perfectly fulfills my last idea.
Brent crude futures price trades rebounded downward after failing to overcome the resistance that was formed at the previously broken support of the main ascending channel at 91.01, putting pressure on the 89.52 level and moving above it now, which pushes the price to return to the upward path again, on its way to achieving positivity goals starting at 91.01 and extending. To 92.52 after breaking the previous level.
Therefore, we expect to witness further rise during the coming sessions, noting that breaching 89.52 and holding below it will push the price to losses again, starting with testing the 88.36 areas.
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK Brent Oil 4H : head to our second goal UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target .
The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected gains in the immediate and short term, on its way to visiting levels of 92.52 and then 94.00 as next positive stations.
Therefore, we expect the upward trend to continue during the coming sessions, keeping in mind that stability above 88.36 represents an important condition for achieving the proposed goals, so now its possible to formed a correction to near 88.36 and then rise up .
The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 89.52 , 88.36
resistance line : 91.00 , 92.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UKOIL/CRUDE OIL - PUMP to 184$\5555In this tutorial idea, I have shown a custom numerological fib that can work as a support, resistance and buffer zone for local and global trend reversal. Also Gann, which indicates reversals in the trend and all this together can be used for both global and local work. Also we see that exactly from the high we have had 5555 days for the strong decline that is happening right now, I expect a test of the buffer zone and strong support at 0.444 fibs and a reversal up. Often, if they want to make a massive dump and trend reversal, a deep call is made behind 0.333 fib and even a possible test of 0.222 fib and after a strong decline, this did not happen, we gently touched 0.333 on day 5555 and flew down. Nothing more than a local knockout and liquidity gathering before the flight due to the complicated geopolitical situation.
Crude Oil 88.549We'll be watching the 88.549 level.
Price action above this level represents a Bull Bias, hence focus on Buy Entries/Setups.
DeGRAM | UKOIL fibo cluster levelUKOIL is moving to resistance at 91.00 and a fibo cluster.
The price printed the AB=CD pattern.
The oil market is approaching major resistance and fibo golden zone on the 4H chart.
We anticipate a reversal from the resistance level.
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Brent long term channelThis is an update of the previous chart , potential 260$ target according to this pattern
UK Brent Oil 4H : try to rise up UK BRENT OIL
New forecast
The price perfectly fulfills my last idea and price reached to our target +144 pip .
The price of Brent crude oil contracts achieved a strong breach to the level of 88.36 to reach the pivotal resistance level of 89.52 now, stopping the negative scenario and heading towards returning to the main bullish trend, noting that breaching the aforementioned resistance will push the price to achieve further gains that reach 91.01 and then 92.52.
Therefore, we expect to witness more upward bias during the coming sessions unless the 88.36 level is broken and holds below it.
The expected trading range for today is between support 88.36 and resistance 89.52 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 88.36 , 86.93
resistance line : 89.52 , 91.01
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US Oil Long Trade - SL Previous Swing LowMany Fibonacci and Harmonic Confirmations
Bullish - Butterfly Harmonic ,
With Expanded Flat ABC Elliot
C = 1.618 A
1.618 AB = CD ( PRZ As per AB=CD Pattern )
0.50 Retracement Levels
Trade at your own decision , I'm not a financial adviser.
Brent Oil Short Trade Consideration(1)We are looking at Brent oil for a potential short trade only if the following occurs:
1.Wait for Daily bottom to confirm
2.Then for top to confirm before taking shorts till Weekly Confirmation Bar
low is taken out at 83.46
**We will only be considering this short trade for a very small period as Weekly is in Uptrend**
We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders.
To understand our ideas and videos better,we highly recommend watching our following stream videos:
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Look on our channel profile or at our signature section to access it
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Refn weekly Image
Oil Brent - H4Oil Brent
*Updating the idea and how to act*
Long - ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which can lead to further growth and the 5th wave on W1
The nearest target is at 95.90
This scenario is best used to exit the triangular formation on H4 when the level of 87.85 is broken - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 85.09
Short - If the price does not continue to move upward, and this was a full-fledged reversal, in the continuation of the 5th wave on D1, the nearest targets will be at the level of 74.30
In this scenario, you can consider selling from the level of 85.09 - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 87.85.
What to expect now?
Waiting for the breakout of the level for Long - 87.85, local target 95.90 - 98.10
When opening a position, it is best to exit the position from the level of 85.09, if this scenario does not materialize.
Waiting for the breakout of the level for Short - 85.09, local target 77.77 - 74.30
When opening a position, it is best to exit the position from the level of 87.85, if this scenario does not materialize.
Long
Targets 90.17 - 92.49 - 94.63 - 98.10
Short
Targets 82.28 - 79.30 - 77.77 - 74.30
UK Brent Oil 4H : under 86.93 will drop again UK Brent Oil
New forecast
The price of Brent crude futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level, which reaches 85.32 and 84.69.
From here, we await further expected decline in the immediate and short term, keeping in mind that breaching and stabilized above 86.93 will push the price to attempt to build an ascending wave whose targets begin at 88.36.
The expected trading range for today is between support 85.32 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 85.32 , 84.69
resistance line : 86.93 , 88.36
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
UK oil worst scenarioI gave a look to monthly chart, we can se a falling wedge broken , a retest of the upper trendline , according to the pattern Brent should rise at least @ 188$ area but we could reach 260$ target too if the rise will not stop to 188$ , forming a cup and handle pattern
TradePlus-Fx|BRENT: closing the gap💬 Description: Oil quotes have been holding by buyers at current levels after the gap. The reason for the formation of the gap was the aggravated geopolitical situation in the Middle East. It should be noted that buyers even "overplaying", but there is no result, no growth is observed. In addition, it was no coincidence that the price hovered at the local level of 87.45, which is a medium-term area of liquidity accumulation. Based on the traditional our metrics, most likely in the near future we should expect a fall in order to cover the gap, as well as update local minimums.
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OIL WILL GO TO THE MOON FIRST !THE INTELLIGENCE SERVICE GAME
It is IMPOSSIBLE that the intelligence services (CIA, NSA, MOSSAD, SVR, MSS, ISI, RAW, MI6...) that have invested billions and billions in monitoring "every click," every "audio" message left on an encrypted messaging platform (i.e. Pegasus), COULD NOT have been aware that HAMAS was arming itself in preparation for an operation and suddenly became ineffective!
So if all the services were aware of the "scam," how did the opposing party anticipate managing this potential stumbling block?
SET MOOD AND ESTABLISH THE SCENE BEFORE THE ARMS RACE BEGINS THEN COMODITIES WILL FOLLOW
The internal security of a state depends on the quality of services provided by its protecting intelligence agencies
The failure of Western services in prediction, but above all, the conviction that the Russians were 30 years behind, becomes glaringly evident. Otherwise a part of them knew it (CIA, MI6) and chose to misinform EVERYONE to sow chaos with the aim of boosting markets and generating demand.
I always claimed this difference between USA and Russia in the fact that one are Poker players, and the others are chess players.
In poker, it's not just about knowing how to lie, but also about knowing how to raise the stakes or play probabilities to determine the strongest hand on the table.
The lack of information about one's potential can only be estimated through a provocation close to the borders; this is the opportunity the Americans seized in 2014 to overthrow the Ukrainian gvt. and repeat what they tried in 1936 by arming Poland (the former concept of the sanitary cordon).
How can they switch from a theater of war into another ? Easy ! It is a question of manipulating public opinion as they already did in 9/11 to SAVE AMERICA from the crisis.
Generally, we learn from our mistakes to avoid repeating them. And it's during an armed conflict that we delve into history to understand its origins. One must believe that only in fashion does a cyclical phenomenon exist. Without wanting to resort to sarcasm, artificially creating a conflict by using HAMAS to justify a local intervention is truly treating people like fools.
The image war is primarily the one that targets public opinion at the expense of the invisible mechanisms that are set in motion, in order to make the 'pill' go down more smoothly.
DEDOLLARIZATION TAKES A BACKSEAT, OIL FIRST !
Do not ignore that the USMCA (formerly NAFTA) still remains the largest consumer market ahead of the EEA.
What is vulnerable or fragile for one state is an opportunity for another.
The composition of teams is now known to all. The G7 against the BRICs, gradually marking the end of a G20, some countries seize an opportunity in investing in newly available areas (Africa is an example).
As we observe a blatant loss of the former Western colonies, on which the latter built its wealth, it is entirely normal to see a conservative mechanism at play, detaching/tearing away the European zone at all costs to preserve the development of its own economic activity, much like a dog would defend its stake.
From an objective standpoint, the Soviet Union and Europe share a similar economic framework :
> A zone bringing together a group of states
> Free movement of goods and individuals within it
> The development of common projects using different parts of the zone
> But above all, a common currency
So, It took time to establish a common currency, therefore dedollarization won't happen right away
And where some of them failed to stand out in creating alternatives to the dollar as they all got eliminated (HUSSEIN, KADHAFI, CHAVEZ), the probability that the BRICS succeed in this global "decentralization" becomes more and more evident. This is one of the reasons that is increasingly appealing to countries wishing to join this organisation.
There is a certain logic if one looks at the geographic perspective of the 6 new members who have joined the BRICS, that it is imperative to secure the area to supply the new markets (Middle East / Africa), and consequently gain full control of the Red Sea and the Gulf of Aden (part of the BRI).
Israel is merely an opportunity for the West to slow down the development of this project !
Therefore, to return to this "small" war of secret service cartels, MOSSAD (and indirectly the CIA) could not have been unaware that Hamas was arming itself progressively, but above all, qualitatively. One might even assume that it was evident to anticipate, following the abandonment of 50 billion dollars worth of military equipment in Afghanistan, just like the initiation of the Marshall Plan for Ukraine in the supply of heavier weaponry, a scenario concocted from scratch to set up this new theater of war!
Something tells me that the cancelled cereal deal by the Russians has something to do with it...
What are you ready to do at any cost ?
www.macrotrends.net
No matter the price you put into it, it will be nothing compared to the resources of governments !
In conclusion, not only have you been manipulated in a 'scam' with war images you could never have imagined seeing in 1973, but you will all watch how the price of a barrel will skyrocket and get ready to pay your "full of tank" 5 times more expensive.
Russia's deputy PM NOVAK on NSE:OIL prices by year end : "Market sets the prices itself"
Why? Quite simply because the geographical area of the conflict is composed of OPEC, and therefore the likelihood of a refinery receiving a 'stray missile' is very significant.
As a result, the "Peace Makers" have decided to replenish their coffers to continue funding the production of ammunition...
FOR THE PLAYERS :
The last week close, before the busy weekend from the Gaza Strip left a gap between 84.90$ and 85.95$. There are barely 0.24$ left to close this one.
The experience of 1973 raised the thermometer by over 35$ (from 28$ to 65$) initially, ultimately ending above 146$ over the decade following the conflict.
147.5$ was the 2008's ATH (we know the reason...)
138.4$ was the Russia's SMO over Ukraine, which shows the first attempt to Break the Creek
Pull back above 92.63$ will trigger my Swing LONG
STOP BUY > 92.63$ | STOP LOSS 79$
TARGET 1 > 147.50$
TARGET 2 > 215.32$
Just take a look of 1973-1983 chart to understand !
I don't make the rules!
Crude oil I've been watching oil closely for the last two months. I would like to say that oil is a trending instrument, we started the decline from 95$ per barrel and fell quite rapidly until the conflict in the Middle East. all news resources said that oil rose in price on the background of this news. Technically, I was waiting for this upward correction. But if the war will really be global, the price of oil should be cheap to strengthen the US and the dollar, and these goals began to be fulfilled. In what way?
I have written about this many times, that what we trade is futures oil, in the financial market, and the main players in futures oil are City Bank, Goldman Sachs, JPMorgan Chase
read more
Best regards EXCAVO
Brent Oil: Ready for a Rally?Brent oil prices have skyrocketed in recent months, from about $70 a barrel in June to more than $90 a barrel today. This is due to a number of factors, including:
Fundamentals
Tight supply:
OPEC+ has cut output to support prices and there are concerns about supply disruptions from Russia due to the ongoing war in Ukraine.
Strong demand:
Global oil demand is recovering from the COVID-19 pandemic and is expected to continue growing in the coming months.
Weaker US Dollar:
A weaker US dollar makes oil more affordable for buyers using other currencies.
Technicals
30-minute chart: Brent oil is currently trading in a bullish trend channel on the 30-minute chart. The RSI indicator is above 50, suggesting that buyers are in control. The MACD indicator is also bullish, with the MACD line above the signal line and the histogram turning positive.
4-hour chart: On the 4-hour chart, Brent oil is also trading in a bullish trend channel. The RSI indicator is above 50, and the MACD indicator is bullish, with the MACD line above the signal line and the histogram turning positive.
Daily chart: On the daily chart, Brent oil is trading above its 200-day moving average, which is a bullish signal. The RSI indicator is above 50, and the MACD indicator is bullish, with the MACD line above the signal line and the histogram turning positive.
Conclusion
Overall, the fundamental and technical outlook for Brent oil is bullish. Prices could continue to rise in the coming days and weeks, especially if there are any supply disruptions or if the US dollar continues to weaken.
UK Brent Oil 4H : Under 86.93 Downtrend UK Brent Oil
New forecast
The price of Brent crude futures continues to move on a sideways path, and settles below the resistance at 89.45, which is putting negative pressure on the price, waiting for the resumption of the bearish tendency to test the level of 86.93, which represents our next main target, remembering that exceeding this level will push the price towards M at 84.83 and 83.80.
On the other hand, we point out that breaching 89.52 will stop the current bearish correction and push the price to try to return to the main upward path again.
The expected trading range for today is between support 88.63 and resistance 86.93 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 86.93 , 84.83
resistance line : 88.36 , 89.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
The increase in Brent Crude ⛽️Oil⛽️ prices due to the WAR🚀➕15%😔Unfortunately, in recent days, there has been a war between Israel and Palestine, and I hope that this war will end as soon as possible.🙏🙏🙏
🧐Now, how can the effect of this war show itself in the oil chart❗️❓
💡At the same time, as geopolitical tensions increase throughout the Middle East , oil prices are likely to rise even more. Meanwhile, US Strategic Petroleum Reserves (SPR) are down to just 17 days , the lowest in history. This is almost half the historical average of 33 days dating back to 1990 .
💡In addition, OPEC this week reaffirmed its commitment to voluntarily cut production to a ceiling of more than 1.5 million barrels per day.
💡In the days when Russian crude oil exports are limited, and the world's largest oil producers are also at war.
😱There's never been a worse time to have an unloaded SPR than today.
📈In terms of technical analysis, Brent Crude Oil is moving near the bottom of the ascending channel , 🟡 Price Reversal Zone(PRZ) 🟡 and SMA(100) .
🔔I expect that starting next week, the trend of Brent Crude ⛽️Oil⛽️ will rise and at least reach the 🔴 Resistance zone($100.48_$95.80) 🔴 again( ➕15%) .
⛽️Brent Crude Oil⛽️Analyze (USDBRO), Daily time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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UKOIL Waves UpdateHello Traders, Base on technical and wave analysis we see this scenario for #UKOIL for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Oil Brent - H4Oil Brent
The ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which could lead to further growth and the 5th wave on W1
The nearest target is at 95.90
What can you expect now?
You can consider entering from current price levels, but reduce the risks. Or wait for the breakdown of the level of 88.90
When opening a position, it is best to exit the position from the level of 83.30, if this scenario does not materialize. You should be careful, since the first wave is impulsive and the correction to this wave may be stronger than it is now.
Targets 92.40 - 94.50 - 95.90 - 97.90
