UKOIL BRENTFalse breakdown of symmetrical triangle pattern could test again $100 in days ahead triggering stop losses and thus heading higher from current levelsLongby diwakar.solankiPublished 1
Brent Crude - Making Reverse H&S Brent crude has been consolidating and is range-bound for almost 3 years. Once it breaks out form the current range it would go till 124. Increasing inflation around the globe, especially for countries who are big importers of oil like India. by Imran_I_AhmedPublished 1
Brent CrudeDate 04.09.2024 Brent Crude Timeframe : Weekly Remarks : If breaks multi year support & closes deeply on weekly timeframe then its not a positive signal as far as global economies performance is concerns, mainly from West & China. It has some positive impact on our current account deficit due to lower crude import prices & if dollar correction will occur then it will add more efficiency however, with respect to global demand its both ways earnings damage as well some input cost impact. The International Energy Agency (IEA) projects global oil demand to grow by slightly less than 1 million barrels per day (mb/d) in both 2024 and 2025 Its one of the most important leading indicators including Baltic index, interset rates, job data & bond yields. Regards, Ankur by AnkurSinghPublished 11
Crudeoil bullishCrudeoil going long, looks like correction is just completed risk taker can enter.Longby Ajay7871Published 7
BRENT (FOREX) WEEKLY TIME FRAME"Brent Crude Oil is a major benchmark for oil prices worldwide. The chart typically displays the price movements of Brent Crude over a specific period, such as days, weeks, months, or even years. Key components of the chart include: 1. Multiple Support From Lower Trend Line 2. Likely It Will Take Support From The 76 3. Even On The Weekly Time Frame It showing A Weak Selling Pressure Although It Trading below ALL the 100 MA but worth to watch and wait for a bullish candle to confirm are entre price and should be place around 72$ can be good 1 ratio risk reward Thank You <3 Follow For More Longby FaizgaziPublished 5
UK Oil - Ending diagonal elliott wave ?Uk oil is consolidating from a long time and it is taking support on a trendline and making compression pattern from march 2023, As per my wave analysis we can see crude around 60 dollars. After touching 60 we can see crude oil in uptrend. This is the last wave of downtrend 5 th wave. ThanksLongby THINKLIKEATRADERPublished 1
BRENT Decent range breakout in brent can enter ones the price has tested the levl of 86.650$ can go long with the stoploss of swing low Longby FaizgaziPublished 3
Buy CRUDE oil now MXC buy near 6510 , we get 9-10% move on sell On Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTraderPublished 0
Crude Oil AnalysisHello Friends, Hope you find doing well. As there are so up down in market now a days because of many reasons Elections, war, Global data, USDINR, DXY. So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader. As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we will se break out up side and we can make better position according. It may trigger by global data or by war declare. Plan your trade according your analysis. I do not recommended to do as i said. I just analysis chart pattern and data which make positive price action. Best of luck Regards. Longby apstockanalysisPublished 3
BCOUSD : Bullish Momentum Signals Potential Surge to $104-$124 Brent Crude Oil charting its potential trajectory amidst current market dynamics. Through a meticulous examination of technical indicators and chart patterns, a compelling case emerges for an imminent bullish surge within the $104-$124 range. Based on the comprehensive analysis of these factors, it is anticipated that Brent Crude Oil to embark on a significant upward trajectory, targeting a price range between $104 and $124. This projection aligns with the prevailing bullish momentum and anticipated price appreciation. Longby madhusudhan_arjunPublished 2
Bad times possibly ????Brent and Dollar near crucial weekly resistance. Any breakout could bring pain for Niftyby no-one-6Published 2
CRUDE oil MCX also sell on every rise till recent high not breakOn Our Harmonic pattern indicator based trade setup take trade as explained below :- Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target , When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% .. Please note:- It's working on news based and volitile market very well so exit if SL hitby JaiPrakashShuklaHarmonicTraderPublished 7
Brent Crude BullishW pattern in making already reversed from Double bottom. rest all levels are marked on the chart. Breakout Based: Buy above 95 SL 91.5 Tgt 114 - 120 - 131 Support Based:- Buy near 87 SL 82.5 Tgt 95 - 114 - 120 - 131 This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered. Happy Trading.Longby MasterTrader1949XPublished 27
UK OIL Technical Analysis - The weekly outlook for UK Oil looks very positive and promising - The base is getting matured on the weekly whereas the Daily base has already matured - As of now waiting for the base to form and enter once you see a low getting taken out by huge demand - My Bias over this is straight bullish and nothing else to consider Longby VKtradesimbalancePublished 2
can long oil can long oil entry at - 85.70 sl = 85.50 tp 1 = 86 tp 2 = 86.5 tp 3 = 87 Longby mohit24876Published 2
UKOIL BRENT CRUDEAfter 5months of rigorous compression it nears its long term resistance trendline With VCP pattern its likely to break resistance forming upthrust candle.stop loss closing below the rising support trendlineLongby diwakar.solankiPublished 1
Crude levels - Bearish bias due to fundamentalsOn a downtrend with strong support at 72. On confirmation of breaking upper line can enter but problem is with fundamentals. Saudi cutting 2 dollars is bearish as it decreases the incentive for US producers and showes the lack of confidence with respect to demand. So Can even push below the 72 support and go down before uptrend. Till then wait and watchby decentFinPublished 2
UKOIL is on hourly demand zone. Good opportunity to go long .UKOIL is came back 3rd time on its major demand zone. I am expecting to go up in US session. this is a swing trade so hodl it.Longby Trader_1938Published 6
Oil headed towards $60. A Real possibilityOil has tendency to fall by more than 70% from the top. After topping out at $138. After many production cuts and effort to arrest fall in price by OPEC+ and news that Oil is headed to $300, Oil continues to show weakness. Lower demand from bigger economies, expectations of falling Oil price and shift to alternate fuel will further pull-down Oil prices, possibly to $60 by end of year 2024. Shortby varunrrathiPublished 3
Brent Crude Oil - Target US$ 93Brent Sweet Crude completed primary wave 4 with satisfactory completion of pattern, down to the miniscule degree, yesterday. The rebound since then, appears to be the impulse of primary wave 5, though its too early stage to conclude whether it would be impulse or diagonal. Even if wave 4 were to continue into double correction, there should be retracement back to $84-86 to achieve 50% retracement back forming X to pave way for double threes. However, given the primary 1 to 3 structure and pattern, previous cycles' internal characteristics, it seems less probable that this primary wave 4 would take a double or triple three route. In either condition, whether the current upswing is impulse of wave 5 of primary degree, or X of double correction, $84 is the first target, thereafter $93+. Opportune time to open long, when the world is offloading stocks, that's the time to buy. I am adding fresh long to my existing long position (though I am bit late, yesterday on completion of pattern I was convinced, but wasted time in reassurance through many iterations). Disclaimer : The contents herein are my personal views, for me to make an investment decision, shared here with an objective of seeking views and comments from traders community at trading view platform. Nothing contained herein should be construed as an advice, offer, inducement or encouragement to buy or sell any shares, security, derivatives linked to the security, debt security or any other security of the company mentioned herein. The readers must make their own independent assessment, evaluation and valuation of the company and/or any of the securities issued by it or referenced to it. The reader is advised to take advice from their professional financial advisors before entering into any transaction or making a financial decision, without relying on anything contained hereinabove, or views given as addendum or comments hereafter. The author shall not be responsible or liable, directly or indirectly, for any loss or damage, including loss of profits, caused to the reader, or any other person or third party, whether pecuniary or otherwise, whether in present or in future, whether incurred or probable. Any replication of the contents herein is strictly prohibited except with the prior written consent of the author.Longby Gjain75Updated 3
Crude oilaccording to wave analysis still i can't say that correction is all completed as we can see chart so it can be double zig-zag and will reach to 65 and then bullish run is going to start and will reach at least 187 and then 263 after that corrrection is going to come for 4th wave.by eku7856Published 3
Crude Oil Monthly UpdateCrude Oil again proved that Volatility means 'Crude Oil' Only a Professional Trader can win with the success ration of 70-80% max if trade reglarly. Now imp levels for the month of Dec is disclosed in this very imp video... Kindly watch07:14by FiveCirclesPublished 7
Crude Oil Short Term OutlookCRUDE OIL Clearly visible triangle formation TREND IS RANGE BOUND to NEGATIVE01:30by FiveCirclesPublished 4