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Brent Crude OilBB

Brent Crude Oil

78.938USDR
+2.444+3.20%
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Mastering oil trading with multiple timeframe analysisThis video shows how multiple timeframe analysis helps improve entries, manage risk, and avoid false breakouts when trading brent crude oil. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BRENTShort
by ThinkMarkets
Brent Crude INTRADAY bearish below 6533The price sentiment for Brent Crude Oil remains bearish, in line with the prevailing downtrend. Recent price action shows an oversold rally, which has stalled near a previous consolidation zone around 6533 — a key resistance level. Key Resistance Level: 6533 This level marks a previous intraday consolidation area and could act as a ceiling for the current rally. Bearish Scenario: If WTI fails to break above 6533, it may resume its decline toward: 6207 (near-term support) 6080 5885 (longer-term support) Bullish Scenario: A confirmed breakout and daily close above 6533 would shift momentum and open upside targets at: 6707 6860 7040 Conclusion: WTI Crude Oil remains under bearish pressure unless it breaks and closes above 6533. Traders should monitor this level closely for signs of rejection or breakout. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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by TradeNation
Brent Oil Update: Correction Completion and Growth OutlookUpdated the medium-term structure on Brent oil TVC:UKOIL FX:UKOIL ICEEUR:BRN1! NYMEX:CY1! Currently, I see several scenarios for market development: 🥇 Base Scenario: Correction unfolds as an A-B-C pattern, where wave C took the form of an Expanding Ending Diagonal (eED). Although the diagonal does not look perfect geometrically, in terms of Fibonacci ratios, it is almost textbook: Each subsequent wave is 1.618 the length of the previous one. The price tested the monthly imbalance and retraced to the 0.382 Fibonacci level, increasing the probability of correction completion. Thus, I believe the correction may have already completed, and we might soon see recovery and growth in oil prices. However, a minor retest or small deviation of the lows remains acceptable within this scenario. 🥈 Scenario 2: Alternative wave count in the form of a Double Zigzag (W)-(X)-(Y). Here too, the correction may have ended or may complete with a minor new low around the key support zone. 🥉 Other Alternatives: Wave A — impulse, B — triangle, C — contracting Ending Diagonal (cED). Alternatively, another expanding diagonal (eED) could finalize the downtrend. ⚡ Fundamental Drivers Supporting Oil Recovery: Expected monetary policy easing in the U.S.: Potential rate cuts and M2 money supply growth should boost demand for commodities. Stimulus programs expected in China and India: Industrial demand recovery from the world's largest consumers. Global demand remains resilient: Asia, emerging markets, and India's growing economy continue to support oil consumption, despite local slowdowns in Europe and the U.S. Ongoing geopolitical risks: Continued tensions in the Middle East and risks of supply disruptions could support oil prices. OPEC+ production cuts: The extended supply cuts maintain a structural shortage in the market. Historically low commercial oil inventories in the U.S. and Europe: A resurgence in demand could accelerate price recovery. 📍 Key Levels: Support zone: 58–65 USD. Maximum acceptable downside across all scenarios: 50–55 USD — I do not expect a dramatic drop below this zone. 🛡 Important: The current phase is a transition: either the confirmation of a bottom formation or a final controlled retest of the 58–65 zone before recovery. In all scenarios, I expect Brent oil to have either completed or to be completing its correction. The base growth scenario remains a priority, watching closely for confirmation signals in the 58–65 USD range.
TLong
by shakatrade1_618
Potential Decline of Brent Oil Price to $50 in the Near Future.Brief Overview of Events and News Explaining the Potential Decline of Brent Oil Price to $50 in the Near Future. ➖ Increased OPEC+ Production: On April 3, 2025, eight OPEC+ countries unexpectedly decided to accelerate production increases, adding 411,000 barrels per day starting in May. This decision triggered a price drop, with Brent falling 6.42% to $70.14 per barrel at the time. Analysts like Amrita Sen from Energy Aspects noted that this move pressures “lagging” countries to meet quotas, but the market interpreted it as an oversupply signal. Source: OilPrice.com, "OPEC+ to Raise Oil Production by More Than Expected in May," April 3, 2025 (oilprice.com) ➖ Decreased Demand Due to Economic Challenges: On April 14, 2025, OPEC revised its 2025 oil demand growth forecast downward by 150,000 barrels per day to 1.3 million barrels per day, citing trade tensions and weak economic indicators. JPMorgan also raised the likelihood of a global recession to 60%. Source: OilPrice.com, "OPEC Lowers 2025 Oil Demand Forecast on Trade Tensions," April 14, 2025 (oilprice.com) ➖ Trade Tariffs and Global Instability: On April 3, 2025, U.S. President Donald Trump announced new tariffs on trading partners, heightening recession fears. Fitch Ratings described this as the highest level of U.S. import tariffs since 1910. Brent dropped 4% immediately following the announcement. Source: OilPrice.com, "OPEC+ to Raise Oil Production by More Than Expected in May," April 3, 2025 (oilprice.com) ➖ Geopolitical De-escalation: On April 25, 2025, reports emerged of progress in U.S.-Russia talks on Ukraine, as well as Iran’s openness to nuclear negotiations. This reduces geopolitical risks and increases the likelihood of higher oil supply on the market. Source: OilPrice.com, "Oil Set For Weekly Loss on OPEC+ Supply Rumors," April 25, 2025 (oilprice.com) Technical Analysis Section: The monthly chart shows similarities between the 1999–2002 and 2020–2025 periods: an initial impulse, followed by a correction, and then a 6-year upward trend. Nearest entry point targets at the 161.8% Fibonacci level: • $52,46 • $49,06 • $46,50 Growth Potential Medium-term: • $138,00 Long-term: • $500,00 Once the price of oil UKOIL reaches $52.46, a review for the entry point will be prepared. Charts: • •
TShort
by SergioRichi
XBRUSD is moving within the 62.55 - 67.70 range👀 Possible scenario: Oil prices saw a slight rebound on April 24 after a 2% drop, with Brent crude rising 0.8% to $66.65 and West Texas Intermediate up 0.88% to $62.82. Investors weighed potential OPEC+ output increases against mixed U.S.-China trade signals and ongoing U.S.-Iran nuclear talks. OPEC+ might accelerate output hikes in June, but internal disagreements, like Kazakhstan prioritizing national interests, added uncertainty. Analysts warned that the U.S.-China trade war could halve China's oil demand growth, while U.S.-Iran talks raised the possibility of easing sanctions on Iranian oil, which could pressure prices further. ✅Support and Resistance Levels Now, the support level is located at 62.55. Resistance levels are now located at 67.70.
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by MaxOnMarkets
Brent oil prices look ready to roll-over, here is whyOil is setting up for a potential drop of over 4% if key support breaks, with a deeper move possible if global weakness continues. This video shows you the exact levels to watch and how to trade the move using technical and macro analysis. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
TShort
by ThinkMarkets
Brent Crude Oil oversold bounce capped at 7110Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action to be an oversold bounce back towards a key consolidation zone, adding pressure to the downside. Key Levels: Resistance: 7110 (current swing low, now resistance), 7240, 7390 Support: 6583, 6500, 6400 Bearish Outlook: Price has broken below 7110, which was a key intraday consolidation level. If Brent Crude sees a short-term bounce but fails to break above 7110, it could resume its downward move toward 6583, then 6500, and possibly 6400 over time. Bullish Scenario: If Brent Crude breaks above 7110 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a rally toward 7240, then 7400. Conclusion: The trend remains bearish below 7110. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 7110 would shift the outlook to bullish in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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by TradeNation
Analysis of the BRENT chart with expectations for 2025-2026◽️Technically, all conditions for the completion of the second wave correction have been met, and now quotes can be safely reversed up. However, current events in the global economy do not yet provide grounds for confidently asserting this. Locally, the price may still be driven down to $50 per barrel and even slightly lower. One way or another, it is important to understand a simple thing: everything below $70 per barrel should be seen as an opportunity to buy oil and everything related to it cheaply. ◽️According to my estimates, there is probably still time for deliberation on purchases until the end of spring. But further, from the beginning of summer, I expect a sharp rise in prices amid the escalation in the Middle East. From above, in the $100-150 range, growth will likely be contained for some time, which will be interpreted as the formation of sub-waves (i)-(ii), where after sharp rise in the first sub-wave from approximately $50-60 to $120-130, a local correction will follow within the second sub-wave. ◽️The growth period may take 3-6 months, and the correction to it another 2-4 quarters, and then a breakout of the $120-150 resistance zone and further "to the moon" in the third waves is expected. 🙏 Thank you for your attention and 🚀 for the idea. ☘️ Good luck, take care! 📟 See you later.
OLong
by T_A_R_A_S
Brent Crude INTRADAY oversold bounce capped at 6620Brent Crude Oil selling pressure continuation Brent Crude Oil is showing bearish sentiment, in line with the current downtrend. Recent price action confirms a break below a key consolidation zone, adding pressure to the downside. Key Levels: Resistance: 6620 (current swing high, now resistance), 6774, 6900 Support: 6230, 5870, 5480 Bearish Outlook: Price has broken below 6900, which was a key intraday consolidation level. If Brent Crude sees a short-term bounce but fails to break above 6620, it could resume its downward move toward 6230, then 5870, and possibly 5480 over time. Bullish Scenario: If Brent Crude breaks above 6620 and closes above it on the daily chart, the bearish setup would be invalidated. This could open the door for a rally toward 6770, then 6900. Conclusion: The trend remains bearish below 6620. A rejection at this level would reinforce the downside bias. However, a confirmed break and daily close above 6620 would shift the outlook to bullish in the short term. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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by TradeNation
Brent Crude Price ConsolidatesBrent Crude Price Consolidates When analysing the Brent crude oil price chart six days ago, we: → identified a downward channel marked in red; → noted that the median line was acting as resistance; → suggested the price could find support at the lower boundary of the channel, reinforced by the psychological $60 per barrel level. As shown on the XBR/USD chart, since then: → the price has indeed rebounded from the lower boundary (as indicated by the arrow), rising from its lowest level in nearly four years; → the median line has reaffirmed its role as resistance (highlighted by the marker). Why Is Oil Consolidating? From a technical perspective, several indicators suggest the market is consolidating. Notably, both the ADX and ATR indicators are trending downwards, which may be interpreted as a weakening of price momentum and volatility. Additionally, Brent’s price currently hovers around the channel’s median line — a level where supply and demand often reach equilibrium. From a fundamental standpoint, it’s reasonable to assume that the current price has already factored in the latest developments surrounding the global trade war. However, another round of bold statements from the White House could still trigger a fresh move on the XBR/USD chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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by FXOpen
OPEC Cuts Oil Demand Forecast While Increasing SupplyOil prices are feeling bearish pressure. OPEC was unable to increase production significantly last year to stabilize prices. High interest rates have kept global economies cool enough. However, starting in May, OPEC will begin unwinding its voluntary production cuts. The timing of this decision is questionable. Tariffs are expected to hit global economies hard, while the Fed is likely to hold rates steady for a few more months. Recession risks in the world’s two largest economies, the U.S. and China are rising. OPEC has acknowledged this trend by lowering its oil demand forecast for 2025 and 2026 by nearly 10%. If summarized: Oil demand is expected to fall 10%, possibly more if the U.S. and/or China enter recession. Trump is expected to boost U.S. drilling, increasing supply. OPEC will start to unwind supply cuts, increasing supply. Brent is likely to remain under bearish pressure throughout the year because of rising supply and falling demand. As long as the current fundamental outlook remains unchanged, upward moves should be viewed as selling opportunities. A downtrend channel has formed since mid-2023, with the lower boundary recently tested. There is now an upward reaction. If this continues toward the 68.25–70.70 zone—previously a demand zone, now a potential supply zone—traders may look for short entry setups, provided this zone holds, with nearby stop-loss levels.
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by ftdsystem
Crude oil at the center of the stormBy Ion Jauregui - Analyst ActivTrades Today, amid an international outlook full of uncertainty, the oil market stands as a reflection of an economy under stress. In recent weeks, crude oil prices have suffered steep declines that have sent warning signals to investors. However, this fall has been partially offset by a recent stabilization, evidenced by the current futures: $64.67 per barrel for Brent and $61.44 for West Texas Intermediate (WTI). Between pessimism and hope The narrative we are experiencing in the markets is one of a constant struggle between pessimism and hope. The escalating trade war between the United States and China generates concern, while geopolitical uncertainty raises the question of whether these conflicts will have the potential to slow down the global economy to the point of severely impacting energy demand. For the time being, the market seems to be finding some calm at technical support points, like a life preserver in the midst of the storm. Impact of trade measures Impact of trade measures In this context of volatility, the White House has provided some respite by announcing the exemption of tariffs on electronic products, including smartphones and computers. Although this measure does not directly target the oil sector, its impact has been felt throughout the economy, partially alleviating fears of a tariff escalation that could further aggravate the situation. Such one-off interventions revive confidence and help investors focus their attention on the near-term outlook. Reorganization of expectations and technical indicators Volatility reached outstanding levels recently, registering a depreciation of -22.63% in a few days, following the communication of new tariffs by President Trump. At that moment, crude oil became a mirror of global uncertainty, where each figure reflected fears and conflicting expectations. After this plunge, a correction took place: the price stabilized around 65.46 dollars, supported by a key support at 62.41 dollars. Analyzing the chart, the $68.20 area looks like a distant target in the context of the current policy; the bearish pressure indicators remain below that mark, despite the current support showing some weakness. The RSI is in the mid-range after a week of strong selling activity, and at this point we can see that the $58.16 floor could be revisited, which would open the possibility of resuming the path towards the $68.20 target. Should a breakout occur, the next critical zone would be marked by the previous Check Point (POC) around $72.38, in a previously established range between $70.24 and $74.93. Looking ahead This story is analyzed with caution, remembering that the future of crude oil remains uncertain. Trade tensions, economic data developments and central bank decisions - especially that of the European Central Bank - remain key determinants of market direction. In an environment where every political decision and every figure counts, the oil story is being written day by day, oscillating between moments of volatility and phases of stability. Investors are advised to keep a close eye on these elements, as they could mark the next chapter in this complex plot that will undoubtedly remain one of the most fascinating stories of our time. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
A
by ActivTrades
1
"UK oil / Brent" Energy Market Heist Plan (Scalping/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK oil / Brent" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (65.500) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the recent/swing low level Using the 1H timeframe (61.500) Scalping/Day trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 70.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸🛢"UK oil / Brent" Energy Market Heist Plan (Scalping/Day) is currently experiencing a bullishness,., driven by several key factors. 👇👇👇 📰🗞️Get & Read the Fundamental, Macro Economics, COT Report, Inventory and Storage Analysis, Seasonal Factors, Sentimental Outlook, Intermarket Analysis, Future trend targets & Overall Score... go ahead to check 👉👉👉🔗🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
FLong
by Thief_Trader