Thread: Oil
Near-term bulls from 85.20, continue to drive the oil price higher, as break above yesterday’s high at 88.61, looks for test of 90.31/85.20 decline at 89.00. Prevailing positive tone on lower timeframes is reinforced by daily indicators move into positive territory that opens way for test of upper boundaries of near-term 84.05/90.31 range
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I think eventually the oil will also rise because many of its debt crisis in Europe and America, and watch out for tomorrow and the next day because there is news that can make the oil move.
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ear from ur mind, and open position for long time to get good profit specially in commodities . I always do like that and getting good
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My dear Sir today's off my technical analysis is support and resistance level of #CL buying strong to bullish trand⤴
Resistance level✔71.24
Resistance level✔70.44
Resistance level✔69.84
Supporting level✔68.44
Supporting level✔67.64
Supporting level✔67.04
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The WTI crude oil dipped more than 140 pips on Tuesday after Saudi Arabia announced it would perform a “responsible role” in energy markets. Saudi Arabia says that it will keep markets supplied despite its booming insulation over the murder of Saudi journalist Jamal Khashoggi, and there are indications that crude shipping from the Middle East is growing.
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The technical landscape is little changed from yesterday after prices put in a second Doji candlestick below support-turned-resistance at $89.59, the June 27 wick low, pointing to indecision and hinting bullish momentum may be fading
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Oil today's technical analysis is Bullish.
1. Resistance Level: 72.46
2. Resistance Level:72.69
3. Resistance Level: 73.01
1. Supporting Level: 71.78
2. Supporting Level: 71.41
3. Supporting Level: 71.11
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Near-term bulls from 85.20, continue to drive the oil price higher, as break above yesterday’s high at 88.61, looks for test of 90.31/85.20 decline at 89.00. Prevailing positive tone on lower timeframes is reinforced by daily indicators move into positive territory that opens way for test of upper boundaries of near-term 84.05/90.31 range.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Oil has really headed up strongly. It is very surprising therefore that USD has not fallen at all in this time. I think that something is not quite right - it may be the american holiday, but it seems that everything is out of sync - at least today. I think oil will continue to rise.
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Oil today trend is bullish trend
Resistance and supporting level today is:
Resistance level first: 72.35
Resistance level 2nd : 72.63
Resistance level 3rd: 73.89
Supporting level first: 71.69
Supporting level 2nd: 71.41
Supporting level 3rd:71.11
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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