CFDs on Crude Oil (Brent)

UKOIL FXCM

MTradingGlobal

Trading sentiment on the floor remains quite depressing as markets await Fed Chair Powell’s half-yearly testimony. However, the bullish chart formation on the four-hour play keeps Brent oil buyers hopeful, despite the latest pullback from $66.76. It should, however, be noted that the oil bulls need to stay away from $63.40 and $62.90 supports comprising 50-SMA as...

dayanithi555

BUY 58 TO 56.589 TARGET 71 Reason For Buying This Script : In weekly frame it is forming the Elliott wave it is having good potential to move upward. so we can go for buy. Now it is in correction mode . Use this opportunity and buy at this levels 58 to 56.589. once it cross 71 and close above 71 in weekly time frame means next target up to 87 . Note :...

sudhannayak

Om Namah Shivay Crude looks positive, it should not go below 63, it has possibility to touch 66,75,86 before going further higher to 97. Om Namah Shivay

MTradingGlobal

Following its run-up to a fresh high since January 2020, Brent Oil wavers around $61.25 amid overbought RSI and sluggish markets. Given the fresh headlines suggesting US-China tension, coupled with the US stimulus gridlock, the commodity has reasons to look for a pullback. However, the yearly peak surrounding $60.26, followed by the $60.00 threshold, can test the...

MTradingGlobal

Although coronavirus (COVID-19) strains probe the commodities off-late, Brent oil’s latest U-turn from 100-SMA favors the energy bulls. Also keeping the oil buyers hopeful is a short-term descending triangle formation on the four-hour chart. However, a falling trend line from last Wednesday around $55.70 can offer immediate resistance to the quote ahead of...

sudhannayak

Om Namah Shivay Trying brent crude oil EW analysis. The structure with EW in Crude OIL have own characteristics. The structure looks like an Impulse after previous impulse + abc structure. Possibly there is small correction or sideway on short term. In Crude, the 5 wave impulse that we counted now, is part of a bigger impulse wave. Previous impulses...

Trader_NishantK

Brent Crude Oil Is Testing The Trendline.

MTradingGlobal

Despite breaking an ascending trend line from early November, Brent oil remains beyond 21-day SMA. However, a clear break beyond the previous support line, now resistance, around $51.30 becomes necessary to renew optimism. Following that, $52.50 and the recent high close to $53.30 can lure energy buyers ahead of making them confront February lows near $53.65. It...

Dino_Naidu

TVC:UKOIL

kakkar

wait for the upside breakout...

kakkar

short till profit target..

koubo

The bearish AB=CD contains the upphase 1.618AB=CD model and the key bit, three-point resonance.

rk10

With lockdowns imminent in a lot of Europe, we could have a repeat in a fall similar to April 2020. Watch for brent below 38.75 for a confirmation of the breakdown. First target 34. SL above 39.50

Dino_Naidu

TVC:UKOIL

ProjectWealth

Check the chart

rambemech

Buy above 45 Target -1 - 58 Target -2 - 70

profitorator

levels to watch .

rk10

Crude is at a key support where it needs to bounce from or it could break down to much lower levels again. If it breaks down it could fall to 37. Why it should concern us..? weak oil = low consumption = weak markets. Watch this space to track which way the big boys thing the economy is headed coz supplies hve been cut sharply..so in an improving economy...