UKOIL LongLooking to go long at the break and hold of 83.28.
better if price dips to the zone 82.80 - 82.60 and gets absorbed there
USDBRO trade ideas
Oil BreakoutOil had an accumulation phase and now in consolidating at the edge of the box; i would wait for a nice bullish candle to enter but cannot deny the bullish dominance on this chart
Oil looking poised for a break outWait for the formation to break before making any trades. That said, it does look like Oil is setting up to trade higher. Maybe as high as the recent swing highs?
BRENT - Interesting buy zone!Hello everyone!
we're turning bullish on BRENT!
- Here's my view on BRENT :
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.ù
stay cautious.
That's why I see GOLD rebounding in the zone and dropping!
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UKOIL BRent GO TO 86.10 🎯After some OPEC Plus countries continued to extend the decline in oil production for an additional month, we expect Brent crude oil to continue the upward trend and begin to rebound from 82.40 all the way to 86.10.
Good luck
BRENT - Interesting buy zone!Hello everyone!
we're turning bullish on BRENT!
- Here's my view on BRENT :
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.ù
stay cautious.
That's why I see GOLD rebounding in the zone and dropping!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
Brent (ICE) may fall to 81.80 - 82.30Pivot
83.10
Our preference
Short positions below 83.10 with targets at 82.30 & 81.80 in extension.
Alternative scenario
Above 83.10 look for further upside with 83.60 & 84.00 as targets.
Comment
As long as the resistance at 83.10 is not surpassed, the risk of the break below 82.30 remains high.
Supports and resistances
84.00
83.60
83.10
82.74 Last
82.30
81.80
81.50
Number of asterisks represents the strength of support and resistance levels.
DeGRAM | UKOIL pullback tradeUKOIL reached resistance, and it pulled back from it.
The market is trading in the ascending channel, indicating the bears are running out of steam and the bulls are in control.
Price broke and closed above the resistance at 83.00.
We expect bullish move.
-------------------
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UKOIL 01.03.2024
UKOIL
Oil continues to fall amid concerns about demand and interest rates in America
The latest data confirms that US interest rates will not be reduced in March
This is negative for oil, with concerns about the demand for oil and also the cessation of the war
Between Israel and Hamas and entering into a truce at the beginning of March
Brent is on FIRE! New Bullish Momentum or Pullback?In this morning's Asian market hours, optimism about a possible interest rate cut by mid-year boosted the market sharply causing it to start unexpectedly strong, especially the oil market, including both West Texas and Brent crude oil in a tremendous price rally. Brent futures experienced a notable increase. At the start of the European session, an increase in expectations was also observed, resulting in a rise in European stocks. In a matter of hours, the price of a barrel of Brent rose from $81.64 to $82.91. The rise in Asian hours in Brent and West Texas futures contracts expiring in May was 0.4% and 0.3% respectively, being at the European opening of more than 1%.
German conflicts to receive supply with the active NordStream line may especially affect chemicals, gas derivatives and European oil prices added to the ukranian conflict. In addition, economic data from several Eurozone countries such as Italy, Spain, Portugal, Ireland, and later at the American opening, manufacturing PMIs from the United States and Canada, may have a significant impact on oil prices.
From a technical standpoint, it is unlikely that we will see the $135 per barrel seen in 2022 again in the near term. However, it is possible that the falling range has reached its low around the $71.47 seen in December, and could head towards $95.12 if the current uptrend continues. The RSI indicates an oversold level of 62.6%, which suggests that there is still room for the trend to continue, although the RSI average system marks us a value of 53.03% which is basically a strong irregularity in demand. If we look at the crosses of averages, they show us an opening that could lead to a strong move that is yet to develop.
Ion Jauregui - AT Analyst
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BRENT - Interesting sell zone!Hello everyone!
The plan is still in effect; I've taken a second entry!
- Here's my view on BRENT:
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious.
That's why I see BRENT drop in the zone and bumping!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
UKOIL BRENT DOWNUKOIL
Oil continues to fall amid concerns about demand and interest rates in America
The latest data confirms that US interest rates will not be reduced in March
This is negative for oil, with concerns about the demand for oil and also the cessation of the war
Between Israel and Hamas and entering into a truce at the beginning of March
We expect the downward trend for oil to continue
Selling will be in the 82.30 to 83.00 area
The targets are 80.80 and 79.80
UKOIL Brent 28.02.2024please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
BRENT - Interesting sell zone!Hello everyone!
The plan is still in effect; I've taken a second entry!
- Here's my view on BRENT:
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious.
That's why I see BRENT drop in the zone and bumping!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
UKOIL BRENT 27.02.2024please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
BRENT - Interesting sell zone!Hello everyone!
The plan is still in effect; I've taken a second entry!
- Here's my view on BRENT:
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious.
That's why I see BRENT drop in the zone and bumping!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
UKOIL LONGso I have been studying historical profiles and I have been observing quite interesting stuff there. refer the chart attached - inside it I have pasted same UKOIL profile from Q1 of 2018. almost similar profiles and movement there. there too fresh week's price opened out of value and pushed up, didn't pullback. this week same thing happened. so if this is to continue, I believe the price today will not pullback to my intended level and will keep on to the long side.
I have planned for this scenario. if price is to hold above 82.99, I will look for long entry. I will not risk anything on it as it is something that I am still testing out. I will however mark this up and journal it.
UKOIL LONG3 potential areas of interest on oil today where I will look for price to get absorbed. if it does - i will look to go long.
from weakest to strongest price levels -
1. 82.03
2. 81.76
3. 81.32 (strongest)
ukoil 8 hour short from resistance tp 72/74 usd🔸Hey guys, today let's review the 8 hour chart for UK oil . Any upside is
limited by strong overhead resistances, currently weak bounce in progress,
however most likely bears will take over from overhead.
🔸Strong resistances will cap upside at 84.00 usd / 86.00 usd. right now
locked in tight trading range, however expecting final pump to trigger overhead
stop losses before reversal and subsequent sell off event.
🔸Recommended strategy for BEARS: wait for the final pump before short selling
from strong overhead resistances at 84.00 and 86.00 SL fixes at 88.00 usd, TP1
bears is 76 usd TP2 bears is 72 usd. swing trade setup, patience required. good luck!
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Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Crude Oil: Fabulous EntryAnother downtrend break, I don't think it will take more than 12 months to get to 120, it could be much less. Still better off buying spot or ATM Calls.
Oil is sitting just above monthly pivot, I think a stop at the monthly low, $77.80, is best, but a very conservative trader could probably get away with Long TP 120, SL at $80.50.
BRENT - Interesting sell zone!Hello everyone!
The plan is still in effect; I've taken a second entry!
- Here's my view on BRENT:
- We have liquidity.
- We have an interesting zone.
- We have the optimal Fibonacci.
- We have accumulation before/on the zone.
- We are with the trend.
Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious.
That's why I see BRENT drop in the zone and bumping!
🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
UKOIL OUTLOOKUKOIL FEB WEEK 5 OUTLOOKG -
Daily - I am still long bias on oil. if it does pullback, I will not get involved in shorts this week. I will see how it plays out. significant zones to look for absorption are
80.10 - 79.43
78.63 - 77.48
Origin -looking weak here too. if price fails to hold above 80.87 - 80.77 here, next level of support comes down to 78.54 - 79.26. but if for some reason oil does pull up from here and is able to hold the zone 82.98 - 82.66 (low probability) then I will look to enter quick long entries.
