UKOIL - rebounce on support ?oil has been ranging for the past 2 weeks and we can anticipate that price may rebounce from support zone 91.00 area Longby Orkhestra1
Strifor || UKOIL-09/29/2023Preferred direction: SELL Comment: The bearish sentiment for oil still continues. We remind you that our last short trading idea worked 100%. Now the seller’s task is to break through the support zone around level 92. Most likely this will happen in the very near future. The more global target of this sale is, of course, the level of 90.72. Thank you for like and share your views!Shortby Viktor_strifor_analyst10106
OIL Swing Trade Taking a little stab at Oil for the first time. This kind of clean price action is really hard to ignore and not get involdved in. Potential big sell off on the cards if the market resistance level holds. Best of luck on the chartsShortby hamzah_mahmud0
Brent oil in the monthly time frameI see the possibility of price growth more than price correctionLongby NavidBasatzadeh2
UKOIL PRICE ACTIONFollowing the Strong Bullish presensce of UKOIL and commodities in general, it is quite obvious that the price of oil can still rally and it have also shown signs that it is still bullish Price hits the Bullish Ordeblock on the daily timeframe just before taking out the sellside Liquidity and then breaks to the upside on the daily timeframe Price is currently on the 4hr FVG, I want to see price to rally from the FVG and then target the Buyside LiquidityLongby ifeanyichukwu_E117
Brent - H4\D1Brent crude oil The channel is closed and consolidated, which allows us to expect a continuation of the upward movement towards the target of 96.14 (discussed in the previous analysis). What can you expect now? You can consider an entry from a breakdown of the level of 93.27. In the case of a local movement, we can also expect a correction to the levels 92.17 – 91.83 and the opening of a position. When opening a position, it is best to exit the level of 90.23 if this script is not implemented. Targets 93.84 – 95.04 – 96.14Longby Trade_Hive_Signals5
Oil Adoption ChannelPrice is consequence of demand. Demand is consequence of adoption. As more countries transit into industrialize countries, the demand for oil will increase at higher pace than the transition to other energies which requires an infrastructure which countries on transition to industrialize do not haveLongby marianotir1
Brent - release from support.Brent oil is stuck in a narrow corridor, but there is also money to be made here. It looks like the quotes are now moving away from the support level. If the rebound takes place, we will take profits around level 94.by aleksandr_shirin1
Brent Oil (Short Term)BRENT OIL After the strong pullback from 83.53 till reached 95.84 Now can reversed to do a retest till 90.77 So, from 92.91 will drop to 90.77 and then should break it to be bearish trend till 88.16 While trading above 90.77 it has a bullish trend till 94.79 For any reason stabilizing under 90.77 will support falling to 88.20 Pivot Pivot: 92.90 Resistance Price: 94.79 & 96.63 support price: 90.77 & 88.20 Brent oil will move between 92.91 and 90.77 last idea: Shortby SroshMayi11
BRENTThis is my opinion with technical analysis Please respect the following rules: 1- Risk management . 2. Have your own strategy.by sarwar_hassan0
BCO Whipsaw Bias1. BCO could be doing a Whipsaw. 2. Waiting for the correct rank of correction sets up r:r for the motive waves. by shermanchoo0
DeGRAM | UKOIL continuation of trend at weekly lowUKOIL is trading in the descending channel. Even though the market is bullish on the daily chart. The market printed the pinbar at strong resistance. The market is making a pullback on the larger scale of the bullish trend. We anticipate buying opportunity at completion of the AB=CD pattern at 91.00, which is a previously weekly low. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Longby DeGRAM8817
Brent pullbackBuy, buy, and buy... But make it risk free when in profit... ----- About the analyst: Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. After a long while of diplomatic cooperation as an adviser to Barack Obama, and as a veteran; but, finally, unfortunately he got deported from Turkey to Iran. While, in fact, he was praised by Barack Obama in 2014, but they refused to help him to become an American resident, and he never achieved his true right of being a U.S. citizen. Lately, not too much unusual, he was bothered by a group of traitor high ranked officers... And, lately, in fact, he is threatened nowadays by a few groups of international rebellion and unmerciful officers, and several pretty high ranked international officers... And he was confronted to those nasty agents whom their's usual and everyday desire is to sue people because their self (individual) hatred and grudge. Using remote-sensing advancements... But, however, in the country of the residency (in Iran), as a waiver for punishment, fortunately the exit ban penalty omitted about him, by Iranian organizations... And he can leave the country... He holds several certificates of participation, majoring political science and business communications, from the Harvard University and the University of British Columbia.Longby GeraldMann1
Brent - technical profile.Oil has a good chance of rising to new heights. At the moment, there are only two obstacles - resistance levels 94.30 and 96. Both resistance levels could be critical for long-term growth. Support at the moment is level 92. In general, this existing support and resistance will determine further price behavior.by aleksandr_shirin223
Brent went down to the MaintargetHello Traders, a little Swing for buyers to the Target around 92,5. The right way is DOWNTREND, but we sell all together that Oil ca goes a other way, as we think. Watch at the red LINE and trade the reaction to 89 USD in the Next WAVE. I think in September an October we have in the last 20 Year the TOP from the monthly highest prices. The next way 89 ? Down or 96-98 USD, to the big Short.Shortby WhaleWaveSurfer0
BRENT OIL (GOT IT OUR PRICES)BRENT OIL The price reached our target in the last idea as we said. BRENT OIL stabilized at the bullish zone and from there 9479 will touch 96.63 Otherwise for any reason stabilizing under 94.75 will support falling to 92.91 Pivot Pivot: 94.80 Resistance Price: 96.63 & 99.80 support price: 93.23 & 91.00 Brent oil will move between 94.80 and 96.63 LAST IDEA: Longby SroshMayi11
UKOIL - BRENT (Still bullish)BRENT OIL The price reached our target in the last idea as we said. BRENT OIL stabilized at the bullish zone and from there 90.77 will touch 92.91 and above it at 96.45 Otherwise for any reason stabilizing under 90.20 will support falling to 88.16 Pivot Pivot: 90.80 Resistance Price: 92.92 & 96.46 support price: 88.20 & 86.00 Brent oil will move between 90.77 and 94.79 our last idea: Longby SroshMayiUpdated 17
Strifor || UKOIL-09/19/2023Preferred direction: SELL Comment: The last oil trade aimed at a short-term fall (counter-trend movement) successfully closed with a profit. At the moment, a sell setup has also formed, and here most likely the rollback will be deeper. The correction potential lies at the level of 92.50. Thank you for like and share your views!Shortby Viktor_strifor_analyst112
Brent $: abc corrective wave to follow?The price action is at the top of wave 5 out of the Elliott wave analysis. Furthermore, the overbought classification supports the fact of a temporary correction that might be on the table. Might we see a correction unfolding back to this 23.6% Fibonacci retracement? This level is around $89. This level overlaps with the black dotted trendline. Shortby Peet_Serfontein114
brentbrent in monthly show us wants to go up until 96.5 NYSE:C ause of the rsi and ichimoku.Longby houmanparnasa2
A bullish signals for the Petroleum price action!1:-OPEP+ downgraded the petroleum production 2:-USA Strategic Petroleum Reserves are in ATL and will need a refillment 3:- The global production(discounting the European one, which is in a decline) are in growth phase what indicates a growth of consumption of energy 4:-Elliot Waves Theory indicates also an end of the correction A-B-C Longby Fundorin13370
Brent above @$100 might not be a myth !Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking levels of $126 are also on the charts as the commodity is breaking out of a Declining wedge pattern which was in formation from Jul 2022 to Jul 2023 a strong supply side pressure will be giving the commodity due advantage to rise above $100 to $125.65 as we can see.Longby chandakpulkit3
UKOIL Enters Slippery SlopeUnfortunately my last UKOIL prediction didn’t fair too well but using the science of Elliott Wave I think I’ve been able to identify previous mistakes and also a way forward. I expect the $90-$91 range to send UKOIL back to $25 over the next 3 years or so. Based on what news? Who knows. We’ll see when it comes but the chart is always the first indicator :) Shortby DigitalSurfTradingUpdated 4