BCOUSD or UKOIL ShortPlan: We will wait for the price to break the trend line resistance(4 h) And make any bearish candle stick pattern. Furthermore, we will wait for a confirmation candle as well. 2% risk can be taken as The setup has high probabilityShortby arsalankb322380
UKOIL: Bearish Reversal IdeaBearish Indications • Resistance Zone at 85.26 • AB=CD where the D point is at 85.93 which indicates a reversal • Gartley’s XABCD indicates 85.73 Area • Seasonal Analysis Shows DXY remains Bearish at over 80% in December month Bullish Indications • Three White Soldiers • Significant Support Zone at 0.68329 • Resistance Broken at 0.68629 • Support Zone at 84.23 • Seasonal Analysis shows UKOIL remains Bullish in December Month. Biased: Short Entry Short: 84.52 (Fib Level 78.6%) TP1: 0.68236 (Fib Level 61.8%%) TP2: 0.68085 (Fib Level 38.2%) Stop Loss: 86.20 Risk/Reward: 1:1.6 Shortby adnanmagsiUpdated 3
Need a low pump up! As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on its historical top resistance price 147 maybe!? I myself accept this scenario instead of break down the very long term white trend line and see lower price around 40 or even lower ?! How do you think???Longby Atareum-ir2
DeGRAM | UKOIL short opportunityUKOIL broke out of the descending channel . The price is getting close to the psychological and resistance level of $85.00. The market is making a complex pullback on a bearish trend. We anticipate a bearish continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Shortby DeGRAM6625
UKOILOil I think we looking to high becouse that rule of national against Russia about cost of their oil so we should look for high oil 87$ happen and have a little resist for make it down then we look after that to 94$ and the biggest support what I seen is 100$Longby Bestoonkarem0
A technician's predictionThe technical structure tells me that a drop should happen, and also if we compare the fundamental issues, the drop is very reasonable.OShortby Hossein_Fatapour_IRAN0
BRENT CRUDE OIL BULISH PATTERNDemand for crude oil is expected to rise after a cold wave hit USA, which will likely increase the demand for oil distillates, easing of the COVID measures in China and US crude oil inventories coming up less than the analysts have had expected. British crude oil benchmark, BRENT, had broken the resistance of the triangle pattern, a strong bullish predictor, and the price might reach levels of 87.5 in the next couple of days. In an event of reversal of the trend, the price might reach levels of its previous low of 75.35 RSI and MACD both are confirming the bullish outlook, with MACD histogram above 0 and rising and RSI rising as well and approaching the 50 neutral line. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.Longby legacyFXofficial1
What is Brent oil?Brent oil is the benchmark by which the bulk of the 100 million barrels of crude oil traded each day is priced. Brent plays a unique role in the global oil industry as a benchmark crude oil on which most other types of crude are priced. If you want to invest in Brent oil, you can continue reading our article for answers to questions such as "What is Brent oil?", "How to buy Brent oil?", "What is the difference between Brent oil and WTI?", "Why does Brent oil prices rise?", "Why does Brent oil prices fall?", "Brent oil prices how to get oil? What is Brent oil? Brent oil is a blend of crude oil extracted from the North Sea in the early 1960s. It is considered a light, sweet type of crude oil. Crude oil is a natural resource that is extracted from the earth and refined into products such as gasoline, jet fuel, and other petroleum products. Brent oil accounts for more than half of the crude oil traded internationally. For this reason, it is an important criterion in the pricing of crude oil. Brent oil is also known as London Brent or Brent Blend. The other main crude oil benchmark used in world markets is West Texas Intermediate (WTI). What is the difference between Brent oil and WTI? Brent oil and WTI are the two major classifications of crude oil. Brent oil is extracted from the North Sea, while WTI is extracted from the USA, primarily Texas. Brent oil accounts for about two-thirds of global oil pricing. Oil produced in Europe, the Middle East and other parts of Africa is priced differently from Brent depending on its characteristics. Crude oil futures are traded on commodity exchanges: Brent oil is traded on the Intercontinental Exchange (ICE), while WTI is traded on the New York Mercantile Exchange (NYMEX). Why are Brent oil prices rising? Brent oil stocks are highly sensitive to changes in global supply and demand. Roughly speaking, if demand is high and supply decreases, the prices of brent oil will rise. Both demand increases and fears of supply disruptions put upward pressure on brent oil prices. Global oil demand, on the other hand, is increasing, outpacing increases in oil production and excess capacity. The biggest reason for this is the rapid growth of developing countries. These economies are increasingly industrialized and urbanized, leading to an increase in world oil demand. Why is Brent oil price falling? As with any commodity, stock or bond, brent oil prices fall when supply exceeds demand. OPEC is the main influencer of oil price fluctuations. OPEC is also a consortium of 13 countries, which, according to 2018 statistics, holds almost 80 percent of the world's oil reserves.by Forexcues0
UK OILAccording to Bloomberg, the supply of Russian oil in the first week after the price maximum fell by 54%. This happened between December 12-16. Against this background, the price of oil rose in its price of 75 to 83 dollars per barrel. In addition, the price of $75 was the lowest since March of this year. America also showed in reports released last week that strategic oil reserves are at their lowest since 1984. Russia also announced that it would not supply oil to those countries that supported the embargo on Russian oil. But it increased the volume of deliveries to China and India, which are the main partners of Russia. The OPEC+ oil cartel also decided in October to cut production by 2 million barrels per day. From November to the end of 2023. With such factors, in my opinion, in the global perspective, oil prices will rise. Today is US reporting day, and given past reports, America is unlikely to have increased its inventories significantly. In global terms, this year we have seen a drop in oil prices, but recent events can change everything!Longby TradingForProfitPro224
ANALYSE THE MARKET LIKE A PROBrent crude trading at 79 dollars right now, and as long as price remain below 85 dollars i remain bearish, another retest of the 85 dollars zone and a bounce off would be a nice time to sell on brent crudeby tunde4u3600
The bearish market is clearThe bearish market of the markets is clear, and my opinion is that if you touch each one, the next one will be activated in any time frame. My analysis is valid in the same time frame. These are personal theories and should not be your decision criteria.Shortby Vandadtraderacademy2
UKOIL :The price starts to dropA good upward correction has been made, the possibility of a price drop is high.✨Shortby miladSMC0
DeGRAM | UKOIL confluence level for sellUKOIL is trading in the descending channel . Price is testing the resistance level and the channel's upper border, which is a dynamic resistance. The market is making a pullback on the larger scale of the bearish trend. We anticipate a trend continuation trade. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support! Shortby DeGRAM5510
Brent Oil selling opportunityOn the H1 timeframe, the EU ban on Russian oil on December 5 sent prices spiralling, violating two support zones until it reached the 76.50 support level. Price tested this level multiple times before rebounding to the 81 resistance level. We forecast prices to fall to the 76.50 support level again, in line with the overall bearish trend. RSI is also in the overbought region, supporting our bearish bias. Shortby T3-Consultancy5
BCO/USD Technical Analysis Hello Traders! Based on the fact that we stopped without hitting a 72.0 level tells me that its is very likely that buyers who bought set out their sl on the next support. Furthermore, trend hasn't changed and what is happening is a pullback. Im looking to sell on two levels risking total 3% of my trade position. 82.3 and 86 are two levels of my interest for the short side. Shortby federalAntelop49540
Brent Crude - Buying the lower end of the channelUS CPI NUMBER TODAY - EXPECT EXTREME VOLATILITY Brent Crude Oil - Intraday - We look to Buy at 73.55 (stop at 71.05) Broke the sequence of 6 negative daily performances. Intraday, and we are between bespoke support and resistance 73.53-81.96. The 161.8% Fibonacci extension is located at 73.22 from 131.06 to 95.31. Preferred trade is to buy on dips. Our profit targets will be 81.95 and 88.72 Resistance: 81.97 / 88.72 / 88.79 Support: 75.30 / 73.55 / 73.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.Longby VantageMarkets1
OIL BUY SETUP Hi Everyone ! I think that the oil has found the bottom and I will start watching for buy. Thank you for your support ! Longby kristijanslatinsek6
UKOIL W5: 50% CORRECTION Strategic Outlook(NEW)(SL/TP)Why get subbed to me on Tradingview? -TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates 🎁Please hit the like button and 🎁Leave a comment to support our team! UKOIL 2W: 50% CORRECTION Strategic Outlook(NEW)(SL/TP) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. 🔸 Summary and potential trade setup ::: UKOIL 2weeks/candle chart ::: chart is LOG SCALE ::: setup still valid expecting correction ::: STRATEGIC OUTLOOK / long-term overview ::: recently rejection near premium prices ::: 115 USD/bbl was the MARKET TOP ::: market topped out for this CYCLE ::: BEARS maintain strategic control ::: 50%-65% correction in progress now ::: BEARS will target re-tests of premium prices ::: BEAR CYCLE Target 25-32 USD/bbl ::: so there's MASSIVE DOWNSIDE in here ::: Zero Covid Policy in China + new supply ::: from Venezuela - huge downside risk in the market ::: next 12-24 months limited upside as we are entering ::: global recession demand will slow down a lot ::: recommend to SHORT/HOLD ::: SWING trade setup do not expect ::: fast/miracle overnights gains here ::: good luck traders 🔸 Supply/Demand Zones ::: N/A fresh demand zone ::: N/A fresh supply zone 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS / SUPER CYCLE ::: Sentiment outlook mid-term: BEARS / SUPER CYCLE RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Shortby ProjectSyndicate222282
Brent Crude Oil A brief view I published late last week. Brent Crude Oil - Channel & Incline Support - Re-test of prior 8x21-EMA cross - Provisionally $73-$76 is a level of interest to carve out a short term and bullish reversalLongby techpers4
BOCOUSD-Brent OilBrent Oil: I don't think the downtrend is finished; I believe we will see lower prices on Brent Oil. However, I think the price has a correction or pullback to the trend line.by Ario_trader1
Brent updateIn my view Brent will rebound from 75$ to 82$ area then a nre dump to 72/73$ area where we coul see a temporary trend inversion to 86$ nd maybe 92$by mpd6
DeGRAM | UKOIL opportunity to buyUKOIL reached a support zone after a sell-off. The market is decelerating while approaching the support zone , indicating the bears are running out of steam. We anticipate a short-term pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM111118