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Ukoilanalysis

Need a low pump up! As it shows white trend line is strong support from early days 1860 and I do not think it will break another time (except new COVID disaster) , so we should face a bit move up trend maybe to make double top and then come back to support trend line for another confirmation not to far ( maybe less than 1 year ) and then how knows a huge pump up with strong break on its historical top resistance price 147 maybe!? I myself accept this scenario instead of break down the very long term white trend line and see lower price around 40 or even lower ?! How do you think???
TVC:UKOILLong
by AtareumFX
OIL, What's next?As the CPI numbers and the inflation numbers starts to slow and decrease, and banks are saying that 2023 inflation will drop even more. The oil is facing more down moves. The Saudi Arabia, needs a $75 per barrel to cover the government budget. but what if the decrease production to keep prices high, will be enough to cover the budget ?! In this chart, we are seeing too possible buys, with two possible scenarios. the first buy at $75.00 per barrel and the second one at $50.00 Always manage your risk in trading be for you enter the market. Regards.
TVC:UKOILShort
by ghattas360
Brent: Hang on! 🐻Bulls and bears are competing for preeminence, and both of them have gained the upper hand now and then. In the long run, we expect the bears to win this battle, though, and to drag Brent to the green zone between $77.10 and $42.16, where it should finish wave III in pink. After a short countermovement to complete wave IV in pink, Brent should enter the blue zone between $66.48 and $59.58, which is enclosed in the green zone and where wave V in pink and wave 3 in blue should end. Another countermovement should then lead Brent upwards again before it should dive into the green zone once more to finally conclude the overarching downwards movement. However, there is a 32% chance that the bulls could be stronger and drag Brent above the resistance at $95.76, which would then result in a detour until the next mart at $105.42 before the bears can take charge again.
TVC:UKOIL
by MarketIntel