Brent Oil H1 | Potential bounce off a multi-swing-low supportBrent Oil (UKOILSPOT) is falling towards multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 64.42 which is multi-swing-low support that aligns with the 78.6% Fibonacci retracement.
Stop loss is at 63.70 which is a level that lies underneath a pullb
XBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month HighXBR/USD Chart Analysis: Brent Crude Reaches 1.5-Month High
In our analysis of Brent crude oil six days ago, we identified a large contracting triangle and a local ascending channel. We also outlined a potential scenario involving a bullish breakout above the upper boundary of the triangle.
Althou
Brent intra-day Analysis 04-Jun-25Explaining the reasons for Oil gapping up during this weekly open, in addition to going over the possible scenarios we could have for the upcoming sessions.
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Brent crude oil Wave Analysis – 10 June 2025
- Brent crude oil reversed from key resistance level 67.80
- Likely to fall to support level 64.60.
Brent crude oil recently reversed down from the resistance area between the key resistance level 67.80 (which stopped wave (2) in the middle of April), upper daily Bollinger Band and the 61.8% Fibon
Crude Climbs Back to Key Resistance ZoneOil is back at a key level. After a two-legged recovery from May’s lows, Brent crude is now pushing into a heavy resistance zone that traders will be watching closely. Let’s take a look at what’s driving the move and why this area could matter.
Production Lags Behind the Promise
OPEC’s product
Elliot Wave 3 advance just starting in Brent Crude - Target $255Have tried to show and explain my analysis with the written annotation on the chart but, in short, I believe we are witnessing the start of a Wave 3 advance in Brent Crude with a target price of $255.
Just about every other commodity i look at are showing similar indications of major advances just
XBR/USD Chart Analysis: Oil Price Rises to Key ResistanceXBR/USD Chart Analysis: Oil Price Rises to Key Resistance
Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week.
According to media reports, several bullish factors are driving this move:
→ Stalled negotiations between the US and Iran over abandoning Iran’s n
Crude oil surges despite OPEC supply hike: breakout coming?Crude oil prices jumped over 3.5% from Friday’s low, even as OPEC announced a major supply increase of 411,000 barrels per day starting July. The market expected more, and when that didn’t happen, prices bounced. Technically, oil remains in a triangle pattern, but signs of a breakout are emerging. I
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Displays a symbol's price movements over previous years to identify recurring trends.