{"id":234391,"date":"2026-01-12T15:01:10","date_gmt":"2026-01-12T15:01:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/234391\/"},"modified":"2026-01-12T15:01:10","modified_gmt":"2026-01-12T15:01:10","slug":"trade-of-the-week-short-brent-crude-oil","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/234391\/","title":{"rendered":"Trade of the week: short Brent crude oil"},"content":{"rendered":"

(Partial video transcript)<\/p>\n

This week’s trading opportunity<\/p>\n

What I would like to do this week is to go short Brent crude oil<\/a>.\u00a0Now, there are several reasons. One is that the rally we saw the last few days because of heightened geopolitical tensions, in my opinion, is going to soon start to\u00a0fizzle out, and that the longer term\u00a0downtrend for the oil price is more likely to continue than not, simply because there’s still a lot of supply out there and demand is relatively weak, for the time being.<\/p>\n

And also, from a technical perspective, if we look at my chart on the video, we can see that the rally from the mid-December low can be subdivided into three legs. And this could be a zigzag correction, or an Elliott Wave A-B-C correction, in the direction of the trend – meaning this is a small counter trend correction,\u00a0which may fail around previous resistance,\u00a0as you can see on the chart.\u00a0And then\u00a0we resume the downtrend.<\/p>\n

So, because we’re trending lower and because we have been trending lower, if I zoom out all the way to June of last year, you can see we have a series of lower highs and lower lows.\u00a0And yes, we are trying to rise above this high here on the chart (see the video),\u00a0but right now we haven’t really managed to do that.\u00a0So that’s the reason why I want to go short the oil price.\u00a0I think we will head back down towards just below the psychological $60 mark. And you can see here, we’ve got really good support going back towards\u00a0April of last year. So we’re talking between $58 and $60 as a downside target.<\/p>\n

Now, where’s our stop? As you know, our stop is always very important. Well, if we want to go short here, and just in case that\u00a0geopolitical tensions continue\u00a0to be quite high,\u00a0we want to have a relatively wide stop. I want to have it above these previous lows here (see the video), which could act as\u00a0resistance going forward, and also these highs here going back to May and June.\u00a0So my stop would probably be just above this 9th October high, at just around $66.40 on this Daily Financial Bet.<\/p>\n

Previous week’s trading outcome<\/p>\n

And when we look at last week’s “Trade of the week”, we went long the\u00a0Dow Jones Industrial Average<\/a>, as you can see here, at 48,230. Now what you can do is move your stop up to\u00a0below the lows seen on Thursday. That way, you would make a percentage profit on there. You could cash it in now, in which case you’re making around 2.4% profit on that trade.\u00a0Or you could let it run and have still our target at 49,930 in your minds.<\/p>\n

This week’s trade in summary<\/p>\n

So this week’s “Trade of the week” for me would be to go short\u00a0the Brent crude oil price around\u00a0$63 on the Daily Financial Bet, with a stop-loss around $66.40 and a downside target in the $59 range.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"(Partial video transcript) This week’s trading opportunity What I would like to do this week is to go…\n","protected":false},"author":2,"featured_media":234392,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,43,40,38,41,39],"class_list":{"0":"post-234391","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-headlines","8":"tag-headlines","9":"tag-news","10":"tag-top-news","11":"tag-top-stories","12":"tag-topnews","13":"tag-topstories"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/234391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=234391"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/234391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/234392"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=234391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=234391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=234391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}