Crude can consolidate here for now within the trading range, is seeing a reversal after a sharp dip few days back.
When price take support near any well defined boundary and 200 Day Moving Average at a same place price create a inflection point and in this set up doji act as a trend reversal but personally i fell happy if doji fail this time .
After huge rally it seems that UKOIL which was stuck in range where distribution took place, can break the range down. This rally was indicated by me when Brent was 94, have a look: But, now it looks like the rally is over and it could start stepping down. Also, it has given a breakdown from head & shoulder pattern and along with this UKOIL has also broke...
Buy only above 113.400 for target of 114,114.900,118 Sell near 111.700 -112.000 for target of 110.9,110,108 based on SR and trendlines Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Brent Crude can test USD 118 per barrel in the medium term to long term perspective and at the maximum resistance is seen at USD 183 per barrel.
Crude facing resistance near 124. Noticed #ThreeBlackCrows pattern near the resistance zone. If not taken out convincingly, then it has high probability of retracing till 113/106. Any trend continuation will happen after some cool off.
Brent oil prices grind higher around late March tops, staying above 10-DMA inside a monthly bullish channel formation. Given the firmer RSI backing the black gold’s gradual north-run, the quote is likely to overcome the immediate hurdle, namely the late March swing high around $124.40. However, the stated channel’s upper line near $127.50, which if ignored could...
Today with Saudi increasing prices to Asiam shipments for July crude could break out of the wedge once its markets open on Monday. If that happens crude could once again attempt to reach its recently made highs (where it could once again face a lot of resistance or one sided momentum). Watch this space as this migth decide the inflation going forward and how our...
Crude is retesting the breakout levels at higher end of previous range with 21 dema nearby that could act as short term support, RSI though declining is still above 50. likely trade :- put option writing
UKOIL is trading at higher end of range created breakout or rejection will have 7 $ move on either side
Brent oil prices managed to bounce off the crucial SMAs and 61.8% Fibonacci retracement of the late February to early March rally, despite posting meager weekly gains. Firmer RSI and the higher-low formation since April also keep the black gold on the bull’s radar. However, the upside bias needs validation from a two-month-old horizontal hurdle surrounding...
Crude oil may rally soon . Getting out of triangle soon. No advice to buy or sell .
Although a fortnight old rising channel portrays the bull’s command over Brent oil, backed by the fears of a supply crunch, the commodity prices have failed to portray a notable run-up. On top of that, the quote is heading towards a short-term key hurdle surrounding $115.70, comprising a horizontal line from late March and the upper-end of the mentioned channel....
Midterm forecast: While the price is above the support 95.108, resumption of uptrend is expected. We make sure when the resistance at 131.000 breaks. If the support at 95.108 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI support #1 at 42 is not broken, the probability of price decrease would...
CrudeOil trend is up, with Target 130 & 160. The Red Lines In The Graph.
TVC:UKOIL UK Brent Oil can retest or break 102$ per barrel in short term. Ukraine And Russian Crisis cool off can make oil cheaper. Trade on your own risk and analysis.
CrudeOil Took Support At Green Line. CrudeOil uptrend continues. 📈🐂 Red lines are the possible targets for this uptrend.
Crude 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.