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Crude Oil Brent

☑️GOLD: moment has comeThe pullback in GOLD was predictable, and this was indicated in the forecast for this week earlier (for more details on the forecast, see the link below). The current trend indicates that further pullback is unlikely in the short term. The target of the bulls is the maximum of the month at $1808.460 - $1814.040 (resistance area). The entry point is at the level of $1793.030 (approximately). Closing of the candle at H1 and further growth is expected. The upside potential lies in the $1820 - $1835 price range. 🔔 Proposed deal for this tool 🔔: 🔵Entry Point - 1793.330 ⛔️Stop Loss - 1780.555 ✅Take Profit - 1831.275 For anyone interested in SILVER, the purchase of this tool can be viewed from the same angle (see link below). In this case, pay attention to the closing of the H1 overhang above the level of $24.20105 . Thanks for your comments and likes 👍
OANDA:XAUUSDLong
by TradePlus-Fx
1
Technical analysis update: WTI oil (19th October 2021)USOIL keeps climbing higher. However, we are growing little bit worried that price is too high at the moment. In our opinion it would be healthy for price to correct before further rise. We think that correction could take price as low as 76 USD. In medium-term and long-term we remain bullish , however, in short-term we voice our concerns. We would not be surprised to see quick drop with subsequent retracement and resumption of uptrend. Several indicators are flashing warning signals and because of that we would like to change our short-term stance to neutral. Technical analysis RSI is overbought. We will observe it closely and we will look for crossover below 70 points which we expect to be accompanied by selling pressure. Despite that Stochastic and MACD continue to be bullish . DM + and DM- are also bullish . ADX continues to grow which means that trend is strenghtening. Support and resistance Short-term support/resistance sits at 82.15 USD. Support 1 lies at 79.76 USD and Support 2 sits at 76.65 USD. Major resistance sits at 85 USD. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
TVC:USOIL
by Tradersweekly
15
⭐️WTI: forecast for Oct 25 - Oct 29➡️ WTI Oil quotes are trading at $84.15 per barrel. The bullish trend continues, but the growth is limited at the moment. Positive news background does not stimulate quotes for "black gold" so much. On Thursday, Kuwait began ramping up crude oil production in line with the OPEC+ agreement. Commenting on the situation, Kuwait's oil minister said the country's plan to increase crude oil production covers a common area with Saudi Arabia. The news did not appear to have a significant impact on crude oil prices (no positive market reaction as it was before). As part of the forecast for WTI Oil, it is expected that the price would down to $81 , and possibly go lower. Now the trading balance has been formed (look at the chart), that will indicate the further local direction of price movement. The week closed outside this balance, but if the price returns to the balance, it would fall to $81 . A breakdown of the lower boundary of the balance will mean a test of the $80 level (from where support can be expected). Thanks for your comments and likes 👍
TVC:USOILShort
by TradePlus-Fx
2
CADCHF: sellers in dealAnd so, for this currency pair, you can observe the result of resistance level at D1timeframe (0.74794). This pullback may develop into a major downtrend movement, but now it is too early to say this. At the moment, in connection with the breakout of the uptrend channel, the price would rush down to the level of 0.73807 within the limits of the small supposed downtrend channel. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Short
by UnknownUnicorn15614419
11
☑️EURUSD: target is 1.16675➡️ The EURUSD currency pair is trading at 1.16260 . The presence of the price within the boundaries of the ascending channel once again confirms the bullish sentiment at the moment. In addition, the instrument is in the trade balance, and it is expected that the price will approach the upper border of this balance today without any significant obstacles. 🔔 Proposed deal for this tool 🔔: 🔵Entry Point - 1.16293 ⛔️Stop Loss - 1.16157 ✅Take Profit - 1.16701 Thanks for your comments and likes 👍
Long
by TradePlus-Fx
2
EURUSD: out of balanceAnd so, the currency pair is now consolidating in the price area 1.16215 - 1.16675. A certain pause is expected at the lower border of this balance (1.16215 - 1.16675), further growth is expected to continue to 1.16675, where the price will try to close above this level. This situation would push the instrument further towards 1.17000 next week. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
3
UKOIL (Brent Crude Oil) : 1Mn (Update)Last Analysis : Well, as we can see, we are technically reviewing Brent oil charts at monthly timeframes. The price finally broke its 13-year downtrend last month ... (This break needs to be stabilized) Currently, the most important support range for Brent oil is from $ 72 to $ 76 ... Brent oil currently has a significant static resistance of $ 85 and we have to see if it can break this resistance after 3 years and pave its way to climb or not. Now : The Next Targets are 101$ , 116$ & 128$ This analysis is a check of the chart in a monthly time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 18.Oct.2021 ⚠️(DYOR)
TVC:UKOILLong
by ArmanShabanTrading
USOIL (WTI Crude Oil) : 1Month (Update)Last Analysis : Well, as we see in the monthly time frame of the US Crude Oil Chart, the price in February finally broke its 13-year downward trend ... After that, it continued to grow well and reached its static resistance level in July 2021, and It failed to defeat it and then rebounded to its broken support level in August. Last month, the price reached to the psychologically and Impostant resistance level which is 77$ ... we have to see if the price can finally break this important 3-year resistance in October or what ... Now : The Next Targets are 100$ , 110$ & 114$ This analysis is a check of the chart in a monthly time frame and everything is clear on the chart and does not need additional explanation ... However, if you have any questions, feel free to ask . ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 18.Oct.2021 ⚠️(DYOR)
TVC:USOILLong
by ArmanShabanTrading
⭐️GOLD: forecast for Oct 18 - Oct 22➡️ GOLD prices managed to rise this week, and by the end of the five-day period the troy ounce was about $1782 , although it was testing $1801 during the week. GOLD gained 1.6% in five trading days. Friday's decline was driven by a recovery in US bond yields, although the weak dollar helped the precious metal show its best weekly performance since late August. The strengthening of GOLD's position was facilitated by the weakening of the dollar. After the release of US inflation statistics for September, where the indicator rose to record peaks, investors became worried about inflationary risks. The rally in the yield of US government bonds stopped, which immediately left the dollar without support. Additionally, GOLD was favored by the pinpoint interest of the market in safe assets. The US dollar is expected to continue to retreat in the coming week. In the short term, GOLD would move in the range of $1750-1800 , there is a good chance to step up to $1820 if the market manages to gain a foothold above $1800 . Thanks for your comments and likes 👍
OANDA:XAUUSDLong
by TradePlus-Fx
⭐️BTCUSD: forecast for Oct 18 - Oct 24➡️ BTCUSD is trading at 61000 . Technical analysis indicates a bullish trend for the instrument. As part of the Bitcoin exchange rate forecast, a rollback is expected and a test of the level of 57832 . No one excludes a price approach  to 55832 and even to 52966 (the latter is unlikely). In any case, it is better looking to BUY from these levels, and not regard it as a surrender of buyers. The purpose of this movement is the area near the level of ~ 65000 . Cancellation of the option to continue the growth of the Bitcoin exchange rate will be a breakdown of the area of ​​the level of 50000 (in general, this is the price area of ​​52966 - 50476 ). This will already indicate a change in the current trend in favor of the bearish for BTCUSD. And as you can see from history, under such circumstances, one should expect an accelerated fall in the cryptocurrency. Thanks for your comments and likes 👍
BITSTAMP:BTCUSDLong
by TradePlus-Fx
2
WTI: high prices would remainOn Tuesday, prices for WTI crude oil showed indecision. These dynamics indicate consolidation in the short term. However, a corrective decline should not be ruled out, as the asset is close to overbought levels. However, buyers' immediate target is the $ 82.00 mark. On Monday, JP Morgan analysts said that the average price of Brent crude will be $ 70- $ 80 in the 4th quarter of 2021 amid the ongoing recovery in global consumption. Continued supply chain disruptions represent an upward risk factor for this projection. Nevertheless, the OPEC + alliance has sufficient capacity to increase production, and it can do so if prices continue to rise. Oil prices are likely to remain high in the medium term. Proposed deal for this tool: Entry Point - 80.69 Stop Loss - 79.24 Take Profit - 82.14 Thanks for your comments and likes 👍
TVC:USOILLong
by TradePlus-Fx
Brent: forecast for Oct 11 - Oct 15Prospects for oil prices, to a greater extent, would add up to their growth or at least consolidation in the range of ~ $ 78–82. Deficit reduction is progressing more slowly than planned. The oil market is still in deficit, but not as before in view of the beginning of a small, but still consistent, softening of quotas by OPEC +. The decision by OPEC and its allies (OPEC +) on Monday to maintain the planned increase in oil production was prompted by fears that demand and prices could weaken. Their fears are not without reason. The current oil and gas trend indicates a likely decline in the near term. The almost vertical takeoff of gas and coal quotations, and more recently oil prices, can hardly be considered sustainable. Such market movements are more likely to end in decline than in further growth. With such sharp price surges as now, investors and traders should be prepared for verbal interventions by the buying and exporting countries. One of these statements was made by Iraqi oil minister (about a fair price for oil in the range of $ 75-80). In addition, it is very likely that the United States, China and India will try to stabilize the situation in their markets. Also, we must not forget about the daily pressure on oil from alternative energy. On the long-term horizon, the fall in demand looms more and more due to the energy transition. This is a strong incentive to ramp up oil and gas production now in order to invest revenues in the future. In general, prices are expected to roll back to the level of ~ $ 78.90 for the coming week.
SKILLING:XBRUSDShort
by TradePlus-Fx
1
BTCUSD: forecast for Oct 11 - Oct 17Bitcoin is trading at 54,000. At the moment, everything indicates the presence of a bullish trend for the instrument. As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of this movement is the level of 60,000. A small stop in the form of a resistance level is located at the level of 55832.57, and there is hardly any need to expect much resistance here. Cancellation of the option to continue the growth of the Bitcoin rate would be a complete breakdown of the support area 50.406 - 52.966, although consolidation in this area will not benefit buyers. In general, it is expected to rise to the level of 60,000 with small pullbacks down.
BITSTAMP:BTCUSDLong
by TradePlus-Fx
Brent: countertrend dealThe decision by OPEC and OPEC + on Monday to keep the plan for a gradual increase in oil production was prompted by fears that demand and prices could weaken. The group also considered the possibility of increasing production by 800,000 barrels per day, which is almost 1% of global production, ahead of Monday's meeting. Now the OPEC countries are more cautious, because any hasty decision could lead to a sharp drop in oil prices. In the medium term, the instrument will be on the rise. Today is rich in news. Taking into account this fact, as well as the strong upward movement in oil, no one canceled short-term sales for the instrument. Proposed deal for this tool: Entry Point - 82.85 Stop Loss - 83.80 Take Profit - 82.08
SKILLING:XBRUSDShort
by TradePlus-Fx