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Brent \ Oil - AnalysisOil Brent MN - The price has broken through the trend line at 87.51, which may indicate the beginning of an upward movement. W1 - We are observing a retest after the triangular formation and a breakout of the level of 87.51; for the price to move further upward, it is necessary to wait until the price consolidates at this level, which will open up the possibility of moving to the level of 108 - 125 If the price does not fix at the level of 87.51, we can expect a continuation of the downward movement with a target to the 71 price level What can you expect now? When moving up, the nearest target is 99.34 When moving down, the nearest target is 81.64 Long Targets 99.34 - 108.94 - 125.09 Medium term - targets 92.34 - 94.87 - 99.34 Short Targets 81.64 - 76.52 - 71.27 Medium term - targets 85.40 - 83.79 - 79.81
TVC:UKOIL
by Trade_Hive_Signals
Brent - I expect quotes to decline in the short term.Based on the fact that over the past two days there have been two unsuccessful attempts to pass level 91 (it is quite possible now there will be a third attempt), I assume that brent oil will be under pressure in the near future. In all likelihood, at the level of 91, large players closed long positions, and in this case, they probably did not even think about overcoming it. As for the decrease, at first I think we will reach 88.17, and then quite likely to 86.
OANDA:BCOUSD
by aleksandr_shirin
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
BLACKBULL:BRENTLong
by ForexPlanet20
Brent - dubious growth.Everything looks really as if the buyers were going to accelerate to 90, and maybe even higher. But I have some doubts and have not made any purchases yet. I prefer to focus on the classics. And I didn’t see the classic test of the recently completed level. Therefore, I doubted. Of course, it is possible that it will only be in the near future. The probability of a rollback is also indicated by the fact that the technical resistance levels drawn on the chart yesterday noticeably interfere with growth, and it may turn out that the next closing prices will be very close to the first resistance of 89.60 or even below it. Which will be the beginning of a rollback to support around 86.
OANDA:BCOUSD
by aleksandr_shirin
Buy BRENT#BRENT Oil continues its steady growth on expectations of a reduction in supplies from the Russian Federation in September, as well as positive news from China. However, at the moment the price is starting to look a bit overheated and needs to be deflated. Against this background, I am waiting for a suspension and correction in the coming days. Nevertheless, the uptrend is strong, so the plan is to open purchases near the levels of 87 and 86 dollars per barrel with a take profit of 88.50.
SKILLING:XBRUSDLong
by airstels
Brent - a brief overview.Today, I was already expecting some more tangible news on the oil chart. But for now, we can say they are not at all. In the current conditions, I suggest focusing on technical levels: Resistance 3 - 91.77 Resistance 2 - 90.34 Resistance 1 - 89.60 Pivot point - 88.17 - the price is now just above it, and perhaps after its breakdown, we can expect a further decline to the level of 86. Support 1 - 87.43 Support 2 is just at level 86. The test we expect. Support 3 - 85.26.
OANDA:BCOUSD
by aleksandr_shirin
Is Brent going to hit its daily target - Stretch principleThis trade we are looking at on Brent oil is based on the stretch principle. We have entered on the close of the confirmation bar(the one with the dot) according to our smart money framework indicator and our trend alignment with the the higher timeframes. E - 1.2643 SL - 1.2547 T - To be confirmed(TBC) So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1. 7 steps to achieve consistent trading performance www.tradingview.com 2.7 steps for strategy construction www.tradingview.com 3.Stretch principle videos Refer to related ideas links as below
EASYMARKETS:BRTUSDLong
by masterthemarkets2010
2
Oil at the upper boundary of the corridor.Brent oil is the second time in five weeks to the upper limit of the global corridor. Of course, there are quite a number of buyers on the market. And it seems that there are more and more of them, because during these 5 weeks, the forces of buyers released the quotes down very close to the current levels. What can not be said about April 2023, when after the first touch of the level of 86.90, the price immediately went down to 71.50 with almost no tangible pullbacks. Perhaps this time the bulls will succeed. You just need to remember that buying now can carry a high risk. Buying risk content will decrease if the price consolidates above 86.90.
OANDA:BCOUSD
by aleksandr_shirin