Brentoil

Black Gold @ the Crossroads: USOIL Weekly Breakout Hold ?The weekly chart for WTI Crude Oil (USOIL) reveals a pivotal technical juncture characterized by a classical breakout and retest setup. Price action is currently consolidating after an aggressive upward move, interacting closely with established multi-week trendlines and horizontal zones. Primary Market Structure Trend Dynamics: The asset is navigating a broadly ascending structure, bounded by key diagonal levels clearly defined as the "Weekly Support TL" and "Weekly resistance TL". T

by emraldconsul

FALLING WEDGE REVERSAL US OIL (11 JULY 2026)US Oil is currently trading inside a well-defined falling wedge structure on the 30-minute timeframe. After an impulsive bullish move, price entered a controlled corrective phase, creating lower highs and lower lows while gradually losing bearish momentum. According to the Market Footprinting Trading Concept, this type of compression often represents institutional accumulation rather than trend continuation. The highlighted demand zones below the wedge act as important reversal footprints, wher

by Yashkhajania

#USOIL Bull run stated 🛢️📊 US Oil – Impulse & Correction Update 🔹 After hitting a low of $79 on 17 Apr, USOIL started a new impulsive cycle and completed its 5‑wave rally on 30 Apr with a high of $110 🚀💹. 📉 Correction Phase: • A wave: Confirmed with a low of $99 ⚡ • B wave: Retraced less than 61.8%, forming a Zig‑Zag correction 🔄 • C wave: Fell sharply, completed on 7 May with a low of $90 🐻📉 📈 New Cycle: Now USOIL has started its next impulsive cycle and is continuing in the 3rd wave of higher degree 💥. 👉 Price

by sahildeshwal1997

WTI Crude Oil: Short Setup at Local Resistance This 1-hour chart for WTI Crude Oil (USOUSD) illustrates a bearish trading setup following a strong vertical rally. After surging from the $82.00 level to a peak near $96.00, the price action shows signs of exhaustion and a potential trend reversal.

by IndexTrader13

Brent Crude Breakout possible Hello Everyone, Brent crude price 72.60 breakout possibel above resitance strong momentum till 75,77,80 RSI having strength,volume is concern waiting for either side break is good but overall bullish set up with Awesome ocsillator.

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 antici

by madhusudhan_arjun

UK OIL Technical Analysis - The weekly outlook for UK Oil looks very positive and promising - The base is getting matured on the weekly whereas the Daily base has already matured - As of now waiting for the base to form and enter once you see a low getting taken out by huge demand - My Bias over this is straight bullish and nothing else to consider

by VKtradesimbalance

UK OIL 📈 Exciting Bullish Pattern Alert 📊 Pattern: Base Building 📌 Symbol/Asset: UK OIL 🔍 Description: The target of multiple patterns is pending, stock bounced back from solid support. Future & Options segment stock. 👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.

can Brent break it's long term distribution cycle?Expecting to create accumulation cycle and is going to break up to weekly distribution trend on the bottom side weekly trend was hit and held. Long term daily downtrend is distributing. Now weekly uptrend is held and trying to create long term accumulation cycle. Long term target might be 91. But we might once again retest 77 price level which 85 level can hold this down short term.

by The_7hunder6olt

CRUDE OIL TO BOIL TVC:UKOIL seems to have completed triple zigzag correction in wave 2. Near to breaking out of Falling wedge. A Robust Rally in Wave 3 of Bull Market which can take it abv $300 in next 2 years. Bullish OIL is Bullish for stock market.

by TrendonomicsHD

Brent head and shoulder Brent is at H&S breakdown at 83.97 Wait for confimation drop below 83.50 and volume spike Target 79 Please do your own research before investing.

Crude oil weekly analysis After a 2020 crude oil recovered and makes new all time high of 9996. Crude oil completed it's 5 wave impulse move in the month of march and from that time it's making a correction. As per current price action crude making a expanded c wave flat correction. Crude can go up to 6000 or may be lower than that but major strong support will be 5000.

Dual breakdown in Brent !!!After huge rally it seems that UKOIL which was stuck in range where distribution took place, can break the range down. This rally was indicated by me when Brent was 94, have a look: But, now it looks like the rally is over and it could start stepping down. Also, it has given a breakdown from head & shoulder pattern and along with this UKOIL has also broke the previous trendline support. A closing below 97 can bring a steep fall in Brent but aggressive traders can initiate short here als

Brent Crude can test USD 118 Brent Crude can test USD 118 per barrel in the medium term to long term perspective and at the maximum resistance is seen at USD 183 per barrel.

by madhusudhan_arjun

Monthly rising channel favors Brent oil buyers despite inaction Brent oil prices grind higher around late March tops, staying above 10-DMA inside a monthly bullish channel formation. Given the firmer RSI backing the black gold’s gradual north-run, the quote is likely to overcome the immediate hurdle, namely the late March swing high around $124.40. However, the stated channel’s upper line near $127.50, which if ignored could propel the energy benchmark towards the yearly high marked in March at around $140.50. During the run-up, then likely overbought RSI ma

by MTradingGlobal

Brent is ready for Ultimate breakout !!!!As stated 3 weeks earlier I had given a target of 110 on Brent when it was trading around 94.And, my target achieved 🎯🎯 Then again 1 week earlier when my target of 110 achieved, I stated that Brent could soon see levels of 120. And, my target achieved 🎯🎯 And now, if Brent gives breakout above 141.5 then it could rally above our estimates, which is probably possible.

BRENT rally could continue !!!!Earlier at levels of 94, I suggested that there is breakout above 87.5 and brent could soon show the levels of 110 and by target achieved this morning. You can check that idea below. Now, I suggest to do partial profit booking and hold for target of 115. I think brent could face resistance between 110-115 zone.

Brent oil prices battle seven-month-old resistance, Russia eyed Amid escalating tensions concerning the Russian invasion of Ukraine, crude oil prices rally to a multi-month high. However, overbought RSI conditions recently triggered the quote’s pullback near an upward sloping trend line from July 2021. That said, a six-week-old support line near $92.00 precedes the 21-DMA surrounding the $90.00 psychological magnet restricts short-term declines of the black gold. Also putting a floor under the energy prices is the October 2021 peak near $86.70, a break of wh

by MTradingGlobal

BRENT rally could continue !!!!Brent could keep rising above 97.58 a monthly breakout level, it crossed the congestion zone in past month around 87.4 which show that it could rally towards 97.5 above which could see levels of 110+

Crude (UK Oil)#Brent #UKOIL #Crude Max to max again 86$ seen possible but If unable to sustain above 86$ then? 1: Interest rate hikes & Tappering in Bond buying will increase Dollar Values against every currency. 2: If unlimited given support by Central Bankers will not perform well then demand will reduce & supply will increase.

Brent oil stays softer ahead of OPEC+ JTC, US ISM PMI Brent oil sees further downside after confirming short-term rising wedge bearish chart pattern the last week. However, oil traders turn cautious ahead of today’s OPEC+ JTC meeting and monthly print of the US ISM Manufacturing PMI. That said, a five-week-old horizontal area and 200-SMA, respectively around $77.20-76.80 and $76.25, restrict the immediate downside of the commodity ahead of today’s key events. In a case where the UK oil benchmark drops below $76.25, the mid-December swing low of $72

by MTradingGlobal

Brent oil eyes OPEC+ verdict within 200-DMA, key support envelop With the 200-DMA restricting the Brent oil’s rebound from an ascending support line from March, energy traders stay bearish ahead of the key OPEC+ decision. Although the cartel is more likely to stay on their previously decided path to ease supply-cut norms, the latest Omicron woes raise possibilities of a wild card move, considering the West versus Middle East tussles. Even so, the black gold needs a clear break below the stated support line of $68.15, also conquer the $68.00 threshold, to domi

by MTradingGlobal

Technical Analysis: Brent oil fades bounce off 100-day EMA Although supply crunch talks trigger Brent oil’s bounce off a two-month low the previous day, the black gold remains pressured towards re-testing the 100-day EMA level amid US push for more output and fresh covid woes from Eurozone. It should be noted, however, that the quote’s weakness past $77.85, comprising the stated EMA, won’t hesitate to challenge the 50% Fibonacci retracement level of August-October upside near $76.00. In a case where the oil sellers keep reins past $76.00, the $73.40 mar

by MTradingGlobal

Brent oil bears can reap 4.75% gains on $84.00 breakdown A two-month-old support line break joins the failures to keep rebound from 20-DMA to favor Brent oil sellers. However, a clear downside break of the $84.00, comprising the immediate moving average support, becomes necessary. Following that, a fall towards $80.00 becomes imminent. Should the oil sellers keep reins past $80.00, the mid-September high near $76.40 will be in focus. Given the latest risk-off environment and the easing tension around energy shortage, oil is likely to consolidate the l

by MTradingGlobal