Brent Oil Futures forum
BRENT My TP1 at 73106 was just hit ))
BRENT wants to go moreBRENT I expect it to go 73106
BCOUSD When I started this project I wasn't expecting the market to follow the path of the rectangles. Now although it looks like conditions have changed for Crude to push it even lower, I am still considering the big UP move although I cannot sustain it now with solid arguments. Will be watching this with interest in case a longer candle pops up signaling a potential beginning of a larger move.
BRENT Confirmed btw :) good luck friendsBRENT Confirmation for the short will be based on if it can cross the 50MA on the 5m chart! watch for it :)BRENT This week's market comes with huge risks and profits, and I can provide you with professional guidance and services!We can see on both the 1H and the 4H that oil is too high atm, because of this we go Short as we expect a retrace to the 73 mark. Good luck friend!
BCOUSD What do you think will happen next?
SPOTBRENT The ISM Manufacturing PMI, scheduled for release on December 3, 2025, could significantly impact SPOTBRENT prices. The manufacturing sector has shown signs of recovery, with the March 2024 report indicating expansion after 16 consecutive months of contraction1. However, the impact on oil prices will depend on whether the PMI data meets, exceeds, or falls short of expectations.If the PMI shows strong expansion, it could lead to an increase in SPOTBRENT prices due to anticipated higher energy demand.
If the PMI falls below expectations or shows contraction, it might put downward pressure on SPOTBRENT prices.
UKOIL next week target 80