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Crude Oil Brent

UKOIL Analysis: Brent Crude OilThe looming possibility of a US debt ceiling default has sent shockwaves through the financial markets, triggering a series of events that could impact various assets, including commodities like UKOIL (Brent Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on UKOIL and present a trading strategy based on the current market conditions. Analysis: 1. US Debt Ceiling Default Impact: A US debt ceiling default can have far-reaching consequences on global financial markets. Uncertainty and market volatility often drive investors towards safe-haven assets like commodities, particularly crude oil. As a result, we can anticipate increased demand and a potential price surge for UKOIL. 2. Buy Zone: The suggested buy zone for UKOIL, considering the potential effects of a US debt ceiling default, lies between $73.42 and $65.46. This range indicates the levels at which traders could consider entering long positions, anticipating a bullish price movement. 3. Stop Loss: To manage risk, it is crucial to establish a stop loss level. For this analysis, a suggested stop loss level is $61.53. Traders should set their stop-loss orders below this point to protect against adverse price movements. 4. First Target: The first target for UKOIL, considering the potential rise resulting from a US debt ceiling default, is set at $121.22. This level represents a significant upside potential and serves as an initial profit-taking area. 5. Second Target: In the event of a sustained bullish trend, the analysis suggests that UKOIL could potentially reach new all-time highs. The second target is set at $184.53, reflecting the possibility of an extended price surge beyond previous records. Considering the potential impact of a US debt ceiling default on UKOIL, there is a compelling case for a bullish price movement. The suggested buy zone of $73.42 to $65.46 provides an opportunity for traders to enter long positions, while the $61.53 stop loss helps manage risk. The first target of $121.22 offers a profitable exit point, and the potential for UKOIL to reach new all-time highs, with a second target of $184.53, adds an exciting long-term perspective. Disclaimer: This analysis is based on the assumption of a US debt ceiling default and should be considered speculative. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions.
TVC:UKOILLong
by mahmoudbawa
1
Crude Oil (WTI) 2 Scenarios Explained 🛢️ WTI Crude Oil is stuck between 2 solid structures. Depending on the reaction of the price to these structures, I see 2 potential scenarios. Bullish Scenario. If the price breaks and closes above 74.3 resistance on a daily, a bullish continuation will be expected to 76.57 level. Bearish Scenario. If the market drops and closes below 69.4 support, a bearish movement will be expected to 65.0 level. Wait for a breakout, it will show you the future direction of the market. ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by VasilyTrader
8
SPX | Waiting For The Miracle To ComeThis year has been very boring... Lot's of horizontal movement, not many interesting news. Well, except of course that "a couple" of banks went bust. But if I didn't tell you that, you couldn't tell where in this chart this occurred... SPX, and the market in general, has been too stubborn despite the importance of the events occurring. On the one hand, this makes sense. This kind of crisis (banking) has come before, so the markets are calm. A crisis comes when nobody expects it to. And by design, a crisis is an unknowing event of unknowing consequences. A bank going bust is not frightening anymore. The market expects the FED to step-in and bail everyone out. But the FED cannot possibly bail anyone out. They cannot print any more money (we might have reached a debt ceiling), and even if they could, they could be unwilling to print more money. Inflation will get worse. So no more money. Dollar has served as the worldwide reserve currency, until now. China amongst other powerful nations, collaborate into creating an alternative reserve currency. One that will be controlled by them, not by a panicking (?) FED. The FED might not be panicking, even if we believe that they are trapped. I believe that they have very good knowledge of what they do, and of the repercussions. Absurdly high interest rates can be a mechanism to increase the dollar purchasing strength. And you need purchasing power when you have enemies (Russia, China etc.) Since 2015, this has worked out tremendously well. The Dollar is making higher highs. Of course, there are many fundamentals (like the Dollar Milkshake) that push the dollar value to new highs. But interest rates are interest-ing (hahaha) to the Dollar. And the Dollar is winning battles against many countries of the world. And with lower money supply, it's value is fated to increase even further. (I like real reality, not augmented reality, that's why I used M2REAL instead of M2SL) The money supply is vacuumed back into the printer which created it. And the power of the vacuum is not big, it is exponential. The Dollar Milkshake Black Hole is now open. But how much can the FED possibly hike? The discrepancy between the FED's rate and the Market's rate is at it's highest level. The FED may not be able to hike any higher against the market's expectance. Who knows what will happen if the FED overcomes this limit... (is it even fundamentally possible?) Inflation is high and it is fated to increase even more. I have posted about it extensively. The preview of this chart idea is broken, oops... Now, oil is looking substantial signs of strength. Oil, the main inflation influencer, is showing significant signs of bottoming. Furthermore, it has retested a trendline that followed us since 2008. Long-term, the only way for Crude is up! And the only way for equities is down! Just to reach the mean, the OIL/SPX ratio has to increase by 75%. So there is much room upwards for commodities... Have you realized what SPX has shaped into? Could this be the anatomy of a bubble? And has it already broken? It seems that the recession is only now just beginning. During normal times for the US economy, equities could grow even as yields were increasing. Now we are entering a period of weakness for the economy. Something has to give, either the equities go bust, or the yield rates. (Equities have much more room to drop than Yields do) A crisis is definitely inching towards us... A final chart for today: Equities used to grow as money was created. Now this chart has immense dynamics to move downwards. In a sense, equities have MUCH room downwards, even if money gets created. This comes to prove that equities cannot absorb any more money supply. Money printing from the FED cannot possibly help equities, no matter what they do, they are trapped inside the bearish wedge. Only way for equities is down! And similarly for SPX Tread lightly, for this is hallowed ground. -Father Grigori PS. What could these charts mean? Are they of any meaning after all? A crisis is definitely itching towards us... I HAVE to test. All the time. Or I get this... this ITCH. It must be hardwired into the system or something. -Wheatley, Portal 2
SP:SPX
by akikostas
47
USOIL POSSIBLE SELLING TOWARDS THE SUPPORTFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
TVC:USOILShort
by Profitlio_Trading
2
UKOIL's Slippery Slope Heads Towards $60 Before New ATH of $500+Based on analysis of UKOIL's all-time chart from year 18xx, I believe it to be in a massive Flat correction. With Wave A of the Flat stretching down from $145 to $16, this gives implication that Wave B is likely to move up to the range of $331-$557, likely before the year 2030 arrives. RSI divergence on the monthly chart should also be present during the anticipated run to an ATH. If so, this will confirm a very deep and sharp move to follow.
TVC:UKOIL
by DigitalSurfTrading
BRENT BULLISH OUTLOOKThe price cap on oil imposed on Russia as far is proving unsuccessful, since China and India are bulk purchasing Russian oil, and Japan is opting out to lift the cap as well since it is dependent on oil from Russia. Both MACD and RSI indicators are confirming the trend, with MACD histogram rising and RSI approaching 50 neutral line from below. If this scenario continues, the price might test levels of 89 USD. As a pivot point might be considered levels of 77.5, and if the price passes that point, it might test levels of 72.5 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.
BLong
by legacyFXofficial
USOIL DAILY UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
TVC:USOILLong
by traderchamp_
4