Breakdown and downtrend continuation in a descending channel for #ukoil keep tracking it for short term trading
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.
- Brent Crude is following Downward channel and heading towards 64 - 65. - Major Support at 64 - 65 - Major Resistance at 87 These are my personal views and are for educational & papertreading purpose only. please consult your financial advisor before investing.
Looks 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...
With US marketss falling and Crude falling in tandem..its not a good sign for the economy.. It could be a lead indicator for weakness in the markets.. Watch for stoplosses if this continues to melt down further. If your trading oil..short at current prices with stoploss above 83.50.
the crude oil is looking good the beginner trader can take some notes.
this is awolf wave patten formation on oil can give some great return it one can follow the chart
it is seem to be a good opportunity in oil one can have a look on it
WHile 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...
Brent Crude can fall to USD 85 per barrel in the medium term
looks like a small breakout next resistance on another trend line but looks like oil is going to boil from here watch out
weak setup on charts ,can see more declines as it is in downtrend a dual top formation also took place near term support at 81 trading below key averages
Brent oil (Cash) double top breakout with target $82, wait for confirmation closing below $88.50 (not certified advisor, please do your own research)
Brent oil crossed a downward-sloping resistance from mid-June to refresh the monthly top on Friday. However, a sustained break of the 100-day EMA, around $99.50 by the press time, as well as the $100.00 threshold, appears necessary for the buyer’s conviction. Following that, the black gold price could quickly rise towards the 50% Fibonacci retracement of the...
crude oil has been in parallel channel since Dec 2008 based on Oct 2021 monthly closing we may expect a trendline BO in crude oil. Expect your petrol price to rise accordingly
Back in February, when Russia launched its invasion of Ukraine, a victory for Kyiv would have been almost impossible to imagine. It's the classic David and Goliath. Recent developments on the battlefront, however, are starting to paint a different picture, showing the possibility of Ukraine ending the conflict with a win. On paper, the war is just between Ukraine...
Brent crude is hovering near confluence of rising trend line and horizontal pivot line placed near 87 handle which is a make or break zone.
On Trendline breakout Brent Crude possible to come back again to $100+ club