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U.S. DOLLAR / BRENT CRUDE OILU.S. DOLLAR / BRENT CRUDE OILU.S. DOLLAR / BRENT CRUDE OIL

U.S. DOLLAR / BRENT CRUDE OIL

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USDBRO trade ideas

Slowing Global Economy and Output Hikes Weigh on Brent OilBrent crude oil is holding steady around the $60 level, even after OPEC announced another 411,000 barrels per day increase in output, following similar hikes in May, June and smaller one in April. This latest adjustment comes at a time when global economic slowdown concerns are rising, making the decision a risky one. Although the main reason points to non-compliance from Kazakhstan and Iraq, some believe the United States may have played a role, possibly through pressure from Trump aimed at controlling inflation during the ongoing tariff hikes. With several consecutive production increases now in place, a growing surplus is likely to develop over the second half of 2025. This would maintain downward pressure on oil prices if demand fails to keep pace. At the same time, the broader economic outlook is weakening. Recent manufacturing activity data from China, the United States, the European Union, and the United Kingdom all came in below 50, suggesting a faster rate of contraction. The presence of widespread tariffs is expected to continue weighing on business sentiment and consumer demand, potentially leading to rising unemployment and slowing growth. In this environment, any short-term spikes in Brent and WTI prices are likely to remain opportunities to sell, unless there is a meaningful shift in underlying fundamentals. For a more detailed view of economic trends, please refer to the latest monthly report. Brent crude has been in a steady downtrend since March of last year. While the price movement doesn't follow a perfect trend channel, the structure has generally held well. At the moment, Brent is hovering near the middle of this declining channel. The former long-term support zone around $70 to $72. If prices move up toward this zone, it could present a fresh selling opportunity as long as the resistance holds. On the downside, the $60 level and the area just below it have formed a solid medium-term support, which has held up so far. Still, oil bulls should be cautious around the $60 mark. Even though support looks strong for now, the overall direction of the trend and the broader fundamental backdrop suggest that this level could eventually break. Any long positions taken near current levels should factor in the potential for renewed downside pressure.
FX:UKOIL
by ftdsystem
XBRUSD broke the Resistance level 67.40 👀 Possible scenario: Brent crude rose above $67.50 on June 11 — its highest in eight weeks — supported by optimism over US-China trade progress and renewed US-Iran tensions. Trump confirmed a trade deal with China is nearly finalized, while warning of difficulties with Iran, prompting threats from Tehran. OPEC+ plans to raise output by 411,000 bpd in July, but tighter US supply remains a factor, with API data showing a 370,000-barrel inventory drop. Despite supply concerns, analysts note oil price gains are limited by economic uncertainty. Brent edged up as markets await official EIA inventory data. ✅Support and Resistance Levels Now, the support level is located at 65.95. Resistance levels are now located at 69.75 .
ICMARKETS:XBRUSD
by MaxOnMarkets
Brent Oil Robbery: The Thief’s Guide to Energy Market Profits! 🚨💰 THE OIL VAULT HEIST: UK OIL SPOT/BRENT TRADING STRATEGY 💸🔫 🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers 🤑💰💸✈️ Based on our 🔥Thief Trading style analysis🔥 (both technical and fundamental), here’s the master plan to heist the UK Oil Spot/Brent Energy Market. Follow the blueprint carefully—this strategy focuses on long entries, with a daring escape planned near the high-risk RED MA Zone where bearish robbers and consolidation traps await. 🏆💸 Take your profit and treat yourself, fellow traders—you earned it! 💪🏆🎉 🕵️‍♂️ Entry 📈 💥 The vault is wide open! Time to swipe that bullish loot—heist is on! Place buy limit orders within the 15 or 30-minute timeframe, near swing lows/highs for pullback entries. 🛑 Stop Loss 🛑 📍 Thief’s SL—recent swing low and below the moving average (4H timeframe) for day/swing trades. 📍 Adjust SL based on risk, lot size, and number of orders. 🎯 Target 🏴‍☠️💥 70.800 (Aim for the big loot!) OR escape before the target 🔥 Market Heist Overview The UK Oil Spot/Brent market is currently showing bullishness 🐂, driven by key factors—perfect for a day/scalping trade robbery! ☝☝☝ 📰 Additional Tools & Analysis 📊 Get the Fundamental, Macro, COT Report, Quantitative Analysis, Sentiment Outlook, Intermarket Analysis, Future Targets—check our bi0 liinks 👉👉👉🔗🔗 ⚠️ Trading Alert: News Releases & Position Management 📰 News can rattle the vault! 💥 ✅ Avoid new trades during news releases. ✅ Use trailing stop-loss orders to protect profits. 💖 Supporting our heist plan? 💥 Smash the Boost Button 💥 to empower the robbery team. Let’s make money every day in this market with the Thief Trading Style! 🏆💪🤝❤️🎉🚀 👀 Stay tuned for the next robbery plan, thieves! 🤑🐱‍👤🤗🤩
TRADU:UKOILLong
by Thief_Trader
Brent Crude Oil Bullish continuation supported at 6620Trend Overview: Brent Crude Oil remains in a bullish trend, characterised by higher highs and higher lows. The recent intraday price action is forming a continuation consolidation pattern, suggesting a potential pause before a renewed move higher. Key Technical Levels: Support: 6620 (primary pivot), followed by 6530 and 6440 Resistance: 6900 (initial), then 7000 and 7080 Technical Outlook: A pullback to the 6620 level, which aligns with the previous consolidation zone, could act as a platform for renewed buying interest. A confirmed bounce from this support may trigger a continuation toward the next resistance levels at 6900, 7000, and ultimately 7080. Conversely, a daily close below 6620 would suggest weakening bullish momentum. This scenario would shift the bias to bearish in the short term, potentially targeting 6530 and 6440 as downside levels. Conclusion: Brent Crude Oil maintains a bullish structure while trading above the 6620 support. A bounce from this level would validate the consolidation as a continuation pattern, with upside potential toward the 6900 area. A breakdown below 6620, however, would invalidate this view and suggest deeper corrective risk. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Oil Supported by U.S.-China TalksBy Ion Jauregui – Analyst at ActivTrades Oil prices continue to show strength after gaining more than 4% last week, despite a slight correction during Monday’s Asian trading session. Brent futures are hovering around $66.43 per barrel, while WTI is trading at $64.52. This price stability reflects the market's anticipation ahead of key trade talks between the United States and China taking place today in London. Negotiation Context U.S. officials Scott Bessent (Treasury) and Howard Lutnick (Commerce) will meet with Chinese Vice Premier He Lifeng to address sensitive topics such as tariffs, export restrictions, and access to strategic technologies. The uncertainty generated by these ongoing trade tensions has been a major factor pressuring crude prices in recent months, particularly affecting European economies most exposed to foreign trade, such as Germany, Italy, and the Netherlands. China’s Economic Data At the same time, European investors are closely watching China’s upcoming economic data. The inflation and trade figures for May, scheduled for release today, may provide a clear signal of the strength of domestic demand in the world’s second-largest economy. A weak China typically translates into lower demand for raw materials, directly impacting oil prices and, consequently, energy-driven inflation across Europe. OPEC+ Production Additionally, pressure on oil prices has been amplified by the steady increase in production from OPEC+ so far in 2025. This factor has kept expectations for short-term price rallies in check, especially if Chinese data fails to meet forecasts. Relevance for Europe For Europe, these developments are far from being external affairs. The continent's economy—highly dependent on global trade and energy imports—remains particularly sensitive to the outcome of the negotiations. An improvement in trade relations between the two superpowers could ease pressure on global supply chains and, in turn, boost both industrial and energy demand across Europe. Brent Technical Analysis As of April 3, Brent crude broke downward out of a long-standing range between $94.5 and $70.45, rebounding twice off the $58.16 lows during April and May. Since then, the price of oil has been steadily recovering, approaching the $66 level. If current pricing drives the asset back into the previous range, we could see a breakout through the lower band and a potential recovery toward the former control zone around $72.5, which coincides with the 61.8% Fibonacci retracement level. The current fluctuation zone spans roughly 25%, leaving considerable room for value recovery. The RSI currently indicates overbought conditions at 59.02%, correcting downward throughout today’s Asian session after peaking at 71.55% on Friday. Conclusion In summary, Europe is strategically focused on the London negotiations. The outcome could mark a turning point in global commodity flows and lay the groundwork for greater energy market stability across the continent in the second half of the year. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk.
ACTIVTRADES:BRENTLong
by ActivTrades
XBRUSD is moving within the 62.30 - 65.75 range👀 Possible scenario: On June 4, Brent crude oil dropped over 1% to below $64 per barrel after Saudi Arabia signaled plans to push OPEC+ for an output increase of at least 411,000 barrels per day in August and possibly September to capture market share during peak summer demand. This follows a modest production rise in July, though Saudi Arabia has yet to fully use its quota. The price of Brent crude remains near $65 on June 5, pressured by concerns about global oil oversupply. US crude inventories fell by 4.3 million barrels last week, indicating tighter supply, but higher-than-expected gasoline and distillate stockpiles weighed on prices. Traders remain cautious amid ongoing trade tensions, with President Trump calling talks with China’s leader “extremely hard,” clouding the outlook for global demand. Meanwhile, Canada is preparing potential retaliatory measures, and the EU reports progress in trade talks, keeping investors alert to wider economic risks. 👉🏼 Support and Resistance Levels Now, the support level is located at 62.30. Resistance levels are now located at 65.75 .
ICMARKETS:XBRUSD
by MaxOnMarkets
Brent intra-day Analysis 04-Jun-25Explaining the reasons for Oil gapping up during this weekly open, in addition to going over the possible scenarios we could have for the upcoming sessions. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EASYMARKETS:BRTUSD
by easyMarkets
XBR/USD Chart Analysis: Oil Price Rises to Key ResistanceXBR/USD Chart Analysis: Oil Price Rises to Key Resistance Yesterday, the price of Brent crude climbed above $65.60 — the highest level in over a week. According to media reports, several bullish factors are driving this move: → Stalled negotiations between the US and Iran over abandoning Iran’s nuclear programme in exchange for lifting oil export sanctions; → Wildfires in Canada, which have significantly reduced oil output; → Market reaction to the OPEC+ meeting held over the weekend; → A weakening US dollar. Technical Analysis of the XBR/USD Chart From a technical standpoint, Brent crude oil: → Has been forming a short-term ascending channel (marked in blue) since the beginning of the week; → Has approached a major resistance level. This resistance is defined by the upper boundary of a narrowing triangle, with its central axis around the $63.70 level — a price that could be considered a fair value based on trading over the past one and a half months. This situation points to two possible scenarios: → A downward reversal from the key resistance, with expectations that the price will return to the triangle’s central axis. A break below the lower boundary of the local blue channel would support this scenario. → An attempt at a bullish breakout of the triangle. While this scenario cannot be ruled out, it appears less likely due to the global economic slowdown risks posed by tariff-related trade barriers. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:XBRUSD
by FXOpen
1
Brent Crude INTRADAY key resistance retest at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend. Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines. Key Levels Resistance: 6700 – Main resistance and pivot level. Above that: 6860, then 7000 – Upside targets if bullish breakout occurs. Support: 6350 – Initial downside target. Below that: 6180, then 6080 – Further supports on continued weakness. Trading Scenarios Bearish Continuation: A failed rally near 6700 followed by rejection could lead to a move toward 6350, 6180, and 6080. Bullish Reversal: A daily close above 6700 would break the bearish structure, targeting 6860 and potentially 7000. Conclusion Brent Crude remains bearish but is currently consolidating. A rejection at 6700 supports further downside. A breakout above that level would shift sentiment to bullish. Watch 6700 as the key decision point. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Crude oil surges despite OPEC supply hike: breakout coming?Crude oil prices jumped over 3.5% from Friday’s low, even as OPEC announced a major supply increase of 411,000 barrels per day starting July. The market expected more, and when that didn’t happen, prices bounced. Technically, oil remains in a triangle pattern, but signs of a breakout are emerging. If Brent pushes above the May 21 high at 66, we could see a run towards 73.32. Watch for key levels at 67.69 and 69.75. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:BRENT
by ThinkMarkets
Brent Oil Breakout Heist – Bullish Robbery in Progress!🕶️ Brent Oil Job in Motion – Market Robbery Blueprint by The Chart Bandits 💼💸 What’s up, gang? 👋 Hola, Ola, Bonjour, Hallo, Marhaba! 🌍 Calling all market robbers, trend thieves, and slick profit snatchers! 🤑💰💥 We’ve got eyes on the UK Oil Spot / Brent Energy Market – and this time, it’s a clean breakout job. According to our Thief Trading Code (yeah, that’s the street manual we use), the setup’s lit and the vault’s wide open. Here’s the drill: 📈 Entry Plan – The Break-In Point: The score begins above MA level 65.400. When that line cracks, it’s time to move. You can either: 🔹 Set buy stop orders just above the breakout zone 🔹 Or wait for a pullback to a 15m or 30m swing low/high and enter with style 🚨 Pro tip: Set your alerts. Real thieves don’t sleep on breakouts. 🛑 Stop Loss – Safety First, Bandits: Let the breakout breathe. Don’t slam the SL too early. Once it confirms, tuck your SL near the 4H swing low – around 64.000. Lot size, risk appetite, number of positions – all play into where you hide your exit door. Just don’t blame the crew if you jump in blind. ⚠️ 🎯 Take Profit – The Escape Route: Target set at 70.000 – hit it, grab the bags, and disappear before the bears sniff us out. 🏃‍♂️💨 📊 Why This Heist Works: The market’s lookin’ bullish – real heat from fundamentals like: Macro setups COT positioning Intermarket analysis Sentiment vibes Storage & inventory updates 🔍 Want the full blueprint? Fundamentals, charts, deep dives – check my profille for the linkss 🔗👀 ⚠️ Heads-Up – News Drops Can Wreck the Getaway: Don’t enter during high-impact news Protect profits with a trailing SL Always expect the unexpected, robbers 🚧📉 💥 Smash the Boost Button if you’re part of the Thief Crew! We’re not just trading – we’re executing blueprints and stealing clean gains. Stay tuned for the next setup. You know what time it is... 🕶️ Trade smart, loot fast, vanish smooth. 🐱‍👤💸🚀
BLACKBULL:BRENTLong
by Thief_Trader
XBRUSD is moving within the 63.08 - 64.60 range👀 Possible scenario: Crude oil prices held steady on May 28 amid OPEC+ talks and the loss of Chevron’s Venezuelan exports. Brent was $64.20/barrel, WTI $60.94. The U.S. barred Chevron from exporting Venezuelan oil, raising supply concerns and boosting reliance on Middle Eastern crude. OPEC+ meets May 28, with a possible July output hike May 31. The U.S. remained a net energy exporter in February, with exports down 5% and imports down 6%, per EIA data. U.S. crude inventories likely rose 2.4 million barrels last week. Gasoline stocks fell 0.5 million barrels; distillate and jet fuel stocks increased. The EIA report is due May 28. ✅Support and Resistance Levels Now, the support level is located at 63.08. Resistance levels are now located at 64.60 and 65.75 .
ICMARKETS:XBRUSD
by MaxOnMarkets
Brent Crude Oil INTRADAY resistance at 6700Trend: Overall bearish sentiment continues, in line with the dominant downtrend. Recent Price Action: The market is in a sideways consolidation, signaling indecision after recent declines. Key Levels Resistance: 6700 – Main resistance and pivot level. Above that: 6860, then 7000 – Upside targets if bullish breakout occurs. Support: 6350 – Initial downside target. Below that: 6180, then 6080 – Further supports on continued weakness. Trading Scenarios Bearish Continuation: A failed rally near 6700 followed by rejection could lead to a move toward 6350, 6180, and 6080. Bullish Reversal: A daily close above 6700 would break the bearish structure, targeting 6860 and potentially 7000. Conclusion Brent Crude remains bearish but is currently consolidating. A rejection at 6700 supports further downside. A breakout above that level would shift sentiment to bullish. Watch 6700 as the key decision point. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
TRADENATION:BRENT
by TradeNation
Dive into the oil storm of 2025!In 2025, oil prices declined due to rising output from OPEC+ countries, growing inventories in the U.S., weakening global demand, a stronger dollar, and ongoing trade tensions between major economies. Further pressure came from OPEC+’s plan to boost production by 411,000 barrels per day — three times more than previously scheduled. A final decision is expected at the May 31 meeting. This move aims to strengthen the Alliance’s market position, particularly against U.S. shale producers, but it has deepened the supply-demand imbalance, pushing prices to their lowest levels in four years . Despite current challenges, several factors could support a recovery in oil prices : 1. Rising demand in emerging markets : Developing economies are expected to continue increasing energy consumption as they grow, boosting oil demand. 2. Limited investment in production : Lower investment in exploration and drilling — especially in a low-price environment — may lead to tighter future supply, which can support prices. 3. Geopolitical risks : Conflicts and instability in oil-producing regions can disrupt supply chains, traditionally driving prices higher. 4. Slower non-OPEC+ output growth : While non-OPEC+ production is expected to rise in 2025, the U.S. Energy Information Administration forecasts slower growth in 2026, easing pressure on prices. 5. Possible OPEC+ output cuts : If the current production increase fails to deliver the desired results, OPEC+ may reverse course and reduce output to stabilize the market. In 2025, the oil market is under strain due to surging OPEC+ output, inventory surpluses, weak global demand, and economic uncertainty. Yet, despite prices plunging to four-year lows, there’s still room for recovery. Future price trends will hinge on OPEC+ decisions, emerging market demand, geopolitical events, and investment patterns in the energy sector. The upcoming OPEC+ meeting could be a turning point for the entire market.
BLACKBULL:BRENTLong
by Fresh-Forexcast2004
XBRUSD is moving within the 63.20 - 65.75 range👉🏼 Possible scenario: Oil prices climbed on May 26 after President Trump extended the EU trade deal deadline to July 9, easing concerns over potential U.S. tariffs. Brent and WTI rose on May 23 as stalled U.S.-Iran nuclear talks dimmed hopes for increased Iranian oil supply, while U.S. buyers covered positions ahead of the Memorial Day weekend. However, gains were limited by expectations that OPEC+ could raise output in July. With the U.S. Memorial Day holiday slowing trading, markets remain sensitive to trade developments and potential supply changes. With holiday-thinned trading, markets remain focused on trade headlines and supply signals. ✅ Support and Resistance Levels Now, the support level is located at 63.20. Resistance level is now located at 66.30 .
ICMARKETS:XBRUSD
by MaxOnMarkets