CFDs on Crude Oil (Brent) UKOIL

Break down the 2y7m ascending channel- focus shifts further down to 200MA http://www.keytomarkets.com/blog/blog/ktm-commodity-brent-jump-and-dumped/

Brent oil prices are down by more than 13.00% from October high’s and lost all the key MAs. Selling pressure remains very strong; a descending channel is still evident in the daily chart. However, turning to the daily indicator, RSI study reached an oversold level; currently sits at 30.0 and the oscillator is trying to form a base sooner. Technically speaking, ...

Though Brent has come down in last 3 days, still its in uptrend. If this uptrend sustains in coming week, possible upside target is $83-85

LONG_Brent Crude 82.5-83 Levels & MCX 5300 level

Oil Struggling !!!

bad Sign, as brent took support right there where it was supposed to but i didnt want it to !!! this can again set the crude to go and we all know its consequences. lets see how it spans out next week.

waiting to see how it behaves around 88-92 !! thats when i think (hope) it might cool off !!! wait and watch

CONSIDERING ENTIRE SWING NEXT RESISTANCE COMES AT 94.77

Long UKOIL check chart

Multiple SUPPORT $78.59 - $78.49. In Last Candle Bounced from $ 78.59 In 2nd Last Candle Bounced from $ 78.49 Closed Below Drag to $77.51, $ 76.92-

Another analysis shows Inverted HnS on Weekly charts of Brent. Target is the length from Head to neckline ,which suggests target $91.50 My previous analysis suggests rounding pattern on daily charts whose target is also near this zone.. So charts say that we ll see crude at 90/91.5 in upcoming days,..

Whatever it is,it's bad for oil importing countries.. $80.5 is the level to watch out for..

Crude moving down south.

Oil traders eyed fresh insights from OPEC and IEA reports Supply crunch back on the table The downside prevails as long as 79.50$-80.50$ is resistance zone The monthly OPEC report will be released on Wed, 12 Sep and IEA report will be published on Thu, 13Sep respectively. We believe this week’s Brent crude oil price action is likely to remain controlled by ...

The down trend has started and we may see a sub 70 level by end of this month

75.63

Brent likely to comedown after visiting 72.70

Brent oil price fell 1.0% last week for a third week in a row, as the Turkish Lira crisis ignited the economic growth concerns. On Monday the oil price volatility stabilized, and the price inched up by 0.6%. From June high’s the price declines for six weeks out of seven. Recent weakness attributed to the ongoing trade concerns and a dip in global economic growth, ...