CRUDE OIL MAKING BULLISH PATTERNBreaking out above $73.6 with RSI above 60 in 4-hour or daily time frame will give a target of $80. Strong support at $70.6.
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 tr
Brent Crude Breakout possibleHello 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.
W pattern (BRENT)
The W pattern, or double bottom, is another bullish reversal signal. When you spot it, it often indicates that a downtrend has found strong support and is ready to reverse upward. The two troughs of the "W" shape are key areas of support. Are you anticipating a specific stock or asset to break out
BRENT potential BUY opportunityClosing price currently trade at $73.444 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 75.750 , TP2 is 77.815. stop loss at 72.008.
we can see a 78% retracement before around October starting and now again after bull run 78%
UKOUSD or CRUDE OIL ANALYSISOIL TESTED its sell side liquidity and now its going to buy side liquidity.
Brent Crude - Making Reverse H&S Brent crude has been consolidating and is range-bound for almost 3 years.
Once it breaks out form the current range it would go till 124. Increasing inflation around the globe, especially for countries who are big importers of oil like India.
UKOIL BRENTFalse breakdown of symmetrical triangle pattern could test again $100 in days ahead triggering stop losses and thus heading higher from current levels
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
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Displays a symbol's price movements over previous years to identify recurring trends.