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Brent Crude Oil

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WHICH ONE IS GOING TO HOLD THE PRICE FOR REVERSAL.Bearish Order Block A bearish order block is generally defined as the last up-close candle (or series of candles) before a significant move down. The idea is that this represents an area where institutional sellers were active, and the price might react when it revisits this zone. Why it's believed to work: Institutional Activity: Order blocks are based on the idea that large institutions (banks, hedge funds, etc.) can't execute their entire order at once without moving the price against themselves. They accumulate positions over time, and order blocks are thought to represent areas where they were accumulating short positions before a large move down. Supply and Demand: The area is seen as a zone of potential supply. When price revisits the order block, the sellers who initiated the move down may be looking to add to their positions, or new sellers may see it as a good opportunity to enter the market.
FX:UKOILSPOTLong
by yjp1155
WILL THIS BEARISH ORDER BLOCK HOLD THE PRICE OR NOT.To evaluate whether a bearish order block will hold the price, it typically need to consider several factors, including: 1. **Market Context**: Understand the current market sentiment (bullish or bearish) and trend. Is the overall market in a downtrend, or is there potential for a reversal? 2. **Time Frame**: The significance of an order block can vary depending on the time frame you’re analyzing. Higher time frames (like daily or weekly) usually carry more weight than lower time frames (like hourly or 15 minutes). 3. **Price Action**: Look at the price action leading up to the order block. Is there momentum in either direction? Are there significant support or resistance levels nearby? 4. **Volume**: Analyze trading volume around the order block. High volume may indicate stronger conviction in the price action, while low volume could suggest a lack of interest. 5. **Market News and Events**: Economic releases, earnings reports, or geopolitical events can impact price behavior and may affect whether an order block holds. 6. **Liquidity**: Ensure that the market has enough liquidity to sustain price levels around the order block. Always conduct thorough analysis and consider risk management practices in trading.
FX:UKOILSPOTShort
by yjp1155
Brent Crude Oil Alert: Bearish Pattern Forming!The Brent Crude Oil chart is shaping up into a decreasing triangle pattern, signaling a potential breakdown ahead. 🔑 Key Highlights: • Lower highs forming resistance • Strong horizontal support being tested • Bearish momentum building 💡 What to Watch For: A break below the support line could trigger a sharp downside move. Traders, stay sharp and manage your risk wisely! #OilMarket #BrentCrude #TechnicalAnalysis #TradingAlert #ForexTrading #CrudeOilBreakdown What’s your take on this setup? Share your thoughts below! ⬇️
OANDA:BCOUSDShort
by ashwani500
Brent CrudeDate 04.09.2024 Brent Crude Timeframe : Weekly Remarks : If breaks multi year support & closes deeply on weekly timeframe then its not a positive signal as far as global economies performance is concerns, mainly from West & China. It has some positive impact on our current account deficit due to lower crude import prices & if dollar correction will occur then it will add more efficiency however, with respect to global demand its both ways earnings damage as well some input cost impact. The International Energy Agency (IEA) projects global oil demand to grow by slightly less than 1 million barrels per day (mb/d) in both 2024 and 2025 Its one of the most important leading indicators including Baltic index, interset rates, job data & bond yields. Regards, Ankur
TVC:UKOIL
by AnkurSingh
BRENT (FOREX) WEEKLY TIME FRAME"Brent Crude Oil is a major benchmark for oil prices worldwide. The chart typically displays the price movements of Brent Crude over a specific period, such as days, weeks, months, or even years. Key components of the chart include: 1. Multiple Support From Lower Trend Line 2. Likely It Will Take Support From The 76 3. Even On The Weekly Time Frame It showing A Weak Selling Pressure Although It Trading below ALL the 100 MA but worth to watch and wait for a bullish candle to confirm are entre price and should be place around 72$ can be good 1 ratio risk reward Thank You <3 Follow For More
BLACKBULL:BRENTLong
by Faizgazi
Buy CRUDE oil now MXC buy near 6510 , we get 9-10% move on sell On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
BLACKBULL:BRENT
by JaiPrakashShuklaHarmonicTrader
Crude Oil AnalysisHello Friends, Hope you find doing well. As there are so up down in market now a days because of many reasons Elections, war, Global data, USDINR, DXY. So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader. As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we will se break out up side and we can make better position according. It may trigger by global data or by war declare. Plan your trade according your analysis. I do not recommended to do as i said. I just analysis chart pattern and data which make positive price action. Best of luck Regards.
FX:UKOILLong
by apstockanalysis
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
CRUDE oil MCX also sell on every rise till recent high not breakOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hit
BLACKBULL:BRENT
by JaiPrakashShuklaHarmonicTrader