UKOIL | Drop despite Strait of Hormuz being closed!By examining the Weekly chart of Brent Oil we can see that after reaching the high of 102 and closing at 98.69 last week, it opened at 93.60, which is much lower than last week's close, and then a heavy drop to the 85.50 level, and is currently being traded at around 87.00 level.
The heavy drop has
Brent Oil | Target $400 (+500%)📊 The Brent chart shows exactly the same bullish pattern, with support at around $66. If this pattern repeats, the next target could be $400 🎯
🌊 Brent is extracted from North Sea fields, in British and Norwegian waters
⚗️ With higher sulfur (0.37%), it is considered “sour” and more difficult to refi
Is Wave 3 Beginning, or Is One More Correction Still Ahead?## Crude Oil: Is Wave 3 Beginning, or Is One More Correction Still Ahead?
From the largest Elliott Wave perspective, crude oil remains within the final fifth wave of the highest degree.
Following the completion of the larger-degree Wave 4, an entire eight-wave cycle appears to have been completed.
BRENT CRUDE: $120 OR BUST?From a pure market-structure perspective, Brent is starting to look very interesting here.
Price spent months building a large range, then swept the sell-side liquidity sitting below the previous lows around $70–72. After that liquidity grab, we got a strong bullish displacement and a clear shift i
Brent crude oil is likely to undergo a correction (1D)Since we placed the red arrow on the chart, Brent crude oil has entered a corrective phase.
The correction appears to be forming a triangle, and Wave D now looks complete. Wave D was bullish.
Wave E now appears to be underway, and in this triangle, Wave E is expected to be bearish.
From the green
OIL Breakout Setup Acceptance Above $114.2 Unlocks $158Brent Crude has transitioned out of a prolonged symmetrical triangle consolidation, signaling a potential volatility expansion phase following weeks of compression. The structure reflects a classic buildup of energy, and the recent breakout attempt suggests early momentum shift to the upside, contin
Brent Oil Rose From the Ashes, Up About 34%: What's Next?Brent Oil rose about 34% in a month as tensions escalate.
What's the next move?
The weekly low and high are 84 and 94 respectively. The critical data point here is the 84 level, which contains confluence, because it is also the SMA50. As long as it stays above this level, we can expect the price'
Crude oil is gonna raise no matter the situation See crude oil reaching 250usd per barrel 🛢️, though Trump says peace talks , chats say no 🙂↔️ peace talks , price still respects the trend line in yellow 🟡 , price gaps leaving a bullish gap need to fill , price moves down in 3 waves i.e bullish continuation confirmation , I am bullish
UKOIL update!Hello guys!
Brent crude has dropped below $80 amid ongoing negotiations over the Strait of Hormuz and easing geopolitical tensions in the Middle East!
However, it looks like we're simply in an Elliott Wave ABC correction - and once wave C completes, we should enter the next bullish leg, pushing pr
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Displays a symbol's price movements over previous years to identify recurring trends.









