Tag Archives: Brent

Crude Oil – Sell Set Up.

Against a background of sluggish demand growth, excess supply capacity and high world inventories, I have been on the lookout for potential technical setups providing a logical strategy framework for selling into the current oil rally. Brent might now provide an opportunity.

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Brent Oil – strategies for a close profit target

What to do when a market doesn’t quite reach a profit objective? It’s a routine problem for trend followers. Under the Brent Oil strategy I posted on 22 October, a trader was greeted with a familiar situation on Saturday morning. The market got very close to the profit objective but … Continue reading

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Brent Oil – Profit target

The chart below outlines an approach to setting the profit objective for the Brent Oil short sell strategy I posted last Wednesday

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Brent Oil – sell set up

The Brent cash chart looks close to completing a corrective rally. A weak close tonight would complete the sell set up outlined on the chart below

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Guest Post – The State of Play in Oil

By Ben Le Brun – Market Analyst – CMC Markets There has been renewed focus and interest in the oil space of late & who can blame traders. News unfolds in real-time throughout the Middle East with the spotlight being … Continue reading

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