UKOIL BRENTFalse breakdown of symmetrical triangle pattern could test again $100 in days ahead triggering stop losses and thus heading higher from current levels
Brent CrudeDate 04.09.2024
Brent Crude
Timeframe : Weekly
Remarks :
If breaks multi year support & closes deeply on weekly timeframe then its not a positive signal as far as global economies performance is concerns, mainly from West & China. It has some positive impact on our current account deficit due to
BRENT (FOREX) WEEKLY TIME FRAME"Brent Crude Oil is a major benchmark for oil prices worldwide. The chart typically displays the price movements of Brent Crude over a specific period, such as days, weeks, months, or even years. Key components of the chart include:
1. Multiple Support From Lower Trend Line
2. Likely It Will Take
UK Oil - Ending diagonal elliott wave ?Uk oil is consolidating from a long time and it is taking support on a trendline and making compression pattern from march 2023, As per my wave analysis we can see crude around 60 dollars.
After touching 60 we can see crude oil in uptrend. This is the last wave of downtrend 5 th wave.
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BRENT Decent range breakout in brent
can enter ones the price has tested the levl of 86.650$
can go long with the stoploss of swing low
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 profi
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
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
Bad times possibly ????Brent and Dollar near crucial weekly resistance. Any breakout could bring pain for Nifty
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