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CFDs on Crude Oil (Brent)

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UKOIL chart

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About CFDs on Crude Oil (Brent)

The Brent Сrude oil was originally produced from the Brent oilfield in the North Sea. About 2/3rds of all crude oil contracts around the globe include Brent Сrude oil, making it the most popular marker. Its relatively low density and sulphur content are the reasons why it’s described as light and sweet. One of the advantages is transportation since this type of oil is waterborne. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum and has a UKOIL ticker symbol.

Ideas

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
can Brent break it's long term distribution cycle?Expecting to create accumulation cycle and is going to break up to weekly distribution trend on the bottom side weekly trend was hit and held. Long term daily downtrend is distributing. Now weekly uptrend is held and trying to create long term accumulation cycle. Long term target might be 91. But we
CRUDE OIL TO BOILTVC:UKOIL seems to have completed triple zigzag correction in wave 2. Near to breaking out of Falling wedge. A Robust Rally in Wave 3 of Bull Market which can take it abv $300 in next 2 years. Bullish OIL is Bullish for stock market.
Long
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Brent Crude Oil - 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.
UKOIL - BreakdownWith 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.
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/refi

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Technicals

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

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Related symbols

Crude OilCL1!
Crude OilUSOIL
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Brent Crude OilBCOUSD