Direction: Upward above 65.65, Target: 67.60 and 71.40, Stop line: under 65.50
On 4H & 1D Direction: Upward above 63.14 Target: 65.00 and 67.60 Stop line: under 61.70
Traders, watch out for this complex head and shoulders patter on UKOIL (Brent). This is inline with the analysis that I posted few days ago. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other...
Evidence of a head and shoulders pattern forming. Already developed shoulder and a head structure. Using FIB Retracement, designed a the first bottom that will decide the supporting line for the price in May 2021
Brent oil is slowing down gradually, and if it breaks the lower channel of the bearish wedge, "black gold" will likely target 62 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Hello everyone, if you like the idea, do not forget to support with a like and follow. BRENT OIL is approaching strong resistance and supply from Weekly (68-70) so we will be looking for sell setups on lower timeframes. on H4: BRENT OIL is forming a channel in red, but the lower red trendline is not valid yet, so we will be waiting for a third swing low to...
Oil prices have enjoyed a remarkable rally over the last four months as the world has gone from entering the most severe wave of Covid-19 to rolling out vaccines and planning its final exit from the restrictions. Efforts by OPEC+ have been key to this, including the surprise one million barrel cut from Saudi Arabia earlier in the year, which confirmed the group...
On 1H & 4H Direction: Upward above 63.14 Target: 65.00 and 67.60 Stop line: under yellow zone
Hi everyone. Just another risky idea about market trend. Indicators demonstrates a nearest bull trend - we will see it soon. My graph shows a several dinamic ways of next brent trading. The unreal predict to me stays on 1 way of stability growthing. Second way shows another impossible way in my prediction. My opinion - the possible of dinamic is 3-4-5 way and much...
Midterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 64.83 on 02/18/2021, so more losses to support(s) 58.65 and minimum to Major Support (54.40) is expected. Price is...
Midterm forecast: 54.40 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 64.83 on 02/18/2021, so more losses to support(s) 58.65 and minimum to Major Support (54.40) is expected. Price is...
☑️Crude Oil broke out of the local rising trendline And is trading in a head and shoulders pattern With an ascending neckline which stands above minor horizontal support I am bearish biased and I am waiting for the support cluster to break With an aim of going short on pullback with 3 targets in sight! SHORT↘️ ✅Like and subscribe to never miss a new idea!✅
We're in an important resistance. I have 3 TPs, follow the SL in weekly close.
On 1H & 4H Direction: Upward above 63.14 Target: 65.00 and 67.60 Stop line: under yellow zone ------------------ my last idea about brent oil on 14Feb:
WEST TEXAS INTERMEDIATE Fundamental Perspective - Oil's bullish rally has been primarily driven by succesful moves from OPEC and its allies, combined with an overenthusiastic market that could be getting ahead of itself. Vaccination programs and efforts are being implemented on a global( ish ) scale, but we are still very far from a global economic revcovery, or...