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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

Brent, Technical AnalysisThe uptrend for Brent (UKOIL) remains clearly active for the moment although consolidation in the next few days seems favourable. ATR is very low around $1.65 and hasn’t picked up from summer’s lull, while the slow stochastic at 91 is in the zone of buying saturation. The upper band of Bollinger Bands (50, 0, 2) might continue to function as a dynamic resistance into next week. For a new buyer here, finding an entry might be challenging because it’s not clear when a significant retracement might occur or what its extent might be. The 161.8% monthly Fibonacci extension based on 2020’s crash seems to have been broken for now, but waiting for the moving averages to catch up would traditionally be seen as sensible. Buy limits might be an option around the penultimate high slightly above $87. However, American inflation coming up on Wednesday 13 September at 12.30 GMT is a key release for how it’s likely to drive the dollar. Equally, traders will analyse the IEA’s monthly oil market report due the same day at 8.00 GMT. Finally next week among major releases there’s Chinese industrial production for August early on Friday 15 September at 2.00 GMT. If that misses the consensus of 4%, there might be some downward pressure and possible opportunities to sell in the short term or find a place to buy looking further ahead. One should also remember the possibility of a gap over the weekend and check regular stock data from the USA.
TVC:UKOIL
by Exness_Official
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
TVC:UKOILLong
by ForexPlanet20
Brent \ Oil - AnalysisOil Brent MN - The price has broken through the trend line at 87.51, which may indicate the beginning of an upward movement. W1 - We are observing a retest after the triangular formation and a breakout of the level of 87.51; for the price to move further upward, it is necessary to wait until the price consolidates at this level, which will open up the possibility of moving to the level of 108 - 125 If the price does not fix at the level of 87.51, we can expect a continuation of the downward movement with a target to the 71 price level What can you expect now? When moving up, the nearest target is 99.34 When moving down, the nearest target is 81.64 Long Targets 99.34 - 108.94 - 125.09 Medium term - targets 92.34 - 94.87 - 99.34 Short Targets 81.64 - 76.52 - 71.27 Medium term - targets 85.40 - 83.79 - 79.81
TVC:UKOIL
by Trade_Hive_Signals
Brent - I expect quotes to decline in the short term.Based on the fact that over the past two days there have been two unsuccessful attempts to pass level 91 (it is quite possible now there will be a third attempt), I assume that brent oil will be under pressure in the near future. In all likelihood, at the level of 91, large players closed long positions, and in this case, they probably did not even think about overcoming it. As for the decrease, at first I think we will reach 88.17, and then quite likely to 86.
OANDA:BCOUSD
by aleksandr_shirin
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
BLACKBULL:BRENTLong
by ForexPlanet20
Brent - dubious growth.Everything looks really as if the buyers were going to accelerate to 90, and maybe even higher. But I have some doubts and have not made any purchases yet. I prefer to focus on the classics. And I didn’t see the classic test of the recently completed level. Therefore, I doubted. Of course, it is possible that it will only be in the near future. The probability of a rollback is also indicated by the fact that the technical resistance levels drawn on the chart yesterday noticeably interfere with growth, and it may turn out that the next closing prices will be very close to the first resistance of 89.60 or even below it. Which will be the beginning of a rollback to support around 86.
OANDA:BCOUSD
by aleksandr_shirin
Buy BRENT#BRENT Oil continues its steady growth on expectations of a reduction in supplies from the Russian Federation in September, as well as positive news from China. However, at the moment the price is starting to look a bit overheated and needs to be deflated. Against this background, I am waiting for a suspension and correction in the coming days. Nevertheless, the uptrend is strong, so the plan is to open purchases near the levels of 87 and 86 dollars per barrel with a take profit of 88.50.
SKILLING:XBRUSDLong
by airstels
Brent - a brief overview.Today, I was already expecting some more tangible news on the oil chart. But for now, we can say they are not at all. In the current conditions, I suggest focusing on technical levels: Resistance 3 - 91.77 Resistance 2 - 90.34 Resistance 1 - 89.60 Pivot point - 88.17 - the price is now just above it, and perhaps after its breakdown, we can expect a further decline to the level of 86. Support 1 - 87.43 Support 2 is just at level 86. The test we expect. Support 3 - 85.26.
OANDA:BCOUSD
by aleksandr_shirin
Is Brent going to hit its daily target - Stretch principleThis trade we are looking at on Brent oil is based on the stretch principle. We have entered on the close of the confirmation bar(the one with the dot) according to our smart money framework indicator and our trend alignment with the the higher timeframes. E - 1.2643 SL - 1.2547 T - To be confirmed(TBC) So far,it is going in our favour as it has taken out the upper stretch line which gives the bigger range from open(BRO) a higher probability to form in that direction. We will be tracking this move and managing it as we go along. Keep a look out for it traders. To understand our ideas and videos better,we highly recommend watching our following stream videos: 1. 7 steps to achieve consistent trading performance www.tradingview.com 2.7 steps for strategy construction www.tradingview.com 3.Stretch principle videos Refer to related ideas links as below
EASYMARKETS:BRTUSDLong
by masterthemarkets2010
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