OilRegarding the USD/Bro movement, it seems that we have reached a crucial point. Stability above $78 will push oil prices towards $93. However, if there is a breakdown and stability below $76, we will observe a decline towards $60.by Northstarsy0
Usd/broRegarding the USD/Bro movement, it seems that we have reached a crucial point. Stability above $78 will push oil prices towards $93. However, if there is a breakdown and stability below $76, we will observe a decline towards $60.by Northstarsy0
Crude - st target 92-96Crude has built the base for a wave (C) to complete circle wave 2. Expect to see a sharp move up to 92-96 zone in Brent. Wouldn't recommend taking longs afterwards.Longby VyazUpdated 224
Oil Big Squeeze is ImmenentShort-Sellers Might Be In For a roller-coster the next sessions. Longby RagingSquirel3
BRTUSD H4: Bullish outlook seen, further upside above 75.50Price is hovering above a key support zone of 75.50 on the H4 timeframe. A throwback to this zone, which is in line with the 78.6% Fibonacci retracement, could present the opportunity to ride the bounce to the resistance zone at 77.50, which coincides with the 61.8% Fibonacci extension level. Price is holding above the Ichimoku cloud and Stochastic RSI is in the oversold region below 20, supporting our bullish bias. Longby T3-Consultancy1
We will never see such prices for European stocks again...European indices have been reddening for several days in a row. European Euro Stoxx 50 fell only -3% from the high, but this is just the beginning of a big drop and I will tell you why. Since the beginning of year, European indices have shown very good growth, which is not entirely supported by fundamental factors. Yesterday, on the channel, I already drew attention to the difficult situation in the German industry (the German economy is already in recession and will only deepen into it), but this did not prevent DAX from updating its historical maximum! It is very strange, because Germany is still famous for its industry, and not for the IT sector... Now the technical picture says that there are serious reasons to believe that the growth in European markets has come to an end. There are serious signs that the French TVC:CAC40 index has reversed. There were large sales in the shares of the leaders. Someone "big" got out of the market. Today the decline continued. Do not forget that inflation in Europe is higher than in the US, which means that the ECB will raise the rate even more and even more choke the economy, which can not stand it now! While in the US they are already talking about a pause in raising the rate. The chances of a return to the highs are melting right before our eyes. TVC:SX5E are doomed to fall… 🔰 My recommendation: If you have European shares - sell them. Then say thank you for saved capital. You can find even more useful analytics in header of my profile 🎩 If you are interested in analysis for other assets - write in the comments which asset you need to see.Shortby Dorado_Crypto1
DeGRAM | UKOIL short opportunityUKOIL market shows divergence, and if the price closes below 78.00 by printing a double top , then we can look for a selling opportunity. If the price breaks and closes below the 77 support level, the market will most likely go down. We anticipate a down trade because the ascending channel is a pullback against the major bearish trend. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM4413
UKOIL LONG 8-20 on daily curling up. i see an up shift coming in oil price cleared POC today. coming off of AVWAP and POC. Sentiment in buy zone. good MACD. entry long, with SL below POC.0Longby Osiris992Updated 1
Brentoilafter a massive drop the trend changes to be bullish after forming ascending triangle then now it's a breakout it's time to buyOby CHARACTOR0
BRENT OIL 4H (it looks to complete the channel)BRENT OIL the movement is positively for today stabilizing above 77.81 will be bullish to get 79.98 already above 77.81 stabilizing under 77.18 will be bearish to get 76.31 pivot price: 77.81 resistance price: 79.98 & 81.40 & 83.58 support price: 76.31 & 75.40 & 72.90 Brent oil will move between 77.81 and 79.98 tendency: Uptrend Longby SroshMayi10
What Will Happen to Brent Crude Oil in the Near Term?Based on daily chart, Brent Crude Oil forming a Pennant Pattern and break above MA20. Besides that, the price movement has forming a higher low on weekly chart.Longby muhammadaniq752
Live Trading Session 219: Trade update for Brent using SMI & VSAIn this live trading session video, we are doing a trade update on the OIL trade that we took earlier using the stretch principle, smart money and volume spread analysis methodology. Main points to take away are to think cumulative and extract the cross transferrable principles to use in your own strategy.07:39by masterthemarkets20107
Live Trading Session 218: Aligning ST principle with VSA(4/5)In this live trading session video, we are looking at the OIL trade and aligning the stretch principle along with the volume spread analysis methodology. We then look at this across the other instruments like S&P 500, GBPUSD,etc to illustrate this powerful cross-transferrable principle that can be applied with any intra-day strategy.06:58by masterthemarkets2010Updated 7
BRENT CRUDE OIL FUNDAMENTAL ANALYSISCrude oil: gaining on lower inventories While the broader macro conditions remained complex as hawkish Fed speak and debt ceiling deadlock weighed, crude oil prices managed to inch higher and start the week on a positive note after heavy selling both in paper and physical market over the last few weeks. Supply side news remain mixed with Russian exports remaining firm while OPEC’s early April production cut is only now starting to be felt. Extreme heat across Asia has ramped up demand for fuel oil to run air conditioning and lights while oil traders will be on alert for comments scheduled later today from Saudi Arabian Energy Minister Prince Abdulaziz bin Salman at the Qatar Economic Forum, especially following the recent jump in short selling by funds to levels seen before the April 2 production cut.Longby thunderpips3
usoil 4 hour buyOver all trend is bearish on the weekly, but we expect a buy before the move downLongby Abz1020
UKOIL Analysis: Brent Crude OilThe looming possibility of a US debt ceiling default has sent shockwaves through the financial markets, triggering a series of events that could impact various assets, including commodities like UKOIL (Brent Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on UKOIL and present a trading strategy based on the current market conditions. Analysis: 1. US Debt Ceiling Default Impact: A US debt ceiling default can have far-reaching consequences on global financial markets. Uncertainty and market volatility often drive investors towards safe-haven assets like commodities, particularly crude oil. As a result, we can anticipate increased demand and a potential price surge for UKOIL. 2. Buy Zone: The suggested buy zone for UKOIL, considering the potential effects of a US debt ceiling default, lies between $73.42 and $65.46. This range indicates the levels at which traders could consider entering long positions, anticipating a bullish price movement. 3. Stop Loss: To manage risk, it is crucial to establish a stop loss level. For this analysis, a suggested stop loss level is $61.53. Traders should set their stop-loss orders below this point to protect against adverse price movements. 4. First Target: The first target for UKOIL, considering the potential rise resulting from a US debt ceiling default, is set at $121.22. This level represents a significant upside potential and serves as an initial profit-taking area. 5. Second Target: In the event of a sustained bullish trend, the analysis suggests that UKOIL could potentially reach new all-time highs. The second target is set at $184.53, reflecting the possibility of an extended price surge beyond previous records. Considering the potential impact of a US debt ceiling default on UKOIL, there is a compelling case for a bullish price movement. The suggested buy zone of $73.42 to $65.46 provides an opportunity for traders to enter long positions, while the $61.53 stop loss helps manage risk. The first target of $121.22 offers a profitable exit point, and the potential for UKOIL to reach new all-time highs, with a second target of $184.53, adds an exciting long-term perspective. Disclaimer: This analysis is based on the assumption of a US debt ceiling default and should be considered speculative. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions. Longby mahmoudbawa112
DeGRAM | UKOIL double topUKOIL was rejected at resistance at 77.00 The price double top after the sell-off. The oil market is pulling back against the bearish trend. We anticipate a breakout of the channel and bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM121215
BRENT CRUDE OIL FUNDAMENTAL ANALYSISOil prices have remained under pressure over the past month, with Brent crude falling 13.6% amid recession fears in the US and weaker-than-expected economic data out of China. Still-elevated Russian exports and the sizable inventory build at the start of this year due to a milder winter in the Northern Hemisphere have also played a role. We now see the Brent price reaching USD 95 a barrel by the end of this year, down from our previous forecast of USD 105/bbl, as we expect Russian oil output to stay at around 9.6 million barrels per day (mbpd) instead of 9mbpd in the second half of this year. However, this means an upside of over 25% from current levels. We still see several main reasons to expect the oil market to be under supplied in coming months: The International Energy Agency sees robust global oil demand. In its latest monthly oil market report published this week, the Paris-based agency raised its forecast for global 2023 oil demand by 100,000bpd to 102mbpd. It also anticipated tighter market balances in the second half of the year, “when demand is expected to eclipse supply by almost 2mbpd.” While our own forecast puts current global demand at around 101mbpd, we see higher demand in June, boosted by the driving season in the US and more oil being used to generate power to cool down buildings in the Middle East. In fact, we expect the oil market to be undersupplied by nearly 1.5mbpd next month. Inventory draws are set to be more visible in the months ahead. The US Department of Energy said earlier this week that it plans to purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, after a record sale last year that pushed the level of the reserve to the lowest since 1983. It remains to be seen whether the tender will be concluded, but we expect to see larger inventory draws as the Northern Hemisphere enters summer while the impact of strategic oil reserve release fades. OPEC+ cuts should tighten the market further amid other supply constraints. The voluntary output cut by nine OPEC+ members this month should continue to tighten the market, while wildfires in Canada’s primary oil-producing province Alberta has forced shutdowns of oil and gas production. Iraq’s total oil exports this month are also likely to be limited amid continued suspension of production in the north. We anticipate oil production will fall back toward 100mbpd in May from around 101mbpd in 1Q23. A tighter market should convince financial investors to return to the oil market, thus supporting prices. So, we maintain our most-preferred rating on oil alongside our positive stance on broad commodities. We continue to advise risk-taking investors to add long exposure via first-generation indexes or longer-dated Brent contracts, or to sell Brent’s downside price risk. We also see value in emerging market energy bonds for an attractive yield pickup versus developed market government and investment grade debt.Longby thunderpips4
UKOIL LONGprice has been trading in a zone for last 2 weeks. (zone marked) let's wait for it to break out of it?Longby Osiris992Updated 3
The latest oil correction log?The decrease in price correction efficiency and the increase in correction time indicate the return of the price trendby Ali_13772
here's my bias on XBRUSDim short on XBR because of the strong H4 resistance we are at and price has been bearish for quite some time now, just riding the wave.Shortby AvryHam1
Brent oil analysis, short-term bullishBrent is building a bullish case for the near term but it is bearish longer term while below weekly trendline resistance.OLong04:35by Ross-J-Burland1