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Brentoil

Brent Crude Oil futures bearish forecastBrent Crude Oil futures bearish forecast with new supply levels imbalances being created. Brent crude oil is correcting strongly after such a strong bullish move in the past months. Bullish impulses have become corrections and now there are a few daily supply levels created on the way down after such a strong rally. Three supply imbalances have been created on Brent Crude Oil Futures around $74, $72 and $69. Price has not retraced to them but it did retrace at lower timeframe supply levels on the H4 timeframe.
RUS:BR1!Short
by AlfonsoMoreno
USOIL to touch 59.50 and UKoil follow the same long trend Why this is considered for Long : 1. As per the volume the higher volumes are seen in the chart.Volumes are growing 2. As per the LongBuyLongSellIndicator ,Strength-meters(1 2 3 P D ,Up/dn, PSAR,MA Green Red Line, Red STAR, yellow Star,Green Early Entry stars) minimum of numbers of strength-meters lined up in a row /within two candles that is added advantage for the entry. 3.BackGround color informs it is good to enter at this price. 4. As per the LongBuyLongSellIndicator ,The candle color transition change indicator this is the time to go for entry. What is the target : close the target @1.5% of 50% number rest in higher numbers. what will be the stop loss: The stop loss shall be high of previous candle for short /low for the long entry. TVC:UKOIL TVC:USOIL
TVC:USOILLong
by MarxBabu