Oil

[zahid2016]

WTI crude oil is on the bull, with price rallying above the $70.00 level. Buyers have come out of the woodwork since Sunday’s electronic open, bidding September WTI futures higher by more than a $1.00 per barrel. The recent strength in WTI crude has been significant. It appears that the intermediate-term correction of early July is over and price is poised to test yearly highs.

From a seasonal perspective, crude oil is in primetime for buyers. However, the Summer months are soon to pass. With inventories expected to build and demand to drop, one is inclined to believe that the top of this market for 2018 is very nearly in.

[lover222]

oil should be marking out the first leg of a larger correction. Shoud fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will closed after 100 pips profit
oil usd pair last kuch dino se down trend me chal raha tha lekin aaj subh se isne lagatar white candles banayi hai jisse iska uptrend shuru ho gaya hai
97.00 ke paas se isse buy kiya ja sakta hai tp 99 rakh ke,

[Akhterp]

Technical Outlook

The first upside target is to $70, however I feel that we have the potential to go back and test $70.86, which is the high volume area.Interestingly, this week we have also had some positive trade talks after the US-EU started working on a deal. This might ease concerns over the tariff saga and we are seeing commodities strengthen a touch.

[kanita]

oil pair trading trend now looking in strong bearish and pair in strong selling pressure and i prefer for sell the oil at price 70.00 to 70.50 and trader set their take profit at price 66.00 to 65.00 and trader use stop loss at price 70.30 to 70.80 maximum and trader must follow the oil all fundamentals and trader watch all oil related news and data then he/she place their order in oil and make good profitable trades with oil pair trading today

[hmforex]

oil bullish Trend

Current Rate is: 69.38

Resistance 1: 69.63
Resistance 2: 69.99
Resistance 3: 70.43



Support 1: 69.03
Support 2: 68.43
Support 3: 67.89

[jobless]

oil buy position

Current price rate is ; 69.36

Supporting Level is : .

Support 1: 69.01 Support 2: 68.57 Support 3: 68.01



Resistance Level is:

Resistance 1: 69.68 Resistance 2: 69.13 Resistance 3: 69.87

[Pak003]

oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
lekin last kuch dino se oil kaafi down gaya hai..isne recently 94 ki value ko tod diya hai..
ab tak isne uptrend ka koi signal nahi diya..to lagta hai ki ye aur neeceh ja sakta hai

[kanita]

oil pair trading trend now looking in strong bearish and pair in strong selling pressure and i prefer for sell the oil at price 69.00 to 69.50 and trader set their take profit at price 66.30 to 65.30 and trader use stop loss at price 69.10 to 69.50 maximum and trader must follow the oil all fundamentals and trader watch all oil related news and data then he/she place their order in oil and make good profitable trades with oil pair trading today

[waso691]

TODAY'S TECHNICAL LEVEL OF OIL:
Breakout BUY Level: 69.30.
Strong Resistance: 69.10
Original Resistance: 68.90.
Inner Sell Area: 68.70.
Target Inner Area: 68.50.
Inner Buy Area: 68.30.
Original Support: 68.10.
Strong Support: 67.90.
Breakout SELL Level: 67.70.
***Warning *** Trading Forex on margin carries a high level of risk, and may not be suitable for all Traders or Investors.

[Abniali05]

Oil is the most risky commodity in the forex trading i think there is nothing risky more then oil and it's really harsh to predict
and there is no spread in the Oil that's why it's becomes to risky if the market turns into your favor then you will earn great
revenue but if market goes against you then it will hurt you very badly.