Higher Time Frame Volume and Liquidity BiasYersterday i had the opportunity to look at my charts. Saw a perfect textbook analysis demonstration of the Topdown Analysis. i can Help you Just like comment and hit me up lets chart.
UKOIL trade ideas
Brent Oil Price Faces Key Resistance ZoneBrent Oil Price Faces Key Resistance Zone Amid Geopolitical Tensions
The reasons for the rise in Brent oil prices are a drone attack on an American military base in Jordan, as well as an attack on an oil tanker in the Red Sea. These events cause concerns about the safety of oil transportation through the Red Sea and the potential escalation of the conflict in the Middle East. Bloomberg writes that President Biden is under pressure, and the response can be decisive.
The Brent crude oil chart today shows that:
→ The price strengthened higher than the zone of consolidation (shown by narrowing black lines), having completed its bullish break at the psychological level of 80 US dollars per barrel.
→ The price forms an ascending channel (shown in blue).
→ The price rose to the USD 83.00-85.00 zone, which previously served as a support area, but changed its role in November.
→ The market is overbought, judging by the readings of the RSI indicator.
If the geopolitical tension increases, then the bulls can try to raise the price of Brent oil through the specified zone - it is possible that it will reach the upper border of the channel.
On the other hand, if the fundamental background indicates a decrease in the degree of threats in the Middle East, the price can form a pullback from the resistance zone so that the RSI drops closer to values around 50.
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UKOIL 1,57% short opportunity To put things in perspective, charts and fundamentals are clearly playing in favor of increasing oil prices. Inflationary risk was never away, middle east tensions are bigger than ever, equities at all times highs. I think we will have a round two in higher oil prices. However in the short term, I think we see a fair value gap in the region of 81.60 dollar/barrel. Good luck
WITH BULLISH STRUCTURE ESTABLISHED, BRENT OIL TO RISE ABOVE $90Brent oil last trading week completed its bullish structure, and thus indicating the potential for price to exceed $90 in the coming days. The market has witnessed the formation of a bullish structure characterised by higher-low and higher-high, signifying a positive momentum in the oil market.
N.B!
- UKOIL price might not follow drawn lines . Actual price movement may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#usoil
#crudeoil
#wti
#brentoil
OILHello and have a good time I trade according to these analyses My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels. I hope it is your light
leading diagonal? Three corrective waves = the extension of the Dear Friends,
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Larger side correction pattern of the wave degree
Is Brent Oil Ready To Go For A Higher High? Looking at the short-term technical picture of EASYMARKETS:BRTUSD on our 4-hour chart, we can see that the price is approaching a key resistance area, around the 81.50 hurdle, which is marked near the highest point of December 2023. At the same time, the price remains well above a short-term upside support line drawn from the lowest point of December. Although everything is pointing towards a move higher in the near term, we would still prefer to wait for a break above that 81.50 zone, in order to get comfortable with examining higher areas.
If that break happens, this will confirm a forthcoming higher high, potentially attracting even more bulls into the field. This could set the stage for EASYMARKETS:BRTUSD to move towards its next key resistance barrier, at around 84.60. That barrier marks the high of November 30th. That level also acted as a good area of support on 1st, 2nd and 3rd of November.
Alternatively, to consider lower areas, a break of the aforementioned upside line would be needed. Additionally, a price-drop below the 77.82 hurdle, marked by the current lowest point of this week, could open the gateway for more bears to come through. EASYMARKETS:BRTUSD may then slide to the 76.55 obstacle, a break of which might clear the path towards the 75.26 level, which is the low of January 8th.
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BRENT UKOil Trade IdeaA recent bullish trend is evident in BRENT UKOil on the 4-hour time frame, marked by the development of higher highs and higher lows. My approach involves anticipating a retracement into the 50-61.8% Fibonacci zone, creating a favorable discounted entry point. It is essential to emphasize that this analysis is merely an educational idea and should not be interpreted as financial advice.
Brent Cash ULOIL 24.01.2024Brent Cash ULOIL 24.01.2024
please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
Brent (ICE) may rise to 80.55 - 81.00Pivot
78.85
Our preference
Long positions above 78.85 with targets at 80.55 & 81.00 in extension.
Alternative scenario
Below 78.85 look for further downside with 78.40 & 77.80 as targets.
Comment
The RSI is around its neutrality area at 50%
Supports and resistances
81.60
81.00
80.55
79.60 Last
78.85
78.40
77.80
Number of asterisks represents the strength of support and resistance levels.
UKOIL will go upside but it should complete this consolidation .It's pure price Action so I am waiting for a break of up or down side but as per price Action It's upside.
Brent D1 swing trade bulls 35% buy/hold setup🔸Today let's review the daily chart for brent oil . Noteworthy bounce in progress
after accumulation near lows, speculative XABCD setup in progress.
🔸XABCD is defined by point X at 97.45, point A at 73.70, point B at 93.85,
point C (confirmed) at 76.85, point D in progress at 105.30. speculative
trade setup with advanced entry reversal at point C.
🔸Recommended strategy for BULLS: buy/hold near market, or buy dips near point
C, TP bulls is point D at 105.30, 35% gains potential (unleveraged). swing trade setup,
patience required. good luck, traders!
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Brent Oil Waves AnalysisHello Traders, Base on technical and wave analysis we see this scenario for #Brent Oil for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
OIL INDEXHello and have a good time
I trade according to these analyses
My analysis is based on fundamentals, intermarket analysis, news, geopolitical topics, and of course technical levels.
I hope it is your light
1Q2024 CrudeAt the moment, if crude holds above the 50-day MA level of $78.50, we could soon see a big move higher towards the 38.2% Fibo level of $93.37. The 200-day MA and 23.6% Fibo levels will however offer resistance to this move.
DeGRAM | UKOIL stays below the resistance at 80.00UKOIL is trading in the descending channel.
The market keeps trading below the psychological level at 80.00.
Price is basically consolidating and coiling up before expansion.
We anticipate a rebound from the resistance at 80.00.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
#Brent_oilPossible movement path of #brent_oil:
#Brent_Oil will probably grow from the support area (green) to the first resistance of $95.91 (red) until June 2024. The rest of the resistances (red) have also been identified.
#oil
#Brent
Brent Cash 19/1/2024Please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital.
Good luck to everyone
Brent (ICE) may rise to 79.40 - 79.90Pivot
78.40
Our preference
Long positions above 78.40 with targets at 79.40 & 79.90 in extension.
Alternative scenario
Below 78.40 look for further downside with 77.70 & 77.10 as targets.
Comment
The RSI calls for a bounce.
Supports and resistances
80.60
79.90
79.40
79.07 Last
78.40
77.70
77.10
Number of asterisks represents the strength of support and resistance levels.
BRNUSD_4HBrent crude oil 4-hour and mid-term time frame analysis The possibility of the formation of ABC corrective wave, which is currently expected to be in wave B, and after the end of the range, it will continue to rise towards the number and range of $83 and $85 as wave C. The main and important support number and range is 76 and 77 dollars.
BRNUSD_4HBrent oil ABC wave The beginning of the rising wave C Main support $77 Target 83 and 85 dollars It's not beautiful...!
Brent UKOIL 18/1/2024Please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital.
Good luck to everyone
