Get started

Crude Oil Brent

TS ❕ CADJPY: under 92.178As a result, the upward impulse for the CADJPY currency pair came up against the resistance level 92.178, which has already manifested itself in history. In the nearest future, the price will most likely be just below this level. BUY scenario: An attractive buying area is located near the support level 91.270. Where can one try to look for points to buy with the target of 92.178. The area is excellent in terms of a good risk/reward ratio. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
4
TS ❕ BRENT: correctionThe oil price is inside the ascending channel and the instrument is now in an uptrend. After correction to support level 82.93 or 80.75, oil has prospects for further growth. SELL scenario: The resistance level 85.15 has confidently kept the price from rising and now a correction to the support level 82.93 is very likely, where the support line of the uptrend channel is located. After small upward pullbacks, one can look for sell entry points. The correction can also last up to the 80.75 level. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
TVC:UKOILShort
by UnknownUnicorn15614419
3
TS ❕ EURUSD: false breakoutSince mid-November 2021, the EURUSD currency pair has been holding in the range of 1.12725 - 1.13570 (average). At the very beginning, the price managed to touch 1.11845, after which there was a rebound to the upper border of the previously indicated range. Selling is a priority, as it is in the direction of the trend. And the level 1.13570, near which the instrument is now being traded, and it is supposed to look for entry points to sell. SELL scenario: At the moment the price is trading above the level of 1.13570. However, it makes sense to wait and see if the price closes below this level again or not. In case of such an outcome, it will again be in the range 1.12725 - 1.13570 and the price will rush to its lower boundaries. ----------------------------------------------------------------------------- Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
4
IF a new bullish impulse is coming. How can I trade it? | USOIL Today, we will look at one of my favorite assets to trade Crude Oil / USoil or the ticker you like the most. The main scenario I want to get ready is a possible bullish movement based on the current price action I'm observing. - Bullish impulse coming from 0 towards 77.5 - 77.5 is a major support resistance that has been working since 2006 - That level worked in two ways in the past every time the past reached it from below. We observed major bearish movements, or we observe choppy conditions on edge with following bullish movements towards prices like 110 Ok, so based on that what can we expect? Based on the current conditions, I can see a lot of similarities between the current bullish impulse with the previous bullish impulse that happened from January 2009 to May 2010. Even the size of the correction happening right now shares deep similarities with the previous one. That's why I'm thinking about this bullish scenario happening in 2022. I have looked for several examples in the past to define the current template I will share here regarding how I want to trade it. This is my conclusion. So, if the price breaks the current correction and makes an 8% to 12% retracement, I will set pending orders on a new high and stop loss below the retracement with a target on the next resistance zone around 110. Of course, this is not happening right now; that's why patience is very important. Also, remember that we are working with statistics; therefore, the scenario may never happen, which is great because you didn't risk any trading capital. The risk I will be taking on a setup like this is 3% of my trading capital; the risk to reward ratio I will be aiming for is 2.5 (for every dollar I'm risking, I'm looking to make 2.5), And the odds of this setup being right would be around 50% based on my historical results trading this asset and backtesting it. Thanks for reading! Feel free to share your view in the comments.
TVC:USOIL
by ThinkingAntsOk
3
UKOIL WHAT NEXT ??I still believe that UKOIL will also be bullish due to the following reasons: after markets have bushed price over 80.35 price had began making an impulse move to the downside with yet respecting its now created support this has created a bullish triangle indicating bullish movement is soon to come. the RSI is still above 50% telling us we are still bullish ----------------------------------------------------------------------------------------------- fundamentals WEDNESDAY, JANUARY 5 13:15 USD ADP Employment Change(Dec) 14:45 USD Markit PMI Composite(Dec) USD Markit Services PMI(Dec) 19:00 USD FOMC Minutes ----------------------------------------------------------------------------------------------- THURSDAY, JANUARY 6 13:30 USD Goods and Services Trade Balance(Nov) USD Initial Jobless Claims(Dec 31) USD Initial Jobless Claims 4-week average(Dec 31) 15:00 USD Factory Orders (MoM)(Nov) USD ISM Services Employment Index(Dec) USD ISM Services New Orders Index(Dec) USD ISM Services PMI(Dec) USD ISM Services Prices Paid(Dec)
TVC:UKOILLong
by LUNGU_FX
USDCAD: under the pressure of sellersAnd so, the USDCAD currency pair continues to trade below the resistance line, which indicates a continuation of the downtrend. The Canadian gets support from the rise in oil prices. So far, it is expected to sell to the price area 1.26127 - 1.26426, where the support is located. If it breaks through, the price will rush to the level of 1.24926, which is already a strong support and a serious obstacle for sellers in USDCAD. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
4
UKOILSPOT is on bearish momentum! | 24 Dec 2021Prices are at closing near our pivot which is an area of Fibonacci confluences. As the daily chart show strong bearish momentum, we see a potential sell entry at 77.51 which is an area of Fibonacci confluences towards our Take Profit at 72.76 in line with 61.8% Fibonacci retracement and 78.6% Fibonacci extension. RSI is at a level where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:UKOILSPOTShort
by Rockqet
UKOILSPOT is on bearish momentum! | 23 Dec 2021Prices are on bearish momentum. We see the potential for a reaction at our sell entry at 76.14 which is an area of Fibonacci confluences towards our Take Profit at 72.76 in line with 50% and 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum and RSI are at a level where dips previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:UKOILSPOTShort
by Rockqet
CRUDE OIL - Purple War Zone!CRUDE OIL is overall bullish trading inside our brown rising broadening wedge and now approaching the lower brown trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups. Moreover, the 66.0 is a strong support zone. So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline. As per my trading style: I will be looking for a bullish reversal setup. For example, we have a trendline formed on H4 and we are waiting for the buyers to prove control by breaking above the last high in gray. Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
OLong
by TheSignalyst
1
UKOILSPOT bearish continuation! | 22 Dec 2021Prices are on bearish momentum and abiding by our descending trendline. We see potential for a dip from our sell entry at 74.1 in line with 161.8% Fibonacci projection and 61.8% Fibonacci retracement towards our Take Profit at 71.25 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:UKOILSPOTShort
by Rockqet