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Brent Oil Futures - Mar 15 (LCOH5)

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52.42 +3.29    (+6.69%)
30/01 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 49.13
  • Open: 49.06
  • Day's Range: 48.77 - 53.07
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Brent Oil 52.42 ++3.29 (++6.69%)
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Brent Oil Candlestick Patterns

Recognized Bullish Chart Patterns
Bullish Engulfing Timeframe: Monthly
Reliability: Moderate
A reversal pattern.
During a downtrend, the Bullish Engulfing depicts an opening at a new low and closes at or above the previous candle’s open. This signifies that the downtrend has lost momentum and the bulls may be gaining strength. Factors increasing the pattern's effectiveness are:
1) The first candlestick has a small real body and the second has a large real body.
2) Pattern appears after protracted or very fast move.
3) Heavy volume on second real body.
4) The second candlestick engulfs more than one real body.
Recognized Bearish Chart Patterns
No Patterns were recognized.
Unrecognized Patterns
Bearish Patterns
Abandoned Baby Bearish
Advance Block Bearish
Belt Hold Bearish
Break Away Bearish
Dark Cloud Cover
Deliberation Bearish
Counter Attack
Doji Star Bearish
Engulfing Bearish
Evening Doji Star
Evening Star
Bearish Inverted Hammer
Hanging Man
Dragonfly Bearish
Harami Bearish
Harami Cross Bearish
Identical Three Black Crows
Kicking Bearish
Meeting Lines Bearish
Shooting Star
Gravestone Doji
Three Inside Down
Three Outside Down
Tri-Star Bearish
Two Crows
Upside Gap Two Crows
Downside Gap Three Methods
Downside Tasuki Gap
Falling Three Methods
In Neck Bearish
On Neck Bearish
Separating Lines
Side by Side White Lines Bearish
Three Black Crows
Three Line Strike
Thrusting Bearish
Bullish Patterns
Abandoned Baby Bullish
Belt Hold Bullish
Break Away Bullish
Concealing Baby Swallow
Bullish doji Star
Bullish Hammer
Dragonfly Doji
Harami Bullish
Harami Cross
Homing Pigeon
Inverted Hammer
Meeting Lines bullish
Morning Doji Star
Morning Star
Piercing Line
Stick Sandwich
Three Inside Up
Three Outside Up
Three Stars in the South
Tri-Star Bullish
Three River Bottom
Mat Hold Bullish
Rising Three Methods
Separating Lines Bullish
Side by Side White Lines
Three White Soldiers
Upside Gap Three Methods
Three Line Strike
Upside Tasuki Gap Bullish
Ladder Bottom Bullish

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Brent Oil
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Latest Brent Oil Comments

chris jones
chris jones Jan 31, 2015 02:12PM GMT
do you guys think brent oil price will go back below 50 per barrel? or stay above 50? in the week ahead. im also on side lines figuring out what to do next so any advice would be greatly appreciated guys

Lars Olofsson
Lars Olofsson Jan 31, 2015 09:43AM GMT
Thats right.. I have been both short and later long it´s hard to make up your mind about what´s going to happen.. At the moment I´m out of the trade and on the sidelines figuring out what to do next.. If it´s like Arthur says with Iraq producing on all cylinders there will still be an oversupply and glut unless there becomes a war with fear of supply shutting down.. . There could also be an "staged attack" blowing up pipelines in order to get the price going under the cover of a "terrorist attack". . There are many possible outcomes and this is not easy but I guess the price will fall back on monday.

Lars Olofsson
Lars Olofsson Jan 30, 2015 09:26PM GMT
This artificial race out of nowhere without any fundamental reason will come crumbeling down when Asia opens up on monday.. . As soon as they turn of the algos and take away the foot from the pedal the house of cards falls down.. . This is a classic "pump scheme" you can just look at the candlesticks - a real rise doesn´t look like this.. . I wonder if they Think they can start up a bull market by pulling a stunt like this?. . I don´t buy it.
nuno oliveira
nuno oliveira Jan 30, 2015 10:27PM GMT
you are/were short right? i could clearly see something like a triangle...i had a buy/short in the direction of the breakout
Alex Agua
Alex Agua Jan 30, 2015 10:44PM GMT
Well lets hope you are right.
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