UKOIL trade ideas

sabyasachi_nath

75.63

sabyasachi_nath

Brent likely to comedown after visiting 72.70

sabyasachi_nath

May see a level of $65.xx in near term

lolwutbruh

LONG

sabyasachi_nath

Crude may go to 72.75 and then start moving up.

sabyasachi_nath

Could not cross 2/1 ascending line, the channel thus formed shows Crude is heading for sub 70 level. Interim target 69.75 and in down trend.

NikunjPurohit

RSI showing divergence which is a sign of breakdown. This fall is due to increase in supply from Libya. In my opinion oil should retrace back from 71$ or from 67$ and make new high in next 3-4 months. WINTER IS COMING!

sabyasachi_nath

Support not likely to be broken at 72.67

sabyasachi_nath

In bearish trend, upper limit 76.25 lower range seen at 75 in short term.

vimalskt

Brent looks bullish for short term trading

ForecastCity

Midterm forecast: Although current trend is uptrend but we forecast a downtrend wave would begin in Midterm. Technical analysis: There is a divergence in RSI and price between the peak at 70.35 on 2018-01-15 and the peak at 80.5 on 2018-05-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased. The...

sabyasachi_nath

May go down to 72 in short term if it does not recoup and goes back above 82.25

sabyasachi_nath

Crude is in down trend and is out of 8/1 ascending Gann angle. May find support at 72.

capsule91

the upward targets have been calculated from the point and figure charts

gulz Updated 

Hi, We have potential Cypher Pattern Brent Oil with confluence of Trigger line of PF. Trade levels highlighted on chart. Trade with Care, Gulz

GauravSaini

crude rally has been good so far some consolidation here is expected the break of trend line and day macd moving below trigger, however this wont be a time to short ,personally i only track crude for study purpose and its importance to the economy ,

PrashantRaul1

Brent Crude-Shorting Opportunity Low risk high reward short trade coming in this. Good to short near 68-69.5 with SL above 71 for target 62-58

yossarian121

Brent can correct sharply here. Unsustainable spikes above the 66-67 levels will be great area to short. Longs better exit