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Oil Long Term View: Start of uptrend in Q4 2024, $125+ in 2025Short term potentially in a cup and handle pattern since June 2022, currently in the distribution stage around the bottom. Needs to close above 21M EMA for confirmation. An uptrend can start in Q4 2024, which would get the price to $125+ in 2025. Long term the price seems to be in an uptrend since 2016, if excluding the 2020 outlier. The resistance at 200M EMA seems to have changed into support. Momentum is beginning to increase to the upside, as liquidity and M2 money supply will increase beginning in Q3-Q4 2024.
TVC:UKOILLong
by dumcom
1
Crude Oil / Brent Oil Robbery Plan in Bullish SideMy Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous level Police Force is waiting for our arrival, Market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BLACKBULL:BRENTLong
by Thief_Trader
BRENT. Weekly trading levels 27 - 31.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
OANDA:BCOUSD
by Forex_Hoby
An idea for you tradesHello Everyone I want to say something that might be your strategy or you may criticize me about that but I am sure whoever disagrees with me about it is struggling to get profit in his account. Note: Always and always trade in a chart that is in a weekly trend. I man it does not matter what timeframe you are trading and with what method, it is incredibly vital that chose a trend (Bullish for long positions and Bearish for short positions) and never and ever try to trap yourself in a chart that is ranging in WEKLY TIMEFRAME. There are many reasons for that and I have paid a lot of money to learn it. The first reason is a lot of support/resistance level existing in this area that try to hit your Stops. Second reason is that we should follow the wales in every market and big whales do not waste their time and money for trading in this long term consolidations. Oil is a good example for now and I just want to say, these symbols are not ours and we should chose more profitable ones. This is the most reason that all charts do not move together and liquidity shifts between them. Thanks
TVC:UKOILEducation
by AMA_FX
3
BRENT. Weekly trading levels 20 - 24.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
OANDA:BCOUSD
by Forex_Hoby
Crude Oil Bullish Side Robbery Plan to make moneyMy Dear Robbers / Traders, This is our master plan to Heist Crude Oil based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. There is Two Targets Our target is 1 & 2 Danger Logo and Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
BLACKBULL:BRENT
by Thief_Trader
Brent $: might it be the move this time?Been struggling with the price action. A price action above 83.50 supports a bullish trend direction. Crossing above its 200-day will act as further bullish support. The target price is set at 88.00 (its 23,6% Fibonacci retracement level). The stop-loss is set at 82.00 (its 50% retracement level). A bullish crossover on the MACD (see the lower panel) highlights a change in trend direction to bullish. This crossover is also in oversold territory.
TVC:UKOILLong
by Peet_Serfontein
BRENT. Levels for intraday trading 16.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
Oil in a depressed phaseThe Brent barrel (Brent) this week has cut its price by -1.05% versus -491% on a monthly basis, versus West Texas (LCrude). Crude oil prices rose 32 cents during the American afternoon session for Brent and 31 cents higher for West Texas Intermediate. More subdued inflation, much weaker retail sales, coupled with lower-than-expected U.S. consumer prices in April, triggered a boost in financial market expectations of a September rate cut by the Federal Reserve, which could moderate dollar strength and make oil more affordable for holders of other currencies. Prices have also been affected by the fact that the long-awaited reduction in U.S. crude oil inventories has brought some peace despite the fact that the Middle East conflict continues to reproduce and generate distribution problems. According to data from the Energy Information Administration (EIA), U.S. inventories of crude oil, gasoline and distillates fell, reflected in an increase in refining activity and fuel demand. Inventory figures fell to 2.5 million barrels to 457 million in the week to May 10, versus the 543,000 expected. There have also been possible signs of slowing US inflation and strengthening price-supported demand, as well as we say geopolitical risk in the Strait of Hormuz area remains elevated. In addition to the Russian-Ukrainian conflict that is generating a redistribution and increase in the cost per barrel to Europe. The fact that the news is showing a shortage may simply be a rash of geopolitical risk and failed negotiations between OPEC (Organization of the Petroleum Exporting Countries) and Russia. Both Russia and Saudi Arabia have reduced their production volumes. One of the reasons is purely geopolitical but the more important reason is purely economic, the world economy remains weak and with it the demand for oil. The world's leading economy is on the borderline of a coma to go into recession, and although the second largest economy, China, is growing in GDP, it does not mean that it will have the same dynamism as before 2020. This depresses the outlook for demand and therefore the price. Looking at the chart, it can be seen that the support zone of Brent barrel is located at $71.47 and the resistance to be overcome is located at $95.12. The constant fall in the price has been gradual, so we may continue to see a decline towards the long term support in the coming weeks if the geo-economic picture does not change much. Ion Jauregui - Analista AT ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:BRENTShort
by ActivTrades
Black Gold Judgment Says Huge Challenge Is Just One Step AheadGlobal shares rose while the dollar retreated on Wednesday, after a hot reading of U.S. wholesale inflation set a nervous tone for trading before a consumer price report that could prove decisive about when the Federal Reserve cuts interest rates. The frenzy in so-called meme stocks entered a third day, with shares in AMC and GameStop soaring by more than 25% at one point in premarket trading before retracing some of those gains. Price action was more subdued as investors were reluctant to push any market too aggressively one way or another ahead of the monthly U.S. consumer price index later in the day. The boom has drawn parallels with the meme-stock craze that gripped markets in early 2021, where retail traders, using trading platforms and social media investment advice pumped up the value of stocks that many large investors had bet heavily against. Technical graph for Brent crude oil says, right here is a similar challenge like in 2021.
TVC:UKOIL
by Pandorra
BRENT. Levels for intraday trading 15.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
Brent Retreats Below 200MA Ahead of Key ReportsWith OPEC's Oil Market Report set for release on Tuesday and the International Energy Agency's Oil Market Report on Wednesday, volatility looms over crude prices this week. Let's delve into the technical landscape of Brent Crude, the international oil benchmark, as we approach these pivotal reports. Brent Technical Outlook: Retracement Channel in Focus After reaching six-month highs in early April, Brent crude has eased off in recent weeks. Driving factors behind this pullback include the increasing likelihood of higher-for-longer US interest rates, and a subtle easing of tensions in the Middle East The price action during this retreat has formed an orderly retracement channel for Brent crude, marked by a sequence of lower swing highs and lower swing lows on the daily candle chart. This retracement has pushed prices below the 200-day simple moving average, which has maintained a sideways trajectory since September 2023, coinciding with the formation of a long-term wedge pattern in the market. Brent bears are now eyeing a potential retest of the wedge pattern's lower boundary. However, Brent crude currently finds support at two levels - the 50% Fibonacci retracement level of the December-April rally and the volume-weighted average price (VWAP) anchored to the December lows. Brent bulls are hopeful that these combined support levels might serve as a foundation for a price recovery. Brent Crude Daily Candle Chart Past performance is not a reliable indicator of future results Pre-Event Trade Plan The impending oil market reports could trigger significant trade opportunities. Bullish Scenario: A breakout above the descending retracement channel, followed by a close above, could pave the way for a retest of April's highs. Bearish Scenario: A breakdown below the anchored VWAP might increase the likelihood of revisiting the lower boundary of the long-term wedge pattern. Risk Management: Traders can utilise Brent Crude's Average True Range (ATR), currently standing at $1.63, to gauge daily price volatility. This information should guide decisions regarding stop placement and price targets. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.84% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
CAPITALCOM:OIL_BRENT
by Capitalcom