Brent Crude oil analysis june 2019

There are many ways we can trade Brent Crude Oil Futures; you have to choose one of the multiple Brent Crude Oil trading strategies available. Many of them will work. Success cannot be measured by the quality, simplicity or complexity of the trading strategy but by how well you execute its rules and how well you control your emotions and mindset.

How to trade Brent Crude Oil Futures using a supply and demand strategy

Brent Crude Oil futures is not an to this rule. Brent Crude Oil futures technical analysis can be done in two completely different ways:

  1. Brent Crude Oil Fundamental analysis. This will require a much bigger understanding of what is happening behind the scenes in the Brent Crude Oil futures world, OPEP deals, and increase or reduction of Brent barrels production. A lot of research is needed.
  2. Brent Crude Oil Technical analysis. Less work is needed, it’s said that fundamental analysis is priced in already so Brent Crude Oil futures technical analysis will help you make an educated trading decision and start as a beginner trading Brent Crude Oil futures.

Three supply imbalances have been created on Brent Crude Oil Futures around  $74, $72 and $69. Price has not retraced to them but it did retrace at lower supply levels on the H4 timeframe.  It’s not the moment to think of buying Brent Crude Oil futures; it’s the exact opposite. Watch the Brent Crude Oil futures video analysis below for more details.

Watch the Brent Crude Oil Futures supply and demand video analysis

Crude Oil Futures and fundamental analysis

There is no need to read about crude oil price fundamentals, why Trump won’t use his ultimate weapon, why Oil majors are going all-in on the US shale or why Saudis raise oil prices to Asia as demand spikes.

Chevron sold off much of its assets in the North Sea, no longer viewing the region as a high priority. Ithaca Energy, backed by Israel-based Delek, agreed to buy Chevron UK’s oil and gas assets in the North Sea for $2 billion, taking over interests in 10 producing oil fields, according to S&P Global Platts. In April, Conoco Phillips agreed to sell its North Sea oil and gas assets to Chrysaor for $2.68 billion. It, too, is focusing increasingly on shale. The exit of two oil majors from the North Sea in as many months highlights says a lot about both regions. Smaller oil and gas companies hoping to exploit mature oil fields in the North Sea are taking over from oil majors who no longer view the paltry production figures as worth it.

No need for any fundamentals like those read above regarding some Crude Oil companies and stocks. Brent Crude Oil has been rallying for quite some time, it’s too expensive, and new supply levels and imbalances are being created. No more buying Brent crude oil. Similar scenarios exist on Light Crude Oil futures #CL and Oil stock-related companies.

How beginners can trade supply and demand imbalances

Trading supply and demand imbalances are ideal for beginners and those with a full or half-time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade; in our case, these price levels are made of supply and demand imbalances.

There are several ways of buying stocks. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) if you are in a country where it’s allowed.

Learn how to trade Brent Crude Oil futures using our supply and demand strategy

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