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Brent Oil Futures - May 24 (LCOK4)

Real-time capital.com
Currency in USD
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86.66
-0.23(-0.26%)
Real-time Data

Brent Oil Futures Discussions

Morning. Brent slid 0.50 during the Asian market. I suspect it picks up soon when Euromarkets open. Will observe direction before taking position.
90 coming very fast
Next big up buy only buy...
Hi. Can someone help me out understanding how Brent oil is going to behave. I'm new and I'm trying to study and understand, but if someone could give me some guidance that would be great. Thanks
another way to prepare is to read some book on trading psychology. Undestanding fear, greed, fomo, mass psychology helps self control. Also following geopolitics is beneficial, but you will hear it also here.
also reading a book on risk management in trading is necessary. That helps in determining the size of positions, entry and exit points.
Basically nobody knows how brent is going to behave in the future. There are some insiders and whales who want to control the direction. Geopolitics, demand and supply are the drivers of the market price. All these are being discussed here along the market action.
Now some dreaming of 86.8 and later they will start dreaming of 87.2 but always late. I will stay bull all the time and this gives clear indication it is not more bull then I will turn bear. Good night :))
back to 84 before fed.
Already back at 86.8, maybe 84 will hit tomorrow even.
This it the third time we are testing these levels since the highs of 2022. Third time is the charm ;)?
That was my target 87.2 for day. Bears never learn :) now flat and tomorrow start the journey to 88.3-88.5
Brent May 2024, a tease heaven
Short pending 87.25
What is this, still holding my shorts in deep underwater, strongly considering selling. Lost about 5500$ so far
I feel u bro, I lost 8k today
Similar situation last summer, relentless, even mindless, upsurge for three months, punishing bears, then all given back the following two months. One could argue that this current beserk power forms the right shoulder of a one year formation ! Personally I would recommend not selling everything, if you in a position to hold for some time, but the thirst to climb up seems unquenchable
touched 86.99.. almost my first Target of 87... more to go... 87...88...90
geopolitical turmoil pushing this up
Yes exactly. But now eyes only on CF and they think this will drop 5 dollar immediately. And if that happen I can join when it drop 2 dollar and catch the rest 3, but loosing 5 dollars from 82 and see nothing but CF, that is …… call it what you like :))
A natural end to the Israeli occupation will happen in the months ahead, with or without a ceasefire
Exit LP @86.95 from 86.25. This is rising too fast for my taste. Look to take new position tomorrow morning.
Well played today Sharedoc, I like your style!
If it jumps I'm shorting it it won't go to 87++ today won't leave more room till Friday
87 does seem a bit rich all in one go but you never know these days
Are u there Joe. Here we are 87. Advice stop being strong bear. When news come on media it is tooooooo late
Easy calculation. Short from avg 85.22 for 20 lot is now loss of 30k.advice to change your strategy. And turn to bulls
Harsh but fair (based on what’s been posted only). Joe is a smart cookie and most likely trades multiple commodities/assets/holdings. Leverage size is crucial of course
Bear, did you see what I mean? So now number of sellers increased 5% that is why we get higher. It will only drop if there some news regarding demand or increase of production and in that case it will force it to go down.otherwise only up. Because 55% are in sell. And that is how the borse balance works
Many thanks ThinkingToBe. I only considered those statistics as being anecdotal, but realise now they are fairly strong indicators. Presumably algos combine various platforms together, and can instantly detect stop-loss levels. Some investors class themselves as individual investors, but others as professionals/institutions (wonder if that affects the stats?). Great calls by you my friend, thanks for you help
Bo Ti, he means those appearing visibly on many modern platforms
Do you mean the numbers that indicate who is selling and who is buying.
It's EIA,IEA who said supply is tight and oil will reach 88$ which made Bulls run the price up business as usual
Sami is correct
Bo Ti a Ceasefire will sure drop oil 3$ and gives both Bulls and Bears to regroup for the pre-summer setup being on the Bull side is advantageous at this stage as of now
84.50 level from march 14th
shorters crushed, now 90 coming to crush more juice
$90 is coming easy ,I am Buy.
Lp 85.65 sold@ 86.66
Exited LP @86.50. Look to re-enter LP lower.
Your entry price I mean, to save us scrolling back
Support seems to hold at 86.20. Re-entered long
Looking from the bull perspective, it would make sense to drive the price up slowly only 0.50 a day so that there is never good shorting opportunity after long green candles. This rate would reach 88 on friday.
Is it going to go down? Or we will be able to see 100?
no cheap oil for anyone, dammit MBS!
On the bright side a Ceasefire is front and center right now things moving fast I hope we get one now 🤞🤞🤞
What are the chances that a CS comes through this time and does it even put a dent to oil? Probably a little dip but then recover quickly and move up towards 88-90
I don’t care what anyone says, a global conflict is already well underway. The Middle East is a small piece of the battlefield
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