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Brentoil

Crude Oil (WTI) Bearish Trend Continues 🛢️ Weekly update for WTI Crude Oil. From the beginning of September, the market was forming a descending triangle formation - a classic bearish accumulation pattern. Its support was broken on Friday last week. I believe that it will trigger a further decline. Next supports: 74.5 / 71.5 levels. For entries, consider a confluence zone based on a trend line of a triangle and its neckline. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
TVC:USOILShort
by VasilyTrader
6
Brent oil - Price Action Analysis Due to Ukraine-Russian war, CAPITALCOM:OIL_BRENT price was sharply accelerated But from Jun 2022 , price was making lower lows after unable to close the high and defeated. So how far it can go, for that we need to understand price action in higher time frame. Weekly TF (higher Timeframe) : After Pandemic deep , Price clearly making higher- highs and also bounced from taking support of dynamic trend line. At the end of the week , Price may get support from the same dynamic line but still we didn't get confirmation whether it will continue the trend or it is a reversal? That visibility is available in daily TF. Daily TF : After knowing from the higher TF (Weekly), we get a initial idea how's the price was reacted from dynamic trend line and also it is making falling wedge with structure of LH -LL. There are two possibility we can get over here : 1. Either this bounced from the trend line will sustains and price will break this wedge structure and makes Higher - highs. (P -1) 2. Price will again reject from the mention levels and following the trend. (P -2) In Conclusion , My observation still at the down side because there is no clear direction of structure breakout or change in price-action that supports any bullish price action. Buyers can wait till price comes at demand zone or you can follow the price action. Sellers can get opportunity when price reject from above mention levels and clear confirmation in terms of the volume and momentum. If you have a different opinion, please share your thoughts in the comment section. If you like my ideas, please show some appreciation with a like and follow me for more such trade ideas. Happy and safe trading! :)
CAPITALCOM:OIL_BRENTShort
by vraj8597
Bull flag on brentI do hope this does not come to pass, appears we have parallel down in price range of brent crude since 2008. it would fit into the retarded global warming narrative, 'we have to charge more for fuel- Co2 is destroying the planet, not Soros and WEF Schwab , lithium pools, mining and war.'.. no no no, plant food(CO2) is destroying the plants and the planet and you, it's you destroying the planet... bold boi! aside 2008 Brent was €148 a barrel- we paid €1.20 for a litre of petrol in Ireland 2021 Brent was €137 a battel- we pay €2.20 for a litre of petrol in Ireland- see it's all Russia's fault Brent is €90, we still paying €1.90 Oil will go higher, the WEF and CO2 alarmists will make it so
TVC:UKOILLong
by bandelero
1
OIL target reached. UPDATEOIL showed one more bos, and now we have a new price expansion to the downside. Please check the linked ideas for better context. 📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. 🔹 if confirmed = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, and share your ideas and charts, I'll be glad to talk to you💬
TVC:USOILShort
by Yelli_trades
15
OIL WTI -01/09/2022-• Increasing bearish pressure on the oil following China's downgraded growth forecasts, lockdown and increasing chance of a recession worldwide • Forecast on oil demand lowered for the months ahead • Technically, the series of higher highs/higher lows has been broken clearly and successfully • Bears in control • Next support is the 85 level (high 2021), followed by 77 critical level (high Oct 21 and high 2018) • Bulls need to reclaim the 92 figure to re-gain control
BLACKBULL:WTIShort
by RamziAbouAbdallah-CMT
BRENT CRUDE OIL BEARISH PREDICTIONSPrices of petroleum are declining due to increased output by OPEC and United States and weakening demand by the Chinese economy. RSI index of the Daily graph of BRENT is below the neutral line of 50, and MACD histogram, although still above 0 line, is declining. If the price keeps falling, it might test its previous support at 91.50 and if it breaks it, it might target levels of 84. Alternatively, it might try to reach levels of 105.5 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
BLACKBULL:BRENTShort
by legacyFXofficial
BRENT CRUDEHello and welcome to this analysis UKOIL (Brent Crude) is approaching the PRZ (Potential Reversal Zone) of two bullish harmonic patterns, AB=CD and Gartley near $85. This level also coincides with the monthly Ichimoku Base Line support. The expected rally from the suggested levels could take it towards $115 In case the up-move takes place before completion of the Harmonic Patterns, then the confirmation will come on it sustaining above $101 In terms of MCX Crude - the corresponding levels are $ 85 > INR 6100 $ 101 > INR 7600 $ 115 > INR 8400
TVC:UKOIL
by Dinesh_C_Nagpal
#UKOIL (Brent Oil) : 08.23.22 This is the possible trend of #UkOil (Brent) and there's 3 scenario that i indicated them on the chart , everything is clear , but just in case if you had any questions please feel free to ask ! Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 08.23.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
TVC:UKOILLong
by ArmanShabanTrading
17
Brent: Territory 🐻The bears have their territory under control and plan to extend it further, more precisely, till the blue lake between $76.67 and $70.61, where they should fish for the end of wave 3 in blue. However, there is a 38% chance that the bulls could make an appearance and challenge our furry friends. This challenge, though, should only be successful if they can make it above the resistance at $107.64. And even if they can assert themselves, their influence should merely last through the turquoise zone between $109.81 and $118.58. Then, the bears should regain power.
TVC:UKOIL
by MarketIntel
1
WTIOil in a bit of trouble here, likely entering a 6-10 month bear market correction. Downside target can hit the 618% of the entire 5 moves off the 2020 lows when WTI went negative. Currently a lower time frame A wave has bounced off the 618% fib retracement level of the 5th wave. But we must correct that entire 5 up not just the 5th wave. We should bounce into a B wave soon on the daily before making the larger C wave down close to $80. After that The HTF weekly A wave is complete and bounce again into HTF weekly B wave before finally nuking to $50 wave C to complete the entire move. You better BTFD IMHO guys because after this is done oil prices likely to run back turbo over $130.
FX:USOIL
by Big_Mike716
1