Get started

Brent

TS ❕ BRENT: short to 85.15At the beginning of next week, a slight downward movement is expected immediately to support 85.15, from where the price is likely to continue its upward movement to new highs. SELL scenario: Due to a small rollback to support 85.15, one can open a short position with a small stop loss at the level of 88.65. The target, respectively, of the fall lies at the level of 85.15. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
1
Crude Prices Are Back to 2014Crude prices continue to rally as Brent crude benchmark prices rose to $89.04 per barrel on Wednesday, almost erasing the plunge of crude prices since 2014.  Crude prices rose after Yemen's Houthi group attacked the United Arab Emirates rising fears over further supply tightening. The attack further escalated hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. Many analysts are upgrading their forecast for crude prices. Goldman Sachs expects Brent cured prices to hit $100 per barrel in the third quarter of 2022. Oil producers are lagging behind to satisfy the increasing demand, which also support prices. If we look at crude prices 7-8 years ago, we may see a strong resistance at $94.50-95 per barrel and there are no significant resistance levels before that. U.S. crude inventories traditionally published on Wednesday this week will be released on Thursday as the United States celebrated Martin Luther King Day this Monday. According to the forecast crude inventories may fall by 1.367 million barrels on the previous week making it the eights in a row in terms of falling crude inventories.  Technically speaking the existing upward trend that started December 20 last year has a very steep angle that may mean an easier change of the trend. The support level for crude prices is within $86.40-86.50 per barrel area, and since prices are above this level the upside movement has the upper hand.However, we may soon see a slight correction of Brent crude prices to the $86.40-86.70 area, where the recent October 2020 peak is located. Traders should be cautious to open any buy operations close to the new highs at the markets is seen overheated. To open buy positions it would be wise to use any corrections to the strong support levels.
OLong
by scavoanastasiia
TS ❕ GOLD: trade in rangeAs expected, now the maximum level to which gold can rise is 1827.950. In the future, if the price manages to close in the range of 1813.885 - 1827.950, then further growth can be expected. Otherwise, the direction of the metal will be towards the level of 1800. BUY scenario: This buy deal implies a trade within the range 1813.885 - 1827.950. Therefore, the long is considered strictly from 1813.885 with the target of 1827.950. In this case, the risk/reward ratio of 1/2 and 1/3 is considered. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDLong
by UnknownUnicorn15614419
5
TS ❕ BRENT: above 85$Oil is likely to hold above 85$ in the near future. At the moment, a small downward correction suggests itself, but you should be careful, as the price is moving in a strong uptrend. SELL scenario: A deal to sell is expected after the formation of the third top. This setup will be as confident as possible with the target of 85.15. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
TS ❕ BRENT: test 85.15Oil buyers have done a great job in their favor by closing the week above the level of 85.15. Now one should expect a test of this level, from where you should set the buy priority for yourself. SELL scenario: A rollback to 85.15 is not long in coming, and on Monday you can try to sell accurately. The best option was a candlestick formation at current levels that would indicate short. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
7
TS ❕ GOLD: slight rollback downThe metal is trading in the resistance zone, which may lead to a drop to the level of 1796.684 at the moment. However, this requires the price fixing below the resistance line, or better even below the level of 1813.886. In principle, the price area 1796.684 - 1813.886 disposes to further growth of Gold, but now a rollback downward is possible. SELL scenario: The strongest signal to short is now the price close below the level of 1813.886. The target of the fall is the support level 1796.684. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
OANDA:XAUUSDShort
by UnknownUnicorn15614419
6
TS ❕ CADJPY: under 92.178As a result, the upward impulse for the CADJPY currency pair came up against the resistance level 92.178, which has already manifested itself in history. In the nearest future, the price will most likely be just below this level. BUY scenario: An attractive buying area is located near the support level 91.270. Where can one try to look for points to buy with the target of 92.178. The area is excellent in terms of a good risk/reward ratio. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
4
TS ❕ BRENT: correctionThe oil price is inside the ascending channel and the instrument is now in an uptrend. After correction to support level 82.93 or 80.75, oil has prospects for further growth. SELL scenario: The resistance level 85.15 has confidently kept the price from rising and now a correction to the support level 82.93 is very likely, where the support line of the uptrend channel is located. After small upward pullbacks, one can look for sell entry points. The correction can also last up to the 80.75 level. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
Oil Market Continues on the UpsideOil prices are rising for the fourth consecutive week as Brent crude benchmark prices rose to $83.77 per barrel. The technical picture suggests a further climb of prices which may be pushed by the following factors: 1. Brent crude prices returned to the upward trend that began in April 2020. Prices were below the support level of the trend during the last days of November 2021, but they managed to return above the trend line. 2. Commercial crude stocks in the United States are declining for the seventh consecutive week. According to the American Petroleum Institute (API) crude stocks were down by 1.077 million barrels last week after plummeting by 6.432 million a week before. Official information from the Energy Information Administration (EIA) that will be published on Wednesday may suggest that crude inventories will decline by 1.904 million barrels. Analysts surveyed by Global Platts on average expect crude inventories down by 1.6 million barrels. 3. Federal Reserve (Fed) Chair Jerome Powell said that the Fed could tame inflation without undermining economic growth. The closest resistance for Brent crude prices is at $85-85.30 per barrel with the stronger resistance at $86.70 that was recorded in October 2021. The upside which started on December 20, 2021, is strong, and we may expect Brent crude prices to move to this level. But the overall picture may change if prices slide below the trend line at $81.70-82.00. So, long positions in crude could be seen to be justified if prices go above $81.70 per barrel. Several large investment banks share the “bullish” perspective for crude. Morgan Stanley expects Brent crude prices to reach $90 per barrel by the Q3 2022.
OLong
by scavoanastasiia