Get started

Brentcrude

Brent Crude: The Big Bear Show! 🐻🐻🐻It has been a while since we spotted bears on the oil market, but they came back in phenomenal fashion! With the yesterday’s offensive, they were able to pull the price shortly under the second support line at $62.36 – a crucial mark within our primary scenario. We expect that the price will further drop below $59.04. From there, we see a more comprehensive bullish run setting in to tackle heights of $80 and beyond. Good opportunities are coming!
TVC:UKOIL
by MarketIntel
Brent Crude has peakedBrent Crude looks like it needs a retracement after its stellar recovery. On the weekly chart we can see that its overbought on all three signals. Oil producers need the price to stay above roughly $40 a barrel. In a controlled environment with limited exogenous impacts the price of oil should stay above $40 a barrel. That being said, $70 a barrel isn't going to work for the non-US consumer. By early April we should see the chart reflecting a healthy retracement. Oil producers have benefited from the recovery in the oil price and the increase in demand post lock downs. Perhaps now is the time to take profits or close out one's position in the oil industry. Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
FX_IDC:USDBROShort
by JesseMorgans
US OIL - to mid 2021 [Overall bullish]Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. A bullish scenario is needed, as well as a bearish , this is a game of patience. Master Key for zones Blue = Monthly Purple = weekly Orange = Daily Magenta = 8 Hour Grey = 4hour Pink = 1 hour See the original analysis here; to capture the extent of the move. The US oil original analysis; December 2020. - The original monthly zones hit towards March to May 2021. This has been successfully achieved now. Monthly Imbalances Price has currently filled a monthly imbalance, with a new fresh imbalance zone awaiting price action to occur. The probabilities are strong here for price to enter into this zone, purely based on the candle wick which has been confirmed from February 2021. The wick on the lower time frames has provided evidence of this reaching a fractal point at $59.20 per barrel. . Price had created an engineered low, for the shakeout of the sellers who are looking for sells of the fresh "high". Note, on the daily, the trend line is well respected with the three soldier candle pattern 'identified as a sell off", however, this is a perfect opportunity to add a long. The monthly imbalance - is still showing the respective low as explained above. The price of oil has continued to show it's strength reaching the next liquidity wick fill at $66.34-54. Now, the next important imbalance zone is yet to be breached and tested. Price can now create a fresh test of the monthly chart, applying as to what the structure on the monthly is showing is, the price can have a high probability of moving back to $60.00 - $62 zone to create a solid rally base rally formation setup. Bearish monthly imbalance scenario: Where price is now entering a fresh imbalance - this is a great opportunity to close out long positions which have been held in a shorter run up or simply close out profits to de-risk and transfer the risk by offsetting shorts. Why? - Simply put, fresh zone is a clear opportunity for the imbalance to occur. The imbalance will be closed out and the market structure will offer a new opportunity. Price can dramatically collapse again with a strong supply, however where price is still showing "long". Oil can be sold off to weekly imbalances or in a worst case scenario to the below Blue, monthly imbalance. Weekly Imbalances The Weekly imbalance provides a good indicator her where price can create a weekly supply or sellers imbalance as the zone is a fresh touch. The probability of price retracing from the newly created high, is a strong possibility. However, as there is a zone higher, Oil can still use this imbalance as a base, to create strong price action floating within a range of $67-60 per Barrel. Look into the smaller time frames for pivot points assessing the risk of entering a trade. Eight hour Imbalance Below are the eight hour imbalances, where a great structure has taken place to provide an opportunity for the base to built upon. The imbalance here will attract the short sellers and scalpers and hedged sellers to cover longs. However the 50% retrace zone aligns perfectly to a strong indicator of where Fibonacci lines mock up a solid alert to monitor the minor inefficiency taking place here. The main wick of interest here - is located at 0.705,for two reasons, one being which touches the bullish trendline - while this co-insides with the inefficiency, this zone is a great area to be present for a engineered fractal for longs. Daily imbalance - for a simplified view Again the imbalance of the monthly aligns with the daily low, so take into account here a inflow opportunity for the building up of a buying imbalance at around $59-60.XX Understanding the context behind Oil with the "disastrous" negative price of the Oil futures crash. 2020-2021. We have seen a nice impulse into the channel and a rejection upon reaching the trendline at $53.00 Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of Oil supply being heavy weighted in comparison to the demand . The spike to zero was the abundance of supply which effectively the storage supply became over saturated and "worthless", the May contracts were not accepted for physical delivery and the paying for the delivery took place to prevent further storage. This imbalance was created in which created the impulse. Price re-established itself with $30-36 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed. UK Crude, Vs Brent - correlation Understanding the Fundamentals behind the Supply, Demand & Future Supply through inflation of cause and effect. Oil prices and levels of inflation are often seen as being connected in a cause-and-effect relationship. Simply put with oil current at $66.00 per barrel, as oil prices move up, inflation—which is the measure of general price trends throughout the economy—follows in the same direction resulting in a higher overall price. Keep in mind, as the price of oil falls, inflationary pressures start to ease. Producer Price Index This is a measurement of the rate of change in prices of said commodity , where the change in prices of the products sold is measured by the producer. The exclusion of Tax, trade margins and transport cost which are all variables a buyer of a physical will have to burden. The PPI is a average movement of price, which are subsequently tracked by the economic indicators dealing with the price fluctuations end users have to pay at the end of the supply line. Below is the inflation ETF vs Oil - providing some crucial cause and effect over the future supply of Oil and where price is overall moving towards, again use inefficiency in the market. Do you enjoy the setups? 10 years combined analysis experience in capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, Team LVPA MMXXI
TVC:USOILLong
by LupaCapital
2
Brent crude soars on OPEC surpriseThursday's OPEC+ meeting became a market-mover event, as members announced that production cuts would be extended in April. This caught the market completely off guard, as OPEC+ was widely expected to raise output by 500,000 barrels per month. Instead, OPEC+ has opted to hold back some 9.2 million barrels from the market each day, until at least the beginning of May. Crude responded to the OPEC+ announcement with sharp gains. Brent crude jumped 4.84% on Thursday, its highest one-day gain in two weeks. With an additional gain of close to 1 percent on Friday, Brent crude punched above the USD 68 line for the first time since January 2020. Oil prices have soared since November 2020, with Brent crude jumping a staggering 76% during that time. The key question now for investors and traders is whether the uptrend will continue, or will we see a levelling off in oil prices. The fact that the global economy is slowly recovering from Covid-19 should translate into higher demand for crude and maintain upward pressure on oil prices. At the same time, OPEC members are notorious for not abiding by production limits, which could put a curb on higher prices. In other news on the crude oil front, the EIA Crude Oil inventories report showed a record-high surplus of 21.6 million barrels. However, this figure was distorted by the recent Texas storm, which resulted in huge stockpiles due to refiners being unable to take on crude shipments. Prior to today's EIA release, nine of the past 11 readings have shown drawdowns, and with significant pent-up demand in the US economy, this trend could well continue. Brent crude has broken above resistance at the overnight high of 67.72 and double top, with the next resistance at 71.52, which has held since May 2019. Support is distant between USD62.03 and USD62.48.
FX_IDC:USDBRO
by OANDA
USDBROUSA Brent Crude Oil has lost its 55$ channel and falls into 54~55 but the bearish power last week was so strong that I don't think that the chart may go back in its previous channel for now so as the market open as the money flows in the chart goes a lil bit higher but it counts as a pullback and then more corrections so be ware with your assets if you are a trader and not a holder its all price and fib retracements and 2 classic indicators (must be enough) for such a clear chart
FX_IDC:USDBROShort
by the-crypto-analyzer
1
Oil Time For Reversal - Short TradeOil Short Trade Entry: $53.76 TP & RR: $52.41 Stop Loss: $54.51 REASONS FOR THE TRADE So far Oil has respected the channel and I believe that it is now reaching a point of exhaustion. This upper trendline from the channel is also in confluence with a fairly strong resistance level, so I believe a small pullback is due. The Stop Loss is well above the channel and similarly to the trade from a few days ago, if the price starts pushing up we will close the position because a spike up should follow.
TVC:USOILShort
by Quant_
USOIL Ascending Triangle - Long PositionUSOIL Long Order Entry: $51.04 TP & RR: $52.49 (2.54) Stop Loss: $50.47 USOIL Short Order Entry: $51.50 TP & RR: $50.01 (4.14) Stop Loss: $51.86 REASONS FOR THE TRADE As you can see I have mapped two potential trades here, but since the first one is Long, that's the center of the analysis here. What we see is an ascending triangle in an uptrend, so I expect Oil to have an explosive move up (no pun intended). With that being said, I also think that this trend is starting to get a bit exhausted, so if the price breaks down from the lower trendline I will be looking to open a short position. Alternatively, if it reaches the upper trendline I will hedge my long with a short to protect my profits and look for a suitable place to close the losing trade.
TVC:USOILLong
by Quant_
WTI & BRENT: Santa was very nice to us this year! (MOVE ↑ of $2)Hello. My name is Francois Normandeau. Here is a quick recap of today's trade on West Texas intermediate on the left and Brent oil on the right we can see that we had an entry here on the short term momentum indicator. The close of the trade is when either one of those two indicators leave the by zone. So this happen here at 12:23 p.m. And price was 4828. So in the end this one from 46:29. To 4828 This main trade lasted about 10 hours and a half. A move up of about $2 on us oil and $1.85 on Brent… a substantial move. We can see here move confirm on this modified ADX indicator here. One move, one leg, consolidation, second move, the second leg, so we can see this here this up move is here and then a consolidation and then a second up move, which is this one here and we see the same thing on Brandt on the other side. We have the signal for an entry on the short term momentum indicator here and a second signal for an entry on this midterm momentum indicator here and the signal for the close here when we see one of those two indicators leave the buy zone . This would have been I've been the close of the trade and the same logic applies to Brent for the entry for a trade here. A second signal can be seen here and the signal for the end of the trade here, confirmed. So quick recap on a very interesting trading day today. My name is Francois Normandeau and I will post more information on our website ADX-BRIEFING. Thanks. Take care and have a good week. Merry Christmas to you and those you love. Francois Normandeau Institutional Research Director for ADX-BRIEFING TVC:USOIL NYMEX:CL1! TVC:UKOIL
TVC:UKOIL
by Pine_Academy
WTI & Brent : important UP day. Trade of 70 pips, closed.Hello. My name is Francois Normandeau. This is a trade recap for ADX-BRIEFING. Here is the most important trade of the 2nd half of the week. 70 pips on WTI and 70 pips on Brent. TVC:USOIL TVC:UKOIL Closed over an hour ago and then, we initiated a short position on both markets. We have some profit on this new trade but nothing substantial as of yet. Mode info in the video and on the site. Wishing you a great weekend. F. Normandeau Institutional Research Director for ADX-BRIEFING
TVC:USOIL
by Pine_Academy
4