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BCOUSD

BCOUSD : Bullish Momentum Signals Potential Surge to $104-$124 Brent Crude Oil charting its potential trajectory amidst current market dynamics. Through a meticulous examination of technical indicators and chart patterns, a compelling case emerges for an imminent bullish surge within the $104-$124 range. Based on the comprehensive analysis of these factors, it is anticipated that Brent Crude Oil to embark on a significant upward trajectory, targeting a price range between $104 and $124. This projection aligns with the prevailing bullish momentum and anticipated price appreciation.
OANDA:BCOUSDLong
by madhusudhan_arjun
Possible short in crude oilCrude oil is forming a slightly inclined head and shoulder pattern but it is still a clear pattern. The target is quite low as measured from the pattern. There is a small support before the target and that is the place where we can get some halt which is around 6334. But apart from that the target aligns nicely with a support level from where we can expect a good bounce. 6550 could be a great entry if it arrives, though the current levels are not too bad either to take a staggered entry using the mini lots.
MCX:CRUDEOIL1!Short
by anshuman_05
BRENT Short Hello colleagues. Double top pattern for oil. If price will break through the nearest resistance zone by Wednesday next week, then the target for oil is 36. but I advise using trailing stop loss as oil goes oversold and the countries of OPEC may announce additional cuts to normalize the situation. Fundamentally the previous growth was associated with hurricane Delta and rumors of increased demand for oil in China and India. But in fact, China bought at good prices in spring and summer and is full of oil. In Asia, flights are only local, international will open no earlier than March 2021. There are no preconditions for a sharp increase in demand. In addition to this news, I want to note the increase in covid diseases around the world.
OANDA:BCOUSDShort
by THG_trader