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Brent-wti

Brent - Peace returned to the Middle East?!Brent oil is above EMA200 and EMA50 in the 4-hour time frame and is moving in its upward channel. On the ceiling of the ascending channel, we will look for oil selling positions. In case of a valid break of the $80 range, we can see the continuation of the downward trend. On the other hand, within the demand zone, we can buy with a suitable risk reward. Brent crude oil prices have surpassed $80 per barrel. This price increase continues to be supported by declining U.S. crude oil inventories and uncertainties surrounding Russian oil supplies following new U.S. sanctions. The International Energy Agency (IEA) has stated that the latest U.S. sanctions have the potential to significantly disrupt Russia’s energy exports. These sanctions have blacklisted over one-fifth of the tanker fleet transporting Russian oil. Last week, 160 sanctioned tankers transported over 1.6 million barrels per day of Russian oil in 2024, accounting for approximately 22% of the country’s maritime exports. However, the IEA has maintained its current outlook on Russia’s oil supply and will update it based on future developments. Meanwhile, reports indicate that Israel and Hamas have reached a ceasefire agreement, though Israel’s Prime Minister’s Office stated that details are yet to be finalized. Israeli Prime Minister Benjamin Netanyahu thanked U.S. President-elect Donald Trump for his role in the Gaza agreement and announced plans to meet him in Washington soon. Netanyahu also expressed gratitude to U.S. President Joe Biden for aiding in the hostage agreement. A senior Hamas official confirmed the group’s commitment to the ceasefire proposed by mediators. In the oil market, attention remains focused on uncertainties surrounding Russian oil supply after the announcement of stricter U.S. sanctions. Additionally, declining U.S. crude oil inventories provide further support for prices. According to the Energy Information Administration (EIA), U.S. commercial crude oil inventories fell by 1.96 million barrels last week to under 413 million barrels, the lowest level since March 2022. This decline was primarily due to a decrease in crude oil imports by 304,000 barrels per day and an increase in exports by 1 million barrels per day. In refined products, despite a 1.6% drop in refinery utilization, gasoline and distillate inventories rose by 5.85 million barrels and 3.08 million barrels, respectively. The Colonial Pipeline, which transports about 1.5 million barrels per day of gasoline from the U.S. Gulf Coast to the East Coast, is expected to remain closed until Friday following a leak earlier this week. This has provided limited upward support to gasoline prices. The IEA and OPEC have both released their monthly oil market reports. The IEA warned that new U.S. sanctions on Russia’s energy sector could lead to supply disruptions. Additionally, the agency revised its global oil demand growth forecast upward due to colder weather in the Northern Hemisphere. The IEA estimates that global oil demand in 2024 will increase by 940,000 barrels per day, 90,000 barrels per day higher than the previous estimate. For 2025, demand is expected to grow by 1.05 million barrels per day. OPEC, in its monthly report, maintained its 2025 oil demand growth estimate at 1.45 million barrels per day. For 2026, the group’s initial forecast predicts an increase of 1.43 million barrels per day. OPEC also kept its 2025 supply growth estimate for non-OPEC+ countries unchanged at 1.11 million barrels per day and expects a similar increase for 2026. OPEC’s production in December rose slightly to 26.74 million barrels per day, while overall OPEC+ output fell by 14,000 barrels per day to 40.65 million barrels per day due to reduced production in Kazakhstan. OPEC data indicates that demand for OPEC+ crude in 2025 will reach 42.5 million barrels per day and rise to 42.7 million barrels per day in 2026. Iraq’s Oil Minister Hayan Abdul-Ghani told Reuters that Iraq plans to sign a major oil and gas deal in Kirkuk with BP by early February. He noted that this deal will surpass the scale of the major 2023 agreement with TotalEnergies.
BLACKBULL:BRENTLong
by Ali_PSND
Brent crude oil looks into the abyss: first $36 then $27 Brent oil is in the giant range of $16 and $150 The price is in the decline within the red large leg 2 down. It consists of 2 white smaller legs. Leg ii is in the progress after a small consolidation (blue). The first downward target is at the bottom of red large leg 1 at $36 The next target is located at the equal distance of red large leg 1 in second leg at $27 Saudi Arabia gave up oil target of $100 to increase output. Cooling Chinese economy is also a bearish factor.
ICEEUR:BRN1!Short
by aibek
BRENT. Weekly trading levels 20 - 24.05.2024During the week you can trade from these price levels. Finding the entry point into a transaction and its support is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade. If you expect any medium-term price movements, then most likely they will start from one of the zones. Levels are valid for a week, the date is in the title. Next week I will adjust the levels based on new data and publish a new post. ! Please note that brokers have a difference in quotes, take this into account when trading. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) ---------------------------------------------- I don’t play guess the direction (that’s why there are no directional arrows), but zones (levels) are used for trading. We wait for the zone to approach, watch the reaction, and enter the trade. Levels are drawn based on volumes and data from the CME. They are used as areas of interest for trading. Traded as classic support/resistance levels. We see the reaction to the rebound, we trade the rebound. We see a breakout and continue to trade on a rollback to the level. The worst option is if we revolve around the zone in a flat. Do not reverse the market at every level; if there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. Don't forget to like Rocket and Subscribe!!! Feedback is very important to me!
OANDA:BCOUSD
by Forex_Hoby
BRENT. Levels for intraday trading 15.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
BRENT. Levels for intraday trading 10.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
BRENT. Levels for intraday trading 9.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
BRENT. Levels for intraday trading 8.05.2024During the day you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. If you expect any medium-term price movements, then most likely they will start from one of the zones.Relevant to use as a location for installing TP. Levels are valid throughout the day, the date is in the title. The next morning I adjust the levels based on current data and publish a new post. The history of level development can be seen in my previous posts. They cannot be edited or deleted. Everything is fair. :) --------------------------------------- Levels are drawn before the European session, based on volumes and data from the CME. They are used as zones of interest for intraday trading. When approaching a level, a “reaction” is expected, which can be traded for both a rebound and a breakout. The worst option is if we revolve around the level in a flat. Do not reverse the market at every level. If there is a trend movement, consider it as an opportunity to continue the movement. Until the price has drawn a reversal pattern. TV does not allow publishing timeframes smaller than M15.Reactions to levels and the search for entry points are more convenient to look at M5-M1. Don’t forget to like Rocket and Subscribe!!!
TVC:UKOIL
by Forex_Hoby
Strifor || SILVER-18/04/2024Preferred direction: BUY Comment: Previous trade ideas for silver , where we considered selling, have been cancelled. Today, another strengthening of metals is expected. The buyers' target will, of course, be the local maximum at level 30 . It is best to set the target slightly below this level. As you can see in the chart, we have formed a clear contracting triangle, and volatility has died down. This is a clear sign of an upcoming impulse, which, as we suppose, will be upward. We are considering two scenarios. Scenario №1 is more likely since further weakening of the US dollar (on major currency pairs), which began in the middle of this week, is expected and this should soon also be reflected in metals. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAGUSDLong
by Strifor
3
Strifor || USDCAD-28/02/2024Preferred direction: SELL Comment: Our previous long trading idea for this currency pair has been fully worked out. Today, we are already considering more sell trades, both for the short term and for the medium term. As for the short term, it is better to stick to scenario №1 . This is an intraday trade and nothing more. Scenario №2 is a more medium-term setup, where we expect sales at the level of 1.36000 . Of course, entry is carried out only after the entry point has been formed. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
⚡️Strifor || USDCAD-07/02/2024Preferred direction: SELL Comment: In addition to the euro and pound , the priority for selling the US dollar also applies to other majors . In this case, we will analyze USDCAD . In the medium and short term, the instrument is looking down quite confidently; we do not rule out a potential small rollback upward, but the main mood is, of course, bearish. In this regard, we highlight two main scenarios. Level 1.34000 acts as a target here for both scenarios. Scenario №1 is more about a short-term login attempt, and scenario №2 is more medium-term. Of course, scenario №2 will be more conservative than scenario №1 . One may also consider two scenarios simultaneously using the method of gradually gaining a position. Thank you for like and share your views!
Short
by Strifor
1
⚡️Strifor || USDCAD-23/01/2024Preferred direction: BUY Comment: The shorter-term view for the USDCAD currency pair is directed upward. The US dollar is still strong, and further strengthening is expected this week. The most likely scenario is growth from current levels. Less likely is a retest of the support area at the 1.34000 level. The long target is located at the level of 1.36000 ; considering a target above this level is still risky. Thank you for like and share your views!
Long
by Strifor
1
Brent D1 swing trade bulls 35% buy/hold setup🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress after accumulation near lows, speculative XABCD setup in progress. 🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85, point C (confirmed) at 76.85, point D in progress at 105.30. speculative trade setup with advanced entry reversal at point C. 🔸Recommended strategy for BULLS: buy/hold near market, or buy dips near point C, TP bulls is point D at 105.30, 35% gains potential (unleveraged). swing trade setup, patience required. good luck, traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILLong
by ProjectSyndicate
1
WTI BEARISH OUTLOOKOil prices saw a decline due to skepticism about OPEC+'s output cuts and concerns over growing supply overshadowing potential disruptions in the Middle East. U.S. crude settled 1.4% lower at $73.04 a barrel, and Brent dropped 1.1% to $78.03 a barrel. Despite announcements of output cuts, the lack of confidence in compliance and doubts about measurement methods have cast shadows on the effectiveness of these measures. Geopolitical events, such as attacks in the Red Sea, have revived concerns about potential disruptions to Middle Eastern oil supplies, amplifying market anxieties. Additionally, fears of decreased demand and weak global manufacturing activity in November added pressure on prices. Technical indicators signaled bearish sentiment, indicating possible support levels at $66.78 and a potential rebound around $74.75. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:WTIShort
by legacyFXofficial
CRUDE OIL (WTI): Consolidation & Complete Indecision 🛢️ WTI Crude Oil is consolidating within a range on a daily since the beginning of November. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 80.85 - the upper boundary of the range, I will anticipate a growth to 82.50. Bearish Scenario In case of a breakout of 72.20 support, we may anticipate a bearish movement to 87.35 level. Wait for a breakout, that will give you a strong bullish or bearish confirmation. ❤️Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
1
TradePlus-Fx|BRENT: intraday idea💬 Description: Today, the instrument is at the level of 87.45 and is most likely to prepare for a fall in the more medium term. But here it is necessary to take into account the geopolitical background, which greatly influences oil. Today, an idea is proposed, the time frames of which are within the day. Namely, long for the purpose of local updating of the maximum. The approximate target is the level of 90 . After which, as was said, the price will most likely rush down again, if there are no sharp geopolitical surges on the world stage. 🔔 FX CALENDAR TODAY 🔔 🇺🇸PCE Price index 🇺🇸CPI 🛢US Baker Hughes Total Rig Count ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
TVC:UKOILLong
by TradePlus-Fx
12
TradePlus-Fx|USDCAD: BoC meeting💬 Description: Today, the Central Bank of Canada will announce its decision on interest rates. The rate is expected to remain at the same level. Against this background, we continue to adhere to our previous trading idea for USDCAD , namely to look up (look at the chart) . But most likely, there will be volatility during or after the meeting of the Central Bank of Canada, then the pair is most likely to roll back down. The expected movement is thus depicted on the chart . As a result, the more global target remains the same, and we expect growth to 1.38271 level. 🔔 FX CALENDAR TODAY 🔔 🇺🇸New Home Sales 🇨🇦BoC Interest Rate Decision 🛢Crude Oil Inventories 🇨🇦BOC Press Conference 🇪🇺ECB President Lagarde Speaks 🇺🇸Fed Chair Powell Speaks ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
12