UKOIL 0.618 Retracement BullishUKOIL has hit the 0.618 retracement area. Might be bullish, also have high level of negativity in oil market calling for $40 oil. Narrative may turn.
About CFDs on Brent Crude Oil
The Brent Сrude oil was originally produced from the Brent oilfield in the North Sea. About 2/3rds of all crude oil contracts around the globe include Brent Сrude oil, making it the most popular marker. Its relatively low density and sulphur content are the reasons why it’s described as light and sweet. One of the advantages is transportation since this type of oil is waterborne. The Brent Crude oil marker is also known as Brent Blend, London Brent and Brent petroleum and has a UKOIL ticker symbol.
Brent Crude Breaks Lower: Iran Deal Could Add 800K BarrelsBrent crude has dropped over 2% following news that the US and Iran may strike a deal, potentially adding 800,000 barrels per day to global supply. We explore the technical setup, including a wedge pattern and the risk of a deeper fall.
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Crude Oil: Waiting for Clear SetupThe upside movement in oil is very limited, and the overall trend remains bearish.
I'm not considering long positions at this point. For a trend reversal, I would need to see a breakout above 68 — ideally with some consolidation above that level. Too many “ifs” right now. For me, there’s no clear
BCOUSD | Bullish TrendBrent crude oil is in very good bullish trend while making new higher highs and higher lows.
UPDATE - Brent Crude missed Take profit - Time to panic?Well with trading it's never time to panic.
If you're panicking it means:
1. Your ego is too high and you're predicting rather than reacting
2. Risking too much
3. Attaching emotions to machine
Even if it hits the stop, that's the name of the game - TRADING>
However, the game is still in play
Crude is all set for $70 rally.The 1 hour candle looks closing above the 21 EMA, which will make the crude to take a u turn from this level to $70 positionally.
Bearish Look for potential Reversal bearish candlestick Patterns formation upon the retest of daily supply zone.
OIL - follow the trend until it breaksOIL - follow the trend until it breaks
trend is down
after range or pullback to VWAP or POC take SHORT
XBR/USD..4h chart pattern..MY analysis of **XBRUSD** (likely Brent Crude Oil priced in USD) suggests a bullish breakout with several technical confirmations. Here's a breakdown and key considerations:
### **Key Technical Signals:**
1. **Trendline Break** – Price broke a significant downtrend line, indicating potential revers
"UK Oil Spot/ BRENT" Energy Market Heist Plan (Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the "UK Oil Spot/ BRENT" Energy Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short en
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Displays a symbol's price movements over previous years to identify recurring trends.