UK Brent Oil. Looks Bearish In Short Term.TVC:UKOIL UK Brent Oil can retest or break 102$ per barrel in short term. Ukraine And Russian Crisis cool off can make oil cheaper. Trade on your own risk and analysis. Shortby About_Bazaar1
Crude Should Fall and come back to 90$ and 100$ per barrelCrude after testing all time high should cool off a little and find a support between 90$ to 100$ per barrel. Weakly charts shows selling pressure. Moreever Russia Ukraine Tension are also easing.by About_Bazaar0
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.Longby Chaser30222
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.by Chaser30Updated 2
Crude Oil "5" wave is under formationCrude Oil "5" wave is under formation. This is for education purpose only.Longby kmurali1650
💡Don't miss the great sell opportunity in Brent Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (93.01). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . Brent is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51 Take Profits: TP1= @ 89.30 TP2= @ 87.44 TP3= @ 84.79 TP4= @ 82.68 TP5= @ 80.13 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Shortby ForecastCity_ME226
Brent oil prices battle seven-month-old resistance, Russia eyedAmid 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 which will recall short-term Brent oil sellers. Meanwhile, the aforementioned resistance line near $96.00 precedes the $100.00 threshold to challenge Brent oil bulls. Should the quote remains firmer past $100.00, lows marked during November 2013 and April 2014, respectively around $103 and $104.00 should flash on the buyer’s radar. It’s worth noting that the commodity’s upside past $104.00 will be hindered by multiple resistances marked during July 2014 near $108-109. Overall, geopolitical risks keep energy prices higher but the key resistance line triggered recent profit-booking. by MTradingGlobal0
Great sell opportunity in XBRUSDHello guys once again we are back with our idea to give you a good short term profit. Wait for the rejection from the trend line and than you can place your fresh sell orders for XBRUSD. Sell XBRUSD @92-95 SL:-100 TP 1) 90 2) 88 3) 85 4) 83 5) 80 & Last jackpot tp is 75 safe traders can exit the position as soon as the target Hits. Note:- before investing do your own research & invest only that which you can afford to lose.Shortby forexmaster7867
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+by Chaser302
Crude oil Headed for $115-120Crude oil trading at highest levels in 7 years. Multi year Resistance zone is now acting as support zone. The Black gold is expected to test $115-120 levels in 4 to 6 moths time Russia - UK tension to and demand pickup to be key drivers originally published on 1st Feb after highest monthly close in 7 years Close below 87 will nugget the view ************* Disclaimer : -Please conduct your thorough research/analysis before doing the trade -Idea shared is only for educational purpose -Please trade on your own risk ************ Longby viralkadecha1
Crude Analysis !! #Crude #Commodities Description : Crude at lower levels following support area and a trendline zone as well. At top upper parallel levels of trendline are followed. Now at top and formed a strong red candle which can a be probable top if it gives follow through and breaks 86$ level. Support Area : Break of Support at 86$ downside will lead to immediate support at 76$ followed by 72$ & 65$. If not, Uptrend may continue. Resistance Area : Break of resistance on upside 91-92$ on upside will again resume uptrend.by ShelendrAgrawalUpdated 0
UKOIL TIME TO SHORT?Okay, so here we can see a bearish wedge, lets see how it goes for UK Oil.Shortby rahul93bhagat0
Crude (UK Oil)#UKOIL 88-90$ is seen as strong resistance, If unable to sustain above 89$ then possible correction up to 36$. then we may expect All-Time High again after a few years but no guarantee for ATH again because of progress in Electric Vehicles. Shortby AlgoBoffin3
Stocks to benefit/lose from CRUDE breakout. Brent Crude likely to break Major Resistance 87. If sustains above 87 we will likely see 115 levels. Stocks which may benefit from this move - 1. ONGC. 2. OIL INDIA. 3. RELIANCE. Stocks which may loose because of this move - 1. Asian Paints. 2. Berger Paints. 3. Aviation Industry. by NaveenGr3
Crude (UK Oil)#Brent #UKOIL #Crude Max to max again 86$ 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. Shortby AlgoBoffin0
Brent oil stays softer ahead of OPEC+ JTC, US ISM PMIBrent 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 $72.85 will be in focus. Alternatively, recovery moves remain elusive below the recent tops surrounding the $80.00 psychological magnet. Following that, oil buyers can quickly rush towards the late November’s top surrounding $82.80-85 and then to the November 10 peak of $86.00 should return to the chart. However, a clear run-up beyond the $82.85 won’t hesitate to cross the 2021 high surrounding $86.70. To sum up, Brent oil sellers have firmer grips on the prices ahead of the key events that might turn out as a challenge for bears.Editors' picksby MTradingGlobal55303
Nine-month-old support line becomes crucial for Brent oil bearsBrent oil sellers cheer a clear downside break of 200-DMA and 50% Fibonacci retracement of March-October upside around 13-day low. While bearish MACD signals and descending RSI line, not oversold, favor the commodity sellers, an upward sloping trend line from March 23, around $68.70, is the key for the quote’s further downside. Should the commodity bears drop below $68.70, the 78.6% Fibo. and August month’s low, respectively near $66.20 and $65.10, will return to the charts before directing the British energy benchmark towards March’s low of $60.44. Meanwhile, an upside clearance of the support-turned-resistance confluence around $73.50 will aim for a 38.2% Fibonacci retracement level of $76.70 and then to July’s swing high near $78.50. In a case where Brent oil buyers manage to cross the $78.50 mark, the $80.00 psychological magnet and $82.80 will act as buffers during the run-up targeting the yearly peak of $86.60. To sum up, Brent oil bears tighten the grip but the ball may slip if the trend line support holds.by MTradingGlobal1
Crude Oil Set to go up Once againGear up and place your limit orders on break out...!!! Cup and handle pattern to give breakout by 18th Dec 2021Longby astrojayasurya1
sasasadsadadasd asdsadsadcsadsadsadasdddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddby starkraptor0000
Brent Oil Future back to $90 ? PossibleNew Virus scare - Not so much. Omicron Scare - Not so much. Strategic Reserve band aid approach - Not Working. Proper Cup n Handle Pattern on 4 Hours ? - Yes. Oil and markets to come back now - Possible! This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock market expert. I am a newbie trader :) Longby DoublebassmaniawithPranav0
Brent oil eyes OPEC+ verdict within 200-DMA, key support envelopWith 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 dominate further and eye September’s low near $65.10. Following that, multiple supports can test the bears around $62.00, a break of which will highlight the $60.00 round figure for the sellers. Meanwhile, a successful upside break of the 200-DMA level of $73.10 will aim for the tops marked during late July and mid-September, around $76.50-60. Following that, $78.00 and the $80.00 may entertain UK oil buyers. Adding to the upside filters is the descending trend line from November 10, near $81.20. Overall, oil has further room to the south but it all depends upon OPEC+.by MTradingGlobal0
Brent Oil Nearing SupportBrent Crude (UK Oil) at its support zone of around 73.3-73.80. Will it hold?by Kermit_The_TraderUpdated 0