Hello Everyone,
Brent represents a comprehensive buy opportunity at this particular juncture, with further potential upside anticipated in the near future!
TradeWithTheTrend3344
The chart wave structure is suitable for long positions. The psychological basis and the world conjuncture will bring the position target shown on the chart. It points to the change in dynamics that cause prices to remain under pressure for a long time. Ignoring the fluctuations, the strategy was determined in the direction of the target
Esteemed analysts and traders,
I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
I am excited to share some positive news with you regarding the recent developments in the oil industry.
According to the Energy Information Administration (EIA), crude inventories took a significant dip last week, falling by a whopping 6.37 million barrels. This decline has sparked a wave of optimism in the market, with WTI prices hovering around $83 a barrel...
#MarketInsights #GlobalEconomy #InterestRates
🌐 Quick Market Update: Navigating Current Trends!
▪️ Euro Strengthens: Robust business activity in Europe paired with cooling economic indicators in the U.S. have pushed the euro past $1.07.
▪️ Tesla's Rally: Despite a dip in profits and revenue-per-vehicle, Tesla's promise of new models next year spurred a...
Brent crude oil is pulling back as expected despite the elevated tension in the Middle East. A failed break below $85 per barrel will allow black gold to continue its move higher towards $95 per barrel.
Hello Everyone
I want to say something that might be your strategy or you may criticize me about that but I am sure whoever disagrees with me about it is struggling to get profit in his account.
Note: Always and always trade in a chart that is in a weekly trend.
I man it does not matter what timeframe you are trading and with what method, it is incredibly vital...
Escalation Between Iran and Israel: How the Price of Brent Oil Reacts
On the night of Thursday into Friday, reports emerged that Israel had attacked Iran following Iran's attack on Israel over the weekend.
Let's remember that we wrote on Monday that after a 300 drone and missile attack on Israel over the weekend, the price of Brent oil did not rise. Perhaps...
Preferred direction: SELL
Comment: An excellent situation has formed for oil in the short term. After the price falls below level 89 , the continuation of the downward trend towards level 85 is considered, where we set a target for this trading idea. Buyers are trying in vain to buy off the “bottom” of the market, but today the limit buyer dominates the...
Brent Crude Oil X Right Price:
Lets find out where Brent is leaking from!
Based on my previous numbers I did mention a bearish move on the way as the price I calculated created a bearish Neck & Shoulder pattern at $92 area!
Now lets tidy up the numbers!.
2 area Brent require to visit first before we can do further expectation, even if does not go as low still...
If current and next 4h candle close behind the trend line we are in bearish trend. The main reason is inflation, nobody needs so expensive oil, it is very bad for economy. Many of us expected the conflict on middle east will push the price higher but as you see it doesn't happen.
Since the Start of the Week, Brent Oil Price Has Dropped over 4%
At the beginning of the week, March 15, we wrote that the price of Brent oil could form a correction from the resistance level of USD 91 per barrel. Since then, the price has decreased by more than 4% due to a number of factors:
→ easing concerns about the escalation of the conflict between Israel...
Hello Everyone,
Despite being below the 1D/1W PP, Brent appears to be a promising buy. Both the weekly and daily support levels are showing resilience. However, if these support levels falter, there's a possibility of revisiting the monthly support.
TradeWithTheTrend3344
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
Brent Oil Price Did Not Rise Despite Iran's Attack on Israel
As you know, Iran launched a missile attack on Israel over the weekend. This could greatly increase the price of Brent oil, given that Iran is one of the top 10 oil producing countries, and the fact of the strike could provoke further escalation in the region.
However, at the beginning of the trading...
Brent Crude Oil
I called for a potential base on 07 December.
On the chart is also my proof of the call.
The commodity has advanced from $75 to the recent high of $92.
