For timeframes m5. Detailed levels for buy / sell. On the screenshot below 🠗🠗🠗 ibb.co Hi everyone. My analysis done for my main timeframe m5. I start from higher timeframes D1, H1 and move down to lowest m5. Futures contract for Brent crude , London exchange ICE 12-20 My trading is based on market phases by Wyckoff.
Crude oil prices slipped, as a string of supply disruption which supported prices is subsided now, with bearish headwinds from easing supply blocks in Norway and Libya which opened up the door to potential rise in global oil production to a market facing feeble demand due to pandemic. Energy Operators have restarted their production in Gulf of Mexico after...
+0.62% on Brent🛢 oil. As we can see the ROC swing and the price lying below the Conversion line we can expect the bearish move , however the Golden Cross , strong support and the Base line suggest that in this case the price will bounce! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section!
BRENT OIL TRADING PLAN B1-3 Buy Limit (low to high lot) TP1-3 Take Profit TSL - Overal Trailing Stop Line
The things keep going well for Brent🛢 . Though yesterday there was no post here those who shorted the pair managed to take +1.15%. The ROC swing was denied and the Golden Cross suggest two options for us here : either the sooner test of the resistance or the bounce from the local support and the following test! If you like the idea PLEASE don't forget to hit the...
looking for a strong rebound if oil price recovers before the year end. good luck.
The wave B is a flat and it could be over. Another drop could start soon in wave C to hit the blue box between 35 and 31
Hi friends, brent still work on wave c do not forget to follow me ^^
+2.44% On the last deal with Brent 🛢. The swing at the ROT and crossover at Stochastic provide the bullish signals. Moreover , price could not break the local Support line and the BOUNCE is the most likely scenario! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section!
Easy +3.48 % on Brent Oil🛢alone managed to predict our previous forecast using the basic TA. At the moment we can see the occurred Death Cross and the RSI overbought zone the price most likely to pullback from the Resistance zone. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section!
price looks to have made a continuation flag, i am cautious however as we have rallied hard already this week, but i have taken a postion with a smaller risk
Brent oil At this time, almost the entire market is expected to fall, and Brent oil is likely to fall to a certain level.
Midterm forecast: 46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19.40 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Midterm forecast: 46.50 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. Technical analysis: A peak is formed in daily chart at 44.15 on 09/18/2020, so more losses to support(s) 36.95, 33.80, 19.40 and more depths is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against...
Brent Oil🛢 is moving within the ranging channel. According to the ROT and RSI that provide us with the deep oversold zones suggest that the price is about to bounce from the support zone! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section!