Analysis and odds: - Downtrend broken - SMA500 (strong resistant) is turned support - If 1h candle close above 27.84 I'm expecting PA moves to 30.6
With Brent oil weekly candlestick providing inside-bar, UKOIL may rise towards 36 in the next coming weeks. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Brent downside should be done by now, or else all hell break loose.
I see no reason to short oil. The decision area for me is about $ 23 per barrel, I focus on my broker quotes. I believe that a recession awaits the economy, but we are now closer to the moment of exit from the lockdown and the probability of an increase in oil demand is higher. Asian countries are beginning to come into normal operation, and for them, buying...
Brent detailing complex 1 wave and irregular 2 wave Regards, Team Traders "PowerfulTraders"
I think UK oil has more room to the downside going long term as price is still in a very bearish channel. Disclaimer: This is only an idea and should not be taken as a trading signal.
UKOIL is on corrective wave the lower timeframe and may possibly test the bullish order candle below 20 in the next coming days. Any bull rejection here will be a good sign for the commodity to commence another upside movement. If there is no rejection, then price may likely drag to 18. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk...
I changed my position on USO. I think it's going below last low and headed for a double-dip. Big institutional players always want to take price to the next best liquidity and to me, the purple area I highlighted is the target. There's going to be panic down there so the selling will be massive which of course best time to buy long What do you think?
HI NEWS: -Top oil hedge-fund trader sees more pain for crude as coronavirus crushes demand -Dow Jones Rises As Pace Of Job Losses Slow; Oil Prices Recover personal opinion: -Given the declining demand for oil, we will probably see oil spill again, but we can't say for sure that this is why I want to know your views. Please follow my support and like my...
Bears has been attacking oil and yesterday trading saw the commodity being rejected from going further down at the extreme pessimism. This could likely be a good level to go for a long trade with stop loss placed a few pips below the bullish pin-bar. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Brent Crude was on its way to break $100/barrel. COVID Crisis came in and swept value it took 20 years to build. It doesn't take an economist with PhD to realize low demand caused this current oil crash. So this low low low prices is temporary...that I can guarantee.
Hello everyone! Traders we do not like to write more. The prediction of the price you can find on a chart! Regards, Team Traders "Powerful Traders" brent
TD Demand line was broken with gap (good) on daily. Right now price stalled at last month close. DM projection sends price to monthly S3 (bottom of April value zone). Next major support S1 - next swing low.
Today, when I opened the chart, I saw a price of $12 for 1 barrel of oil. I remember when in 2017 I talked about this price. WTI We are now at the strongest support level. This is a minimum of a 35-year cycle. And according to my trading system, levels are now a great entry point into the market. But we can be at these levels for a long time Follow risk...
Brent Oil is now sitting close to a strong support level between 25.65 & 26.44. What's needed now is a strong bullish candle (SBC) to start an intermediate uptrend; but in the abscence of a SBC, Brent oil visiting below 22 is a possibility. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
BCOUSD QM Pattern + ElliottWave 3. Buy limit
Welcome to Profitlio Trading! What's up traders! Thanks for Jumping back on my Analysis, Traderchamp is here on your Service, Also hit thumbs up and support the work. USOIL had a very hard dump and it became the next bleeding market through out the Pandemic situations across the world. Now the question is which becomes the support for the price gain or reversal....