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Brent Oil Futures

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BRENTOIL trade ideas

CRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO waveCRUDE OIL CHART on WEEKLY BASIS through Elliott wave & NEO wave Impulse wave completed (5 wave /1 to 5). In this pattern 5th wave was longest wave Now on present wave on corrective phase i.e. Advanced Elliott wave (Neo wave) Upside move target 88. but if it break "ob" trend line thats only possible Note: Crude falling means globally crises to be happed. Its not good indication for stock market. Even Indian Market for good, although not much more fall. Its only for education purpose
TVC:UKOILShort
by pnjakh1984
Brent Crude - BreakdownwUsually not a good sign for stock markets in general if crude oil prices cool off..it often means growth is cooling off..esp at a time when OPEC is shrinking production. Watch for this to be a lead indicator for global slowdown. There could soon be news that the US starts building up the strategic reserves which they used when crude was above $120. If on this news crude doesn't move up it means the market is pricing a recession + then crude can be shorted.
TVC:UKOIL
by rdkriplani
1
Crude oil possibilityLooks like crude oil is in complex correction which has crossed 100% extension and might touch 1.27 (78$) or 1.382 (74$) level It is also trying to take support at 79-78 level which is 0.786 retracement level from recent low-high below that can touch 78 or 74 level in coming days... It might also take support on long trendline 75$ If sharp move from 74 level then it MIGHT make another ATH If it comes before 75 then try buying at 74 level with Sl 73 & target of 90$ + This is just my view please make your own analisys and trade safe
OLong
by harish2104gowda
Crude Oil - BreakdownWHile there has been a complete breakdown in crude oil futures (it could even be signalling an upcoming recession) this might not be a very bad thing for our oil and gas companies. This might now push the govt to scale back further the additional taxes and duties that have been levied on crude/refining and also refined products. Watch this space and track your fav Oil & Gas companies for the same. Also for crude traders can go short with SL above 84 but this pattern does signal a much deeper fall.. Also can look fowards plastic co's and paint companies which will benefit from the fall in crude prices. (key RM for them)
TVC:UKOIL
by rdkriplani