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Brent

UKOIL (Brent) Technical AnalysisBrent crude oil is presently confined within a daily range-bound channel. The price is currently testing the upper bounds of the range, suggesting a potential retracement to retest previous lows. This analysis incorporates a seasonal perspective – historical data over the past decade indicates a tendency for Brent to experience declines during the month of March. Disclaimer: This analysis offers a technical viewpoint and does not constitute direct financial advice. Trading commodities carries inherent risk. Always consult a qualified financial professional and carefully evaluate your individual risk tolerance before making investment decisions.
TVC:UKOILShort
by fxtraderanthony
Strifor || GOLD-06/03/2024Preferred direction: BUY Comment: Metals continue to be ahead of everyone, and here all the parameters for entering a long remained exactly the same, that is, at the beginning of the week, the setup for long remained the same, and we are actively trading according to scenario №1. At the same time, we are gradually approaching our target at the level of 2140 , where the historical maximum of gold is located. According to the same scenario №1 , near this level, one can consider a fairly effective setup for a rebound when the historical maximum is reached in the frameworks of the first test. One can count on a downward movement within the daily statistical norm for instrument movement, that is, ~2000 points . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || GOLD-01/03/2024Preferred direction: BUY Comment: Today we offer a short-term trading idea for gold . Metals are currently one of the few instruments for buy, especially in the short term. We are considering growth towards the level of 2070 and even higher towards 2080 . However, at the level of 2070 , in any case, it will be necessary to move the trade to breakeven and even fix part of the two scenarios for your attention, where scenario №1 is still the most likely. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSDLong
by Strifor
1
Strifor || USDCAD-01/03/2024Preferred direction: SELL Comment: For the USDCAD currency pair, scenario №1 is already active, but we also do not forget about scenario №2 since there is a possibility that the American currency will strengthen in the short term. It should be noted that the Canadian currency , as well as metals, now has one of the strongest bullish power, that is, according to technical analysis and generated volumes, one can suppose about the likely growth of these instruments. Therefore, here it will be difficult for the American currency to achieve significant success if it strengthens. This trade is medium-term, so several entry levels are considered that are located above the current price. The downside threshold is currently considered at the level of 1.35000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
BRENT - Interesting sell zone!Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious. That's why I see BRENT drop in the zone and bumping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
BLACKBULL:BRENTShort
by ex_rico
Strifor || USDCAD-28/02/2024Preferred direction: SELL Comment: Our previous long trading idea for this currency pair has been fully worked out. Today, we are already considering more sell trades, both for the short term and for the medium term. As for the short term, it is better to stick to scenario №1 . This is an intraday trade and nothing more. Scenario №2 is a more medium-term setup, where we expect sales at the level of 1.36000 . Of course, entry is carried out only after the entry point has been formed. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
BRENT - Interesting sell zone!Hello everyone! The plan is still in effect; I've taken a second entry! - Here's my view on BRENT: - We have liquidity. - We have an interesting zone. - We have the optimal Fibonacci. - We have accumulation before/on the zone. - We are with the trend. Fundamentally, we'll continue to monitor the evolution of conflicts in the Middle East because they can significantly impact the price of oil in case of escalating tensions! Given that we have the largest oil producers there, having conflicts nearby is concerning! So, stay cautious. That's why I see BRENT drop in the zone and bumping! 🚀 If you liked it and want more, don't hesitate to subscribe and boost the post!
BLACKBULL:BRENTShort
by ex_rico
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: At the beginning of the new trading week, we continue to adhere to the buy-priority for the EURUSD currency pair. It should be noted that this trading week is quite filled with economic data, especially Thursday will be rich in data. Among the major currency pairs, not all are inclined to at least some growth against the US dollar . For example, a relatively small increase towards the level of 1.09000 is considered for the euro . This level is our previous goal, and we are now expecting an approach to this level as part of a re-test. Longer-term prospects are likely to develop at this level as balance format if buyers decide to move on. Another option is a false movement above this level, then the formation of a false breakout, and then a fall towards 1.08000 and 1.07000. Thank you for like and share your views!
Long
by Strifor
1
ukoil 8 hour short from resistance tp 72/74 usd🔸Hey guys, today let's review the 8 hour chart for UK oil . Any upside is limited by strong overhead resistances, currently weak bounce in progress, however most likely bears will take over from overhead. 🔸Strong resistances will cap upside at 84.00 usd / 86.00 usd. right now locked in tight trading range, however expecting final pump to trigger overhead stop losses before reversal and subsequent sell off event. 🔸Recommended strategy for BEARS: wait for the final pump before short selling from strong overhead resistances at 84.00 and 86.00 SL fixes at 88.00 usd, TP1 bears is 76 usd TP2 bears is 72 usd. swing trade setup, patience required. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
TVC:UKOILShort
by ProjectSyndicate
3
BRN - CRUDE OIL Short opportunity📉 Breaking News: BRN Crude Oil Faces Bearish Pressure Amidst Global Uncertainty Interest Rate Concerns: Federal Reserve Governor Christopher Waller’s recent comments hinting at delayed interest rate cuts have raised concerns about sluggish economic growth. As a result, oil demand is expected to be curbed, impacting BRN crude prices Pipeline Shortage in Canada: Canadian oil production is poised to hit a record high of 5.3 million barrels daily, straining the country’s pipeline network. This excess supply is contributing to the bearish sentiment. Remember, the oil market is as volatile as ever, and unexpected twists can sway prices in either direction. Keep an eye on the news and consider diversifying your portfolio to mitigate risks during these uncertain times. 🛢️💸 Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always consult with a professional before making investment decisions.
ICEEUR:BRN1!Short
by TheTraderrr
Strifor || USDCAD-21/02/2024Preferred direction: BUY Comment: In the middle of the current trading week, the publication of the Fed protocol is expected, which is highly anticipated by the entire market. Regarding the technical part, yesterday the US dollar weakened intraday, however, after yesterday's close, and also considering the current market movement, the US dollar will most likely strengthen today. So, for the USDCAD currency pair we are considering buying towards the level of 1.35500 , where the nearest resistance is located. For long, we consider two scenarios, where, nevertheless, scenario №1 has a better chance of being realized. Scenario №2 is a plan "B", in the format of re-entering this trade. Thank you for like and share your views!
Long
by Strifor
1
⚡️Strifor || USDCAD-13/02/2024Preferred direction: SELL Comment : Before the publication of inflation data in the US , the Canadian dollar also has the prospect of strengthening. Scenario №1 , which we gave in the previous trading idea for this instrument, is already active. However, given the economic calendar today, scenario №2 is also actively being considered. The target for the fall remained at the same level, namely 1.34000. Thank you for like and share your views!
Short
by Strifor
1
Oil upward move!Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following points on the graph and with the current conditions in the market, the war in the Middle east, missles in the Bab al-Mandab Strait which have resulted in several ships stopping their travel through the strait. TP1: 81-82 TP2: 93.5-94 Good luck!
TVC:USOILLong
by Hvalp
Natural Gas - Before Ouching Territory, Let's Rally to $3.8One thing appears to be rather obvious: crude's rally has fizzled out: Oil - Bulls Will Be Totally Annihilated And that's bad news for bulls. If crude's rally has fizzled, can natural gas counter rally? Well, natty hasn't done much all year. One of the reasons is probably that the world, which is controlled by the Communist Party, wants to SaVe ThE WoRlD FrOm CliMatE cHaNge by destroying the plastic industry, which natural gas supplied. Next, they want to get rid of furnaces, which natural gas supplies, and have everyone live on heat pumps (an air conditioner with a blow side that can get hot instead of just cold), which rely on electricity and not natural gas. At least electricity generation itself still mostly relies on natural gas, and that's never going to be replaced by solar and wind because the technology doesn't meet the requirements of modern consumption. At the end of July, I called that Natty would not go up until it goes down more, because it seemed to me at the time that the charts just don't have institutional support to go uppy past $10 this year. NatGas - No Moon Until Doom \ Right now, if you want to go long on anything, because it doesn't matter if it's DoCToR CoPpEr or equities or gold, you have to be either low risk or hedged, because of the imminent threat of the collapse of the Chinese Communist Party. Xi Jinping has the game theory problem of being the head of the most wicked and heinous regime in all of human history, the Party that dared to commit organ harvesting and genocide against Falun Dafa's 100 million practitioners. Although that persecution was launched by former, and now-dead Chairman Jiang Zemin, and although Xi has been killing the Jianglings for years in his Anti-corruption Campaign, the problem is Xi is still the head of the Party, and you always kill a dragon by severing its head. And its tail was already severed recently when former Premier Li Keqiang was killed by "an heart attack" at the ripe age of 68, which is very young for a Party prince to die. If Xi dumps the CCP Gorbachev-USSR style in the middle of the night, especially if it happens on a Friday or a Saturday, everything is going to be gap down gap down gap down gap down and never come back because of the time difference between Beijing and Manhattan. And if Xi really is too stupid to do that much, there's still a raging pandemic besieging Zhongnanhai, and the Emperor's bedroom has never been immune to plague. So over the last few months, what's happened with natural gas is, it's up apparently a lot. Like, from $2.7 to $3.6 sort of a lot and looked almost rampy on the monthly bars until it corrected this November: The weekly, though, shows the pain that the rallies keep getting sold off: And this is because the rallies weren't really rallies. What would happen is one month would settle and the next month's contract, which is trading in contango, would roll in and give the appearance of uppy and smash up levered futures traders. But the ETFs show that natty has done absolutely nothing all year. UNG, which is an unlevered fund: Is down 56% this year, hasn't rallied one bit, and looks poised to break necks around $4, because what doesn't go up is going to go down. It's been flat for too long. 2x leverage BOIL (long) had a 20:1 reverse split 6 months ago, never rallied, and looks pretty puketacular right now: And 2x leverage KOLD (short): Has spent 6 months in a 35% range killing options buyers in what looks like a "bear flag" that's just taken way too long to do the thing bear flags are supposed to do. And so we can only surmise that the once-fabled $1.8 to $1.6 range on Natty is incoming. Perhaps we'll see this magic before the end of the year. If you want to short natty, I have some reservations that this $3.6 monthly high is going to remain the monthly high, because it was set on the first day of the month. And so there is a potential trade opportunity, roughly now, to take out like $3.8 and net a 25% bagger. Or just wait until $3.7 and go short on a size that you aren't going to get liquidated on until $5 and be willing to put up with $4 for a day or two. But most importantly, natty couldn't possibly have topped at $10, and simultaneously couldn't possibly have bottomed at $1.9 with the way 2023 is playing out. The most sadistic MMs on any asset are the Natty overlords and they're about to get started, I believe.
NYMEX:NG1!Long
by LordWrymouth
4