CFDs on Crude Oil (Brent) UKOIL

AlgoBoffin

#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.

MTradingGlobal

Brent 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...

QuackStocks

Crab on its way to take oil for a century ride. 3 possible scenarios.

NaveenGr

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.

AlgoBoffin

#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.

MTradingGlobal

Brent 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...

starkraptor000

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DoublebassmaniawithPranav

New 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 :)

MTradingGlobal

With 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...

Kermit_The_Trader

Brent Crude (UK Oil) at its support zone of around 73.3-73.80. Will it hold?

MTradingGlobal

Although supply crunch talks trigger Brent oil’s bounce off a two-month low the previous day, the black gold remains pressured towards re-testing the 100-day EMA level amid US push for more output and fresh covid woes from Eurozone. It should be noted, however, that the quote’s weakness past $77.85, comprising the stated EMA, won’t hesitate to challenge the 50%...

MTradingGlobal

Brent oil fades bounce off 61.8% Fibonacci retracement (Fibo.) level of September-October upside, drops back below 200-SMA amid bearish MACD signals during early Friday. The UK benchmark for oil currently eyes 50% Fibo. level of $81.55 on the way to retest the early November trough surrounding $80.80. However, any further downside will be challenged by oversold...

reetu897

Short opportunity in uk oil@85.85 ,sl@86.8 for a target @83.7. Disclaimer: we are not registered adviser.charts and views are for educational purposes only.

MTradingGlobal

A two-month-old support line break joins the failures to keep rebound from 20-DMA to favor Brent oil sellers. However, a clear downside break of the $84.00, comprising the immediate moving average support, becomes necessary. Following that, a fall towards $80.00 becomes imminent. Should the oil sellers keep reins past $80.00, the mid-September high near $76.40...

SunilDhawan

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

CHETANK05

TVC:UKOIL crude oil chart has shown major breakout on monthly chart which represent long term bullishness in crude oil.

MTradingGlobal

Brent oil prices consolidate the heaviest daily loss since late August, not to forget reversal from November 2014 levels, while picking up bids to $81.70 during early Thursday. The oil benchmark refreshed the multi-day top the previous day but overbought RSI joined firmer USD to drag the quote towards the first negative daily closing in six days. However, the...

MTradingGlobal

Brent oil consolidation the early week’s oversold RSI conditions while dropping back below $78.00 on Wednesday. However, an ascending support line from August 23 and 100-SMA, respectively around $76.70 and $75.00, will challenge the quote’s further weakness. Even if the British oil benchmark drops below $75.00, a horizontal line comprising multiple levels marked...