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U.S. DOLLAR / BRENT CRUDE OILU.S. DOLLAR / BRENT CRUDE OILU.S. DOLLAR / BRENT CRUDE OIL

U.S. DOLLAR / BRENT CRUDE OIL

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USDBRO trade ideas

Crude Oil: Planning Strategies Today Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows: Crude oil 90 and 91.50 are long respectively. Crude oil is short at 95.0 and 95.6 respectively.
TVC:UKOILLong
by Dylan-Jones
UK Brent Oil 4H : failure to stable at the bullish channelUK BRENT OIL New forecast The price of Brent crude oil contracts was not able to hold for long above the support of the ascending channel, trading negatively and heading towards a possible test of the pivotal support 89.55. The conflict between technical factors makes us prefer to remain neutral until we get a clearer signal for the next trend, noting that breaking support 89.55 is the key to resuming the downward correction and achieving negative targets starting at 88.38 and extending to 86.93 in the near term .but if price failure to breach the support 89.55 and stabilized under it then the price will try to rise up and start a correction to 91.00. The expected trading range for today is between support 89.55 and resistance 91.00 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 89.55 , 88.38 resistance line : 91.00 , 92.52 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOIL
by Arazmajeed
4
On Factors Influencing the Price of Oil: Biden, Israel, VenezuelPushing off the lower boundary of the ascending channel, the price of Brent oil rose by more than 8% amid fears of an escalation of conflict in the Middle East, which should pose a problem both for the US economy, which suffers from high inflation, and for President Biden personally on the eve of the elections. The situation is aggravated by the fact that oil reserves in US strategic storage facilities are near minimums since 2014. That is why: → it can be assumed that the goal of containing the rise in oil prices was one of the motives for Biden’s visit to Israel on Wednesday. It is expected that the price of oil may be affected by Biden's speech from the Oval Office, scheduled for Thursday evening 20:00 ET (or Friday night at 03:00 GMT+3); → the United States has eased sanctions against Venezuela, which has the largest oil reserves in the world. From a technical analysis perspective, a rally from the October lows (B) after a decline from the September highs (A) may confirm that important divergent drivers are battling in the market. The Brent crude oil chart shows that: → resistance is provided by the median line of the ascending channel; → resistance is also observed from the level of USD 91, which served as support in September; → the presence of selling pressure is also evidenced by the long upper shadow on yesterday’s candle. However, will the resistance be able to hold out if the situation in the Middle East, which provides a third of world oil consumption, continues to escalate? According to Bloomberg, there are concerns that Israel's expected ground offensive on the Gaza Strip could provoke a more aggressive response from Iran-backed Hezbollah in southern Lebanon and perhaps from Tehran itself. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
Oil: Bullish Momentum Continues on Supply Disruption ConcernsTechnical Analysis 15-minute chart: On the 15-minute chart, Brent oil is currently trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. This suggests that the bulls are in control and that the price is likely to continue to rise in the near term. 4-hour chart: On the 4-hour chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. However, the RSI indicator is nearing overbought territory, which suggests that a pullback may be due in the near term. Daily chart: On the daily chart, Brent oil is also trading in a bullish uptrend. The price is above the 20-period and 50-period moving averages, and the MACD indicator is above its signal line. The RSI indicator is also in neutral territory, which suggests that there is no overbought or oversold condition. Overall, the technical analysis suggests that Brent oil is likely to continue to rise in the near term. However, investors should be aware of the potential for a pullback if the RSI indicator enters overbought territory. Trading Strategy Traders who are bullish on Brent oil could consider buying the dips. A stop loss could be placed below the 20-period moving average, and a take profit target could be placed at the next resistance level. Traders who are bearish on Brent oil could consider shorting the rallies. A stop loss could be placed above the 20-period moving average, and a take profit target could be placed at the next support level. I hope this post is helpful. If you agree with the idea, please follow and share this with others too. This analysis is based on the information at the date it is posted. This analysis does not represent professional and/or financial advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content found on this profile before making any decisions based on such information. Any feedback is encouraged and appreciated. Thank you and have a nice day!
CAPITALCOM:OIL_BRENTLong
by YExplore
TradePlus-Fx|BRENT: now on sell💬 Description: Oil remains one of the most interesting instruments at the moment, which is due to the aggravated geopolitical background. Metals are the same story. In our previous trading idea for oil, we assumed entering a long position with the goal of reaching level 91 . This happened, but the main idea and the more promising one - sell. At the moment, a good context has been formed to enter the short, as we need. One can consider a dynamic set of positions, since a false breakout upward cannot be ruled out, after which the price will fall even more rapidly. The target of the trade is located at the gap formation level, that is, at level 85 . 🔔 FX CALENDAR TODAY 🔔 🇪🇺Trade Balance 🇺🇸NY Empire State Manufacturing Index 🇺🇸Federal Budget Balance ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
TVC:UKOILShort
by TradePlus-Fx
13
UK Brent Oil 4h : support further rise UK BRENT OIL New forecast The price perfectly fulfills my last idea. Brent crude futures price trades rebounded downward after failing to overcome the resistance that was formed at the previously broken support of the main ascending channel at 91.01, putting pressure on the 89.52 level and moving above it now, which pushes the price to return to the upward path again, on its way to achieving positivity goals starting at 91.01 and extending. To 92.52 after breaking the previous level. Therefore, we expect to witness further rise during the coming sessions, noting that breaching 89.52 and holding below it will push the price to losses again, starting with testing the 88.36 areas. The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 89.52 , 88.36 resistance line : 91.00 , 92.52 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILLong
by Arazmajeed
6
UK Brent Oil 4H : head to our second goal UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our first target + 60 pip and waiting for second target . The price of Brent crude oil contracts was able to touch our first positive, expected target at 91.00, and attempts are being made to return to the main ascending channel, heading towards achieving more expected gains in the immediate and short term, on its way to visiting levels of 92.52 and then 94.00 as next positive stations. Therefore, we expect the upward trend to continue during the coming sessions, keeping in mind that stability above 88.36 represents an important condition for achieving the proposed goals, so now its possible to formed a correction to near 88.36 and then rise up . The expected trading range for today is between support 88.36 and resistance 91.00 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 89.52 , 88.36 resistance line : 91.00 , 92.52 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILLong
by Arazmajeed
4
UKOIL/CRUDE OIL - PUMP to 184$\5555In this tutorial idea, I have shown a custom numerological fib that can work as a support, resistance and buffer zone for local and global trend reversal. Also Gann, which indicates reversals in the trend and all this together can be used for both global and local work. Also we see that exactly from the high we have had 5555 days for the strong decline that is happening right now, I expect a test of the buffer zone and strong support at 0.444 fibs and a reversal up. Often, if they want to make a massive dump and trend reversal, a deep call is made behind 0.333 fib and even a possible test of 0.222 fib and after a strong decline, this did not happen, we gently touched 0.333 on day 5555 and flew down. Nothing more than a local knockout and liquidity gathering before the flight due to the complicated geopolitical situation.
TVC:UKOIL
by FTT_TRADER369
1
UK Brent Oil 4H : try to rise up UK BRENT OIL New forecast The price perfectly fulfills my last idea and price reached to our target +144 pip . The price of Brent crude oil contracts achieved a strong breach to the level of 88.36 to reach the pivotal resistance level of 89.52 now, stopping the negative scenario and heading towards returning to the main bullish trend, noting that breaching the aforementioned resistance will push the price to achieve further gains that reach 91.01 and then 92.52. Therefore, we expect to witness more upward bias during the coming sessions unless the 88.36 level is broken and holds below it. The expected trading range for today is between support 88.36 and resistance 89.52 until breaching one of them . Additionally ,Today News will affect the market . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 88.36 , 86.93 resistance line : 89.52 , 91.01 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILLong
by Arazmajeed
Brent Oil Short Trade Consideration(1)We are looking at Brent oil for a potential short trade only if the following occurs: 1.Wait for Daily bottom to confirm 2.Then for top to confirm before taking shorts till Weekly Confirmation Bar low is taken out at 83.46 **We will only be considering this short trade for a very small period as Weekly is in Uptrend** We will be tracking this move and updating the post as we go along on the charts and on video. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1.Trader Starter Pack 5 day video course Look on our channel profile or at our signature section to access it 2.7 steps to achieve consistent trading performance www.tradingview.com 3.7 steps for strategy construction www.tradingview.com Refn weekly Image
EASYMARKETS:BRTUSDShort
by masterthemarkets2010
Oil Brent - H4Oil Brent *Updating the idea and how to act* Long - ABC correction structure has come to an end - You can observe an impulse rebound after the fall, which can lead to further growth and the 5th wave on W1 The nearest target is at 95.90 This scenario is best used to exit the triangular formation on H4 when the level of 87.85 is broken - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 85.09 Short - If the price does not continue to move upward, and this was a full-fledged reversal, in the continuation of the 5th wave on D1, the nearest targets will be at the level of 74.30 In this scenario, you can consider selling from the level of 85.09 - with the cancellation of this movement and without increasing risks if the breakout turns out to be false at the level of 87.85. What to expect now? Waiting for the breakout of the level for Long - 87.85, local target 95.90 - 98.10 When opening a position, it is best to exit the position from the level of 85.09, if this scenario does not materialize. Waiting for the breakout of the level for Short - 85.09, local target 77.77 - 74.30 When opening a position, it is best to exit the position from the level of 87.85, if this scenario does not materialize. Long Targets 90.17 - 92.49 - 94.63 - 98.10 Short Targets 82.28 - 79.30 - 77.77 - 74.30
TVC:UKOIL
by Trade_Hive_Signals
UK Brent Oil 4H : under 86.93 will drop again UK Brent Oil New forecast The price of Brent crude futures succeeded in achieving +100 and rebounded from the 85.26 areas, and begins the day with a rise again to test the 86.93 level and attempt to hold below it, which supports the continuation of the bearish trend’s dominance during the coming sessions, paving the way for visiting the next correction level, which reaches 85.32 and 84.69. From here, we await further expected decline in the immediate and short term, keeping in mind that breaching and stabilized above 86.93 will push the price to attempt to build an ascending wave whose targets begin at 88.36. The expected trading range for today is between support 85.32 and resistance 86.93 until breaching one of them . Additionally ,Today News will affect the market . support line : 85.32 , 84.69 resistance line : 86.93 , 88.36 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:UKOILShort
by Arazmajeed
2