If global growth continues to slow, so too will Brent. If not, then this assessment should be updated. While technical oscillators are important for this forecast, so too is the assumption that global growth is not rebounding, but rather will continue to slow in the EU and China.
The Brent has reached the level of 50% in the Daily and seems to be about to start a new bearish phase. I have identified two possible targets in the graph, one at 38.2 and the other at Fibonacci 23.6. Single stop loss for both transactions. I could decide to reinforce my idea short if today's heikin ashi candle, on Friday, should close in short.
As the title says, call your wife and let her know. OANDA:BCOUSD short on the way Thats my analysis. Whats your's say?
Brent Crude Oil does not seem to have the support it needs to make the push higher up from the 4H chart. MACD 8H is making lower lows as well. As long as the 4H 50 EMA holds strong as resistance, the move further down is active. First TP is at Fib Extension 1 which is 64. If prices still aren't able to find support at that price, then sell further till 1.618 (62)
First sell order was opened on 01-mar-2019 I see Brent going down few next days. So lets make duplicate sell order on it. Sell - 65.70 SL - 66.40 TP - 60.58 RRR - 1:7 Of course it has smaller TP with smaller RRR. I make close order manually.
We have good pattern to sell BCO. 1 - we have good sell impulse movement 25 february 2 - we have good correction with 6 higher highs. 3 - we have good flat from 27.02 to 1.03 One problem - today is friday so you can catch gap at monday. But position to sell is my prefered. So lets try to catch profit right now. Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
We decided to analyze the daily graph of oil as we found an interesting technical model called-Doji, What Does a Doji Tell You? analysts interpret this as a sign of reversal. So our recommendation is Sell position We also added the Fibonacci Retracement to know where we were going Sell Brent (oil) Entry Price: 66.30 Stop loss: 67.30 Take Profit: 65
Although we are still on the upward trend The price of oil encountered serious resistance in the form of an Ichimoku cloud! We recommend selling now Sell Brent Entry price: 61.45 Stop Loss: 63 Take Profit: 58.75
Key levels to look out for when analysing Brent Crude Oil , please refer to H4 chart for a strategic view!
The introduction of US sanctions on Iran has been a "sell the fact" event. Brent crude has broken a long term rising trendline = bearish Scenario A) price bounces to 74.30-75.10, which holds as resistance for another leg lower towards 71 Scenario B) price just drops from current levels to 71
TP#1 76.00 TP#2 75.00 TP#3 72.70 TP#4 70.00 SHARE YOUR THOUGHTS!!!
Oil is about to fall all the way to 70 with further downside in the long run. TP1: 70.00 TP2: 65.00 Good Luck and Trade Safe!
Brent came across to major weekly resistance line. Possible bounce down.
BCOUSD is approaching strong support at 63.54 (Fibonacci retracement, Fibonacci extension, horizontal swing low support) and a nice bounce could potentially occur at this level to push price up to major resistance at 66.35 (Fibonacci retracement, Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 2.1% where a...
Brent Crude Oil (BCOUSD) is tesing major resistance at 66.64 (Fibonacci extension, Fibonacci retracement, horizontal pullback resistance) and a strong reaction could occur at this level to push price back down to 64.31 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance at 98% where a corresponding reaction...
Brent crude oil is testing major support at 68.50 (Fibonacci retracement, horizontal overlap support) and a break of this level could potentially drive price all the way down to 65.96 (Fibonacci retracement, horizontal overlap support). It is important to keep an eye out on our long term ascending support line too which could serve as potential intermediate...
BRENT. Aisle channel, my opinion 100% sale!