Brent Oil Futures - Oct 15 (LCOV5)

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49.91 +2.35    +4.93%
20:59:48 GMT - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Energy
Unit: 1 Barrel

  • Prev. Close: 47.56
  • Open: 47.69
  • Day's Range: 46.64 - 50.97
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Brent Oil 49.91 +2.35 +4.93%
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Brent Oil Candlestick Patterns

Recognized Bullish Chart Patterns
Bullish Engulfing Timeframe: Weekly
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.
Bullish Hammer Timeframe: Monthly
Reliability: Low
A reversal pattern.
During a downtrend, there is a sell off after the candle starts. However, the candle closes at or near its high. This signifies a weakening of the previous bearish sentiment. The longer the lower shadow, the smaller the upper shadow, and the smaller the real body, the more significant the pattern is. White real body is more bullish than black 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
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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Latest Brent Oil Comments

James Black
James Black Aug 27, 2015 6:05PM GMT
I did say there would be a severe bounce people....
Big Bang
Big Bang 14 hours ago
Soon or later it always does...
Big Bang
Big Bang 14 hours ago
Is this the good weather after the "storm"? Or before the "storm"?
Lasse Maltensson
Lasse Maltensson 1 hour ago
yeah but Chinas collapse will bring the price down again as well as Irans oil. The oil storages around the world except USA is almost full. Once they are full oil will flood in to the USA storage and then the oil price will take a sever hit.
Tobias Petersson
Tobias Petersson 6 hours ago
We have some resistance here, but it looks like we are heading for 52.5 - 54.
Oren Enor
Oren Enor Aug 26, 2015 7:13AM GMT
I am not sure if it goes until 40,20 or 36 etc... But in my opinion we will go some point between 47,50-50,50 before a new bear or bull wave...
Big Bang
Big Bang Aug 26, 2015 1:25PM GMT
47,50 - 50,50 when? This year?
Олег Вадимович
Олег Вадимович Aug 25, 2015 9:21PM GMT
Hey guys! What do yo think about tommorow Crude Oil Inventories ? What will it be?
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