Brent Crude Breakdown: $61 Next?Structure & momentum
Price completed a three-leg climb into late August but failed beneath a thick supply band clustered around 68.50 → 69.30 and again lower-high’d under 70.80. The last push up rode a rising support line; that line has now broken, followed by two wide-range sell candles closing nea
UKOIL H4 | Bullish momentum to extendUKOIL is falling towards the buy entry at 68.28, which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.
Stop loss is at 66.95, whichis an overlap support that lines up with he 61.8% Fibonacci retracement.
Take profit is at 70.43,
UKOIL H4 | Price Rebounds from Overlap Support levelUKOIL is falling towards the buy entry, which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to the upside.
Buy entry is at 66.96, which is an overlap support that lines up with the 50% Fibonacci retracement.
Stop loss is at 65.65, which is a
Shale Producers Can’t Survive This Drop
Brent Crude Oil OANDA:BCOUSD TVC:UKOIL NYMEX:MCL1! ICEEUR:BRN1! — Wave C Still in Progress
Main Idea
I expect Brent to retest the 58.37 low in the coming months as part of a corrective Wave C in a zigzag formation.
Technical Outlook
Price action remains bearish, with the market tradi
Oil Price Forecast: Watch These Key LevelsOil Price Forecast: Watch These Key Levels
Currently, OIL is trading around 67.70, standing just below a Strong Resistance Zone near 86.00.
The current pattern suggests a possible downward move, as a short-term selling opportunity.
From the chart, we can see that OIL created an ABC corrective wa
Brent Crude selling pressure below 6790The Brent Crude Oil is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the resistance, suggesting a further selling pressure within the downtrend.
Key resistance is located at 6790, a prior consolidation zone. This level will be
UKOILSPOT H4 | Bearish reversal off 50% Fibonacci resistanceBased on the H4 chart analysis, we could see the price rise to the sell entry, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to the downside.
Sell entry is at 67.00, which is a pullback resistance lines up with the 50% Fibonacci retr
Brent to FALL up to 62Key factors influencing the market:
Anticipation of the OPEC+ decision at this weekend’s meeting — a potential further increase in production could put additional pressure on prices.
Excess crude inventories in the U.S. — commercial stockpiles have grown, lowering demand expectations.
Weak econ
BRENT ? Get ready * New tradeable
Hi
Im looking at bearish mode. Next week.
I don't knw what it is yet.
Below 65. Shld open your eyes.
Be on lookout for sentiment / news ( for me it's bearish )
Learning it's momentum. I will also consult my buddy Professor Mr AI ( internet genius 4x world champion and undisputed Mr fry it
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.