Oil

[Olig]

Oil is fed like all bulls, it has shown very strong growth in the north, after which we should expect at least the southern correction in the medium term it should be expected from continued growth in the flesh, to 90.00.

[shiva]

Pivot: 86.00 Our Preference: LONG positions above 86 with 88.6 & 89.5 as next targets. Alternative scenario: The downside breakout of 86 will open the way to 85.1 & 84.35. Im tech pair don`t analyse but political dolls play this great tool.

[Miki]

Oil was trading all day virtually unchanged, the couple is in a corrective phase after yesterday's strong growth rate close to the blue line Ichimoku, the underlying trend-north, with the resumption of growth will be buying.

[imran2011]

Oil Forecast to See Volatility in Q3 as Growth Outlook Uncertain http://t.co/UHCMZw4J $CL_F $MACRO

[cfxsignals]

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.

[Macintosh]

Now oil is showing very good growth, after the breakdown of the moving average with a period of 200 went to the top of the price, there is a fastening above 86 dollars, and very well tested extensively level 76 on the reverse side, the histogram is growing ...

[Olig]

Oil has developed a very interesting situation on the hourly chart, the indicator MASD drew a double divergence, as the course came very close to the support of 86.45 when it might break the strong fall in the south to 85.00 and 83.00.

[Gutsalo]

Well Oil rolls back a little back to the same important mark of 86 dollars .. the level is very fragile, so that when playing on the north must be very careful, because not so long ago, the price just flew down .. sellers can not quite finished .. .??

[fizmhd]

well i have not traded much on oil .. i have tried it many times .. but since i could not find much gain since my capital is not enough for tradin on oil ..

[Marki]

Oil has just managed to break through the strong level of support 86.56, and even had time to test this level but as the resistance, it seems the price will fall to the south, the goal for today I have about 85.00.

[aum]

may na aaj tak oil par trading nahi ki hai kion kay mujh market kay may oil ka pair nazar he nahi ayta hai mujh pata nahi chala hai oil ka pair kis naam say hai market may.

[Miki]

Oil is also moved toward the south, on the market right now there is a general tendency to strengthen the dollar, and she needs to stick, the goal until 85.00, but it seems to me that this level does not become an obstacle.

[omit]

I think oil prices fell too sharply too soon. It is because of this that we find the $90 level so important currently. If this level gets broken above, it looks like $100 a barrel is almost a given.:peace:

[mohamedsaleh]

i have a question , do you need some conditions to enter the oil market or it allow any one from small traders to trade on the market , and does it have the same analyzing steps or you use some thing else beside that and what about the news can it effect on it .

[shiva]

Pivot: 87.15 Our Preference: SHORT positions below 87.15 with 85.1 & 84.35 in sight.
Alternative scenario: The upside penetration of 87.15 will call for a rebound towards 88.95 & 89.5.
http://cache.mail.yandex.net/mail/6dfe9ffe1eff3cf941d25af7fc9ba408/www.tradingcentral.com/newsletter/partymarkets/images/30CLA.gif

[Macintosh]

Yes indeed once again shows the southern oil movement ... 85 dollars is not foreclosed, and now the price was fixed lower, trading at levels already occurring a few hours, as if preparing to break off I think the purpose of the current situation of 82 dollars ..

[hasan0012]

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.

[Gutsalo]

If you look at the daily chart we can see that price happily strayed from the moving average of 50 held at 89 dollars, now I think again we go down a bit, the goals to date 80.50 dollars ... and if it is below the minimum of 76 dollars ...

[sobissa]

Oil rose strongly as the pair predicted to do so and you came back down again in recent days but I expect that will rise to above 74.6 as long as the Fibonacci

http://www13.0zz0.com/2012/07/08/15/489280802.png (http://www.0zz0.com)

[erespe]

Crude light, is now testing the daily pivot (85.06), if the pivot been broken, then it is likely to rise towards the 86.08 level. But if it fails, the possibility of oil will fall to as low as 83.04

[zahed11]

i said it will begin pumping inventory at Cushing, Oklahoma delivery point was not durable, risk appetite, trends quickly sink new WTI contract, which the European Union focused on sovereign power over the emotions weighing Continuing....

[Miki]

Oil. 4 hour time frame Ichimoku green line shows 1.peresecheniya ching span the price chart from top to bottom, and 2. "Dead cross" - also noticeable that the price is not allowed above 85.00, the purpose until near the lower boundary of the cloud.

[sobissa]

Resides at the oil regions of strong critical path in the future, where we expect to close under the support of the sale or closure over the Fibonacci levels of 23 to buy

http://www12.0zz0.com/2012/07/09/13/125808156.png (http://www.0zz0.com)

[Olig]

Oil is now trading almost unchanged, it is felt on Monday, yet do not want to let the price above the level of 85.00, the price has fallen very much, if oil can not be fixed above 85.00, then the goal will be 82.00.

[erespe]

Crude Light was opened and immediately closed below its daily pivot (85.40) on the H1 timeframe. So I think CL will try to touch the 84.33 level, and will likely continue to fall to a level of 83.50

[shiva]

Pivot: 84.00

Our Preference: LONG positions above 84 with targets @ 86.5 & 88.

Alternative scenario: The downside penetration of 84 will call for a slide towards 83.3 & 82.2.

http://cache.mail.yandex.net/mail/6dfe9ffe1eff3cf941d25af7fc9ba408/www.tradingcentral.com/newsletter/partymarkets/images/30CLA.gif

[sobissa]

Oil on the frame of the four hours have started to form the head and shoulders if he can break the neckline, it is possible that the heading for the drop but it strongly shutdown under 23 Fibonacci

http://www7.0zz0.com/2012/07/10/10/771365211.png (http://www.0zz0.com)

[muskan]

oil main trading ak strong trand ahi. pachly dino main ya kafi strong ja raha tha. lakin in dino main is k rate kam hony ki waja sa ya ab gir raha hai. aur mazeed ya ziyada ni gir sakta.

[Gutsalo]

In my opinion oil still has chances to fall on the resistance .. 86 dollars, outlined by a double tip ... if the price still rises above 86 dollars will need to look at the vendor about what will keep the level of ...

[erespe]

CL managed to break the daily pivot (84.53), I think this is just a correction. I believe Crude Light will be turned down towards the 83.12 level.

for moderator forum please pay attention of this:

Crude Light was opened and immediately closed below its daily pivot (85.40) on the H1 timeframe. So I think CL will try to touch the 84.33 level, and will likely continue to fall to a level of 83.50


Crude Light was opened and immediately closed below its daily pivot (85.40) on the H1 timeframe.
So I think CL will try to touch the 84.33 level, and will likely continue to fall to a level of 83.50

This user dent20100, is violating the bonus posting campaign, I saw a lot of copy paste like this he/she did, especially from mine! please moderator/admin who read this, may ban him.

[Marki]

Oil can see the channel in which it is traded, repulsed from its lower course of the border continues to grow to the north, the purpose of oil is still at least near the upper slope of the channel - the level of 85.50.

[sobissa]

Oil closed yesterday under the 23 levels of Fibonacci support levels, as well as what makes us think to sell more than purchase price under 23 as long as the Fibonacci

http://www13.0zz0.com/2012/07/11/10/824296292.png (http://www.0zz0.com)

[Miki]

if we analyze the weekly chart of oil we can see that the price strayed (formed a double bottom) of the long-term level of 77.60 before oil began to form a new wave of mid-northern end of which a minimum of about 100.00.

[Olig]

But for oil is a trend reversal, price formed a reversal formation "head and shoulders", which was formed on the daily chart, the next time I expect to continue to grow, the goal in the first place 100.00.

[queen]

Oil is a most valuable asset in the market. It's demand is very high. In some country it is also very costly.

[orkid]

I expect, Oil will increase and the reversal will be100.We need some correction to cope with the current forex trading market.

[al hossan]

an oil is any substance that is liquid at ambient temperatures and does not mix with water but may with other oils and organic solvent.

[sobissa]

Oil candle closed the week bullish candle closed above the resistance levels predict further rise next week, I expect over 38 levels of Fibonacci next week

http://www14.0zz0.com/2012/07/14/15/471379729.png (http://www.0zz0.com)

[erespe]

CL, floating in the pivot area (86.75). I think oil is still in bullish trend, so it is likely to rise towards the 87.93 level

[Marki]

oil prices last week was able to steadily strengthened above the resistance level of 86.35 then traded almost unchanged, it seems it is gaining strength for further growth, the goal until 90.00.

[Miki]

Oil also filed several buy signals, has just been broken short-term resistance level of 86.94 to the price is not able to overcome all day, too. "Ichimoku golden cross", the purpose of 90.00.

[skchorvadi]

oil target plz??

[Olig]

Oil today resumed its growth, the price closer to the daily maximum of 87.50 and resistance, most likely will be a breakthrough at this level, paving the way for further growth in the north to 89.00.

[skchorvadi]

Thanks Olig
i am buy at 86.80 and book profit at 87.50

[zulfiker_ali]

An oil is any substance that is liquid at ambient temperatures and does not mix with water but may mix with other oils and organic solvents. This general definition includes vegetable oils, volatile essential oils, petrochemical oils, and synthetic oils..............:)

---------- Post added at 10:31 PM ---------- Previous post was at 10:27 PM ----------

what is oil ??? The oil Menard .

[chirag111222]

oil is nwadays gone a little lower than expected as due to recent drop in price of bareel but it seems to regain its original price and seem to be go boom ..

[ashaab]

http://i46.tinypic.com/2lxxnbd.gif

The short term trend of the oil is to the upside. Intraweek trading range of the Oil is expected among key support at 82.60 and key resistance at 91.80. Based upon my chart analysis, I prefer to buying the oil around 85.10 with targets 88.40 then 90.00 and stoploss with daily closing below 84.00.

[skchorvadi]

Can touch 90$ today??

[mahmoud mohamed tawfik]

long positions at 87.2100 with 87.8400 and 88.5700 as next targets

the breakout of 86.6500 will call for a rebound towards 1.5565


http://www12.0zz0.com/2012/07/17/08/603409552.gif (http://www.0zz0.com)

[skchorvadi]

Thanks mahmoud mohamed....

[Miki]

Oil price has just tried to break through the resistance level of 88.74, but for now strengthened above the mark it was not possible, as shown MASD divergence, I think that a possible southern areas.

[Olig]

In the oil market indicator MASD showed a double divergence, but so far for the fall of price must also be overcome and the support of 88.70, with a break open the way for further decline, to 87.50.

[mehulpopat12]

hey it nice area for oil discussion..but can anyone tell me please how many capital require to trade oil safely and without margin call for short term like 5m time frame..i am really attracted to oil because it has zero spreads and i am scapler so 3-4 pips that are spreads on other currencies are profit for me in oil..please guide me for trading oil safely..thanks..

[ashaab]

http://i50.tinypic.com/349ewpc.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 86.20 and key resistance at 92.20. Based upon my chart analysis, I prefer to buying the Oil around 88.40 with targets 89.10 then 90.20 and stoploss is below 87.00.

[erespe]

Oil will likely continue to rise. Today the possibility of CL will rise to the level of 89.89 to 90.69. But if the price had dropped below the pivot (88.65), probably oil would drop to a level of 87.85.

[mahmoud mohamed tawfik]

long positions at 89.1600 with 90.3100 and 91.6500 as next target

the breakout of 88.4200 will call for a rebound towardw 87.4500

http://www9.0zz0.com/2012/07/18/08/972948573.gif (http://www.0zz0.com)

[Macintosh]

Yesterday was a quick but short correction in oil, is usually done to raise the foot and go further in the direction of the trend came very quickly and now the price is again testing the upper limits ... so I think oil prices will rise ...

[liveforextrading]

Live Forex Trading (http://www.liveforextrading.info)

We are here to help you reach financial freedom trading forex. This site has been developed to connect professional traders with those still on journey to profitable trading. We embarked on this journey back at the start of 2010, and after a few years of research and failed trading strategies (and lost money!) we believe we now understand the best way to profit from forex trading (http://www.liveforextrading.info).

[rana157]

oil ka jo ab tak trend chal raha ha is se to pta chalta ha ke ye throra low trend main ha lekn mere khayal main ye
subu tak 96 tak chala jaye ge.or up trend main jaye ga.

[Miki]

The trend on the daily chart of crude oil was changed to the north, a few days the course went into the Ichimoku Cloud struck the lower limit, and thus confirmed the two signals to buy, filed earlier.

[ashaab]

http://i45.tinypic.com/11hgxeo.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 84.10 and key resistance at 91.85. Based upon my chart analysis, I prefer to buying the Oil around 88.40 with targets 90.20 then 91.85 and stoploss with four hour candle closing below 86.95.

[Olig]

Now it is very clearly visible trend line for the oil to the four hour chart, and the approach to it can safely fly, I think oil prices continue to rise to the 100.00 figure, it does not have any significant practical obstacles.

[Gutsalo]

Looks like # CL is now in a very good growth, now the price has formed a figure of a slingshot, so I think will soon be firing on the north, a rough target, think about 92 dollars ......

[mahmoud mohamed tawfik]

long positions at 91.0700 with 91.7200 and 92.5700 as next targets

the breakout of 90.4400 will call for a rebound towards 89.6700


http://www4.0zz0.com/2012/07/19/08/536505089.gif (http://www.0zz0.com)

[Miki]

Oil is again in a bull market, and today it is well grown up in price, even managed to strengthen its position above the resistance level of 90.00, the next strongest level is approximately 91.90.92.00 they become targets.

[ashaab]

http://i46.tinypic.com/29q055e.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 87.45 and key resistance at 93.60. Based upon my chart analysis, I prefer to buying the Oil around 90.0 with targets 91.85 then 92.75 and stoploss with four hour candle closing below 89.35.

[Olig]

Oil came close to the medium level of resistance of 91.88, the price rose strongly today, after a typically expect the correction to the south, and I expect it in the rebound from 91.88.

[Macintosh]

Yes indeed, the oil went to the top, are now trading around 92 dollars .. but if all goes well then, under the dictation of the bulls think we can see a sample ... and the next goal of 95 dollars.

[erespe]

Oil has not left its bullish trend. Correction approaching the pivot (91.68), are likely to bring the oil up to the 94.00 level. Bullish trend still dominate today's market.

[mturk2007]

Take a look today at the bigger picture for the price of oil, and shows us the daily chart price return to the main channel emerging picture described above.
*
In general, we expect to see further gains in the long and short term intraday and the following main objectives are located at 94.50, while required to achieve stability above 91.45
*
Expected trading range for today is between: Support Resistance 91.00 95.40
*
General tendency is expected for today: rising

[sobissa]

Oil goes down after touching resistance levels on the day the first frame support levels will face will be at 38 Fibonacci

http://www7.0zz0.com/2012/07/20/11/436302532.png (http://www.0zz0.com)

[Olig]

Oil broke through the lower boundary of converging triangle, which was formed at the peak of the week, and continues to fall, seem to continue falling to the level of support 90.00, the bulls began to cover their positions.

[mouheb]

The cost of the August U.S. light crude oil futures (WTI ) grew up to $ 93.20 per barrel on the NYMEX. The Oil rose today against the backdrop of tensions in the Middle East and speculations on new measures for stimulating the U.S. economy.

[ashaab]

http://i45.tinypic.com/16jhlp0.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 88.40 and key resistance at 95.30. Based upon my chart analysis, I prefer to buying the oil above 91.85 with targets 93.60, 94.80 then 95.30 and stoploss with four hour candle closing below 90.20.

[suresh]

Oil market have huge volatility then the currency market and i think newbie trader should not trade in this market because understanding this market is not easy and for trading with oil and for trading with this market trader should invest huge dollar.

[sobissa]

Oil closed the week bullish candle closed above the Fibonacci levels of 38 on the frame but the daily stochastic regions of saturation exists when my order and the pair is located inside the cloud Como Span him overcome his rise to complete

http://www13.0zz0.com/2012/07/22/18/985031285.png (http://www.0zz0.com)

[yogesh]

Oil market have huge volatility then the currency market and i think newbie trader should not trade in this market because understanding this market is not easy and for trading with oil and for trading with this market trader should invest huge dollar.

One good thing about oil is in long time it always appreciate and it is poised to make new high so being long in oil may be beneficial than other pairs, though we should avoid being long when it is in bearish trend.

[ashaab]

http://i48.tinypic.com/inv71h.gif

The short term trend of the Oil is to the upside. Intraweek trading range of the Oil is expected among key support at 87.10 and key resistance at 97.00. Based upon my chart analysis, I prefer to buying the Oil around 89.00 with target 91.40 then 93.90 and stoploss with four hour candle closing below 88.00.

[Gutsalo]

Oil is now growing, but so far we see that the price of doing a rollback ... I think the strong support in this case should serve as a mark 88.00 .. I think it should be the point of purchase for the bulls ..

[sisir]

Oil bounced back several times from above 85-86 . I think this time it will show same magic. Long oil:yahoo: waiting for profit

[hichamoiv]

Oil market have huge volatility, then the currency market and I think novice trader should not negotiate in this market because the understanding of this market is not easy to trade with oil and negotiation with that dealer market should invest huge dollar.

[Miki]

Oil continues to fall, the price broke through the cloud of Ichimoku confidence and confidence strengthened below it, is now the main medium-term trend - south, has just completed a course correction and resumed the northern fall, the goal is now 85.00.

[ashaab]

http://i47.tinypic.com/5n94e8.gif

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 88.00 and key resistance at 92.00. Based upon my chart analysis, I prefer to buying the Oil with a break above 89.00 with targets 90.00 then 91.40 and stoploss with four hour candle closing below 88.00.

[mahmoud mohamed tawfik]

long positions at 89.1500 with 90.4600 and 92.2900 as next targets

the breakout of 87.9700 will call for a rebound towards 86.4900


http://www3.0zz0.com/2012/07/24/09/763815696.gif (http://www.0zz0.com)

[Miki]

Oil fell yesterday, very much in price, but today it continues to trade virtually without any changes noticeable strong level of support 87.78, from this level will probably think the move to the north.

[expert]

Oil is bearish at this moment. I can see it has chances to break its support at 87.65. If this pair can make it, than it will reach 87.00 and 86.70 for sure. But if its fail, then Oil may return to 89.05 or even higher than that today

[mturk2007]

Try to the trading price of oil positively since the morning and trying to stabilize above the MA 50, and this reinforces our positive of the morning, which remained in place, provided that stability above the level of 87.25
*
Expected trading range for today is between: Support Resistance 86.00 91.50
*
General tendency is expected for today: rising

[Olig]

Oil has just broken through the lower boundary of converging triangle, and continues to fall, this breakthrough opened the way to the level of support around 86.30, to this level is almost no technical obstacles.

[Gutsalo]

Now the price dropped a little and keep the level of 87.40 ... quite difficult to tell where to go next, I think have to wait for the breakdown of narrowing of the triangle, and some market recovery ... but still better to sit on the fence ... I think the situation is quite uncertain and may go either way ...

[mahmoud mohamed tawfik]

long positions at 88.7300 with 89.800and 91.2700 as next targets

the breakout of will call for a rebound towards 86.0300

http://www12.0zz0.com/2012/07/25/07/923617221.gif (http://www.0zz0.com)

[mturk2007]

The price of oil is trading slightly positive since the morning and trying to rise above the moving average of 50, while entering the stochastic oversold.
*
From here, the scenario proposed am still firmly in place trading above 87.50
*
Expected trading range for today is between: Support Resistance 86.00 91.50
*
General tendency is expected for today: rising

[hmkowsar]

jyada move nahi hoga par aaj friday hai to barosa nahi is oil ka .agar aap order na kare to hi acha hoga .

[Miki]

Oil has strengthened steadily below the cloud top, and the American session after protorgovki again resumed the fall, the purpose of my still-south and is located near the lower boundary of the cloud.

[Olig]

mid-term after breaking the support level of 87.85, the main question was, whether there will be a retreat and renewal of the strong support in the area of ​​86.50, the dollar continues to grow, and maybe that will go even lower.

[mahmoud mohamed tawfik]

short positions at 88.6100with 87.4100and 86.0300 as next tasrgets

the breakout of 89.5300 will call for arebound towards 91.2700

http://www11.0zz0.com/2012/07/26/07/320120642.gif (http://www.0zz0.com)

[mturk2007]

The price of oil is heading back to retest the new 88.00, and try to keep it stable.
*
In general, the expectations remain positive list for the day unless they are breaking the 88.00 and 87.65 the most important
*
Expected trading range for today is between: Support and resistance 87.65 92.00
*
General tendency is expected for today: rising

[sobissa]

Oil drop in the past few days after hitting a downtrend in the former prompting him to drop price now resides inside the cloud Como Span will present the fluctuation within us out of the cloud Como Span and break the downtrend to complete the climb

http://www13.0zz0.com/2012/07/26/12/749228572.png (http://www.0zz0.com)

[100 to 1,000]

3134

according to my analysis this commodity is heading towards the upper side because as we already noticed that oil has been in a downtrend during the last 2 months and maybe it is time to go up. the h4 chart shows that the price is already above the moving average and the the price also already crossed RSI to the upside.

[neajctg01]

:accute::woo:
oil market is good . when your intial resistance is 100 followed by 105 intraday resistance..........

[mturk2007]

Pushed up the price of oil surpassing the strong levels of 89.00 and 90.00, but came back to close below 90.00, while the stochastic continues to support the price and provide more positive.
*
Thus, we keep our expectations in positive and initially targeted at levels of 91.50 and 93.00, with reference to the need for stability above 88.35 and 87.60 over the most important to preserve the chances of achieving these expectations.
*
Expected trading range for today is between: Support and resistance 87.65 93.00
*
General tendency is expected for today: rising

---------- Post added at 12:02 PM ---------- Previous post was at 07:12 AM ----------

Shows the price of oil is trading sideways since the morning, while stochastic continues to provide positive signals on the daily timeframe.
*
From here, the scenario proposed am still exists to this day, unless the breach of 88.35
*
Expected trading range for today is between: Support and resistance 87.65 93.00
*
General tendency is expected for today: rising

[Miki]

Noticeable that the oil has completed corrective phase, and again began to grow, the rate of support to stand around 88.16, and today from this level went to a retreat to the north, expect continued growth to a level of 92.70.

[Olig]

Oil was finally able to strengthen its position above the 200 MA, which now serves as a support level, but while still preventing the growth of short-sloping line with its goal of overcoming 92.80.

[sobissa]

Petroleum is moving upward but poorly and is now finding resistance at the Fibonacci levels of 38 to return from the possibility of a new drop from then

http://www14.0zz0.com/2012/07/27/18/689651373.png (http://www.0zz0.com)

[Macintosh]

Oil is still able to fight off support for 97-98 dollars, and once again resumed its growth ... in the last few days of recovery in the currency is ... I think this should affect the raw material .. so now expect growth to 95-96 dollars ..

[shaikrazak]

oil kaafi time se bnahut strong chal raha tha may be because of Libiya riots..
jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha...
94 ke as pas iska 1 chota sa support hai..i think oil 94 tak jayega uske bad uptrend me jayega

[marwa]

after viewing the chart we can take the uptrend in consideration due to the pair is closed above level 95.00 . as a result of that , the long direction is very expected and the pair might head to level 110.00 for next week, good luck...

[sobissa]

Oil closed the week hanging man candle and give us a clear possibility to see the further decline in the coming weeks, especially since the closure was under the falling trend

http://www4.0zz0.com/2012/07/29/22/772956606.png (http://www.0zz0.com)

[mahmoud mohamed tawfik]

short positions at 90.1500 with 89.4700 and 88.760 in sight

the breakout of 90.9300 will call for a rebound towards 92.2200

http://www14.0zz0.com/2012/07/30/07/741997539.gif (http://www.0zz0.com)

[mturk2007]

Oil prices settled above the psychological barrier at $ 90.00 a barrel, and above SMA 50, along with continued positive signals coming from the stochastic to a daily timeframe.
*
Thus, these factors support our expectations for the continuation of the upward trend in the short term and the following targets start at 93.00 and then away to the psychological barrier of 100.00
*
A break of 87.80 will stop the rising wave of expected and lead to a possible shift in intraday trend downward.
*
Expected trading range for this week between: Support and resistance 87.80 99.00
*
General tendency is expected for this week: bullish

[Miki]

Oil is now able to be enhanced above the Ichimoku cloud, the price is now completing corrective phase, much that the price did not want to put below the cloud top ischimoku, most likely it will hang on to the north.

[sobissa]

Petroleum knew the first day of trading this week, twice on trading for him but he became under the trading levels of resistance at 89.79 in what makes us think more downside

[Gutsalo]

In oil, in principle, can be seen kind of step with the rising level of 89 dollars ... but it also shows that the asset is not going to grow rapidly, there is not a lot of money and a strong trend, but still think the price could rise to 91 dollars .. in the next few days. ... with the possible extensions to 92.90 ...

[shamfx01]

An oil any substance that is liquid at ambient temperatuers and does not mix water but may mix other oils and organic solvents.petrochemical oils and synthetic oils.

[Miki]

Oil pulled strongly to the south, the price did not stop the lower bound of the Ichimoku cloud, and the course rolled on, the road to the 88.00 support level is open to it and is now moving, and the gold is gone, too, to the south.

[Jobs]

In my view, oil is still more than hold a northerly course, there is very strong support for 87 dollars .. but still hard to break above 93.25 ... so I think now a little pullback to 89.50 ..... but then again we will try to storm the top ,

[ashaab]

http://i45.tinypic.com/dzyx78.gif

The short term trend of the Oil is to the upside. Intraweek trading range of the pair is expected among key support at 88.90 and key resistance at 97.50. Based upon my chart analysis, I prefer to buying the pair around 89.85. with targets 91.50 then 93.40. and stoploss is below 88.75.

[Gutsalo]

Yes indeed prices have gone a little bit on top, beautifully worked for the level of 90.80 and is now number one goal is 92.80 ... whether more can be sure until some time in the hallway bargain 90.80 -92.90 ... but with the prospect of long-term growth ..

[ashaab]

http://i50.tinypic.com/11akhuu.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 90.50 and key resistance at 95.00. Based upon my chart analysis, I prefer to buying the Oil around 91.05 with targets 92.20 then 93.40 and stoploss with four hour candle closing below 90.30.

[Viki8]

Oil today is very much went to the north, and even managed to overcome week high and the level of 92.50, after such growth usually begins correction of the south, and it will need to catch the cart, you can forget about the sale.

[dollar]

The general trend of the Oil is to the upside. The movement of the Oil for today is among major support at 90.50 and major resistance at 95.00. According to my chart analysis, my opinion is to buying the oil around 91.05 with targets 92.20 then 93.40 and stoploss with four hour candle closing below 90.30.

[ashaab]

http://i46.tinypic.com/2eyyt6d.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 91.55 and key resistance at 97.70. Based upon my chart analysis, I prefer to buying the Oil with four hour candle closing above 93.80 with targets 95.80 then 97.70 and stoploss with four hour candle closing below 92.65.

[Viki8]

Also on the oil, I continue to hold a long position, a deal done on a trend, here finally came to an end correction of the southern and northern movement was resumed, my first goal will be about 94.45.

[dollar]

Oil is touching the resistance level at 93.61 now.
If Oil can break this resistance level, Oil may goes up to the next resistance level at 95.21

[Gutsalo]

At last week's oil industry has done a good push to the north, is now seen strong support for de levels of 90.80 and 91.80 .. so waiting on the graying of the week to continue the growth of these marks ....

[100 to 1,000]

3677

the price of oil is, as you can clearly see, slowly slowly moving up and reaching the previous high. i think it is natural to see this because the oil price has been moving down and quite big too. so i think the bias of the market is currently leaning toward uptrend. however, we must be careful of a potential retracement.

[simpleforex68]

The price has just broken out the short term downtrend line. So, I think it will be up to the Resistance Area at about 94.24. Just see how the market reacts at this resistance.
http://s9.postimage.org/tkg8abrm7/Oil.png

[dollar]

Oil is moving between the support and resistance level now.
If Oil can break 93.61, Oil may goes up to the resistance level at 95.21
If Oil can break 92.04, Oil may falls to the support level at 90.76

[RidoyRx]

Oil: The Oil futures rose on fears that rising tensions in the Middle East will cause a failure in the supply of the Oil. The cost of the September WTI futures grew to $ 94.10 per barrel on the NYMEX.

[Rozumovski]

Oil continues to hold the northern direction, keeps a good horizontal levels are up against a resistance of 94.60 ... and there is a possible retracement levels, after which, I think the price should go even higher than these levels ... 94.60 92.70 91.80 .. and ...!!!

[Emma]

Oil for the last week has shown great northern growth pair even managed to strengthen the upper limit of the Ichimoku cloud, the underlying trend is now back north, I think soon we will storm the 100 figure.

[Gutsalo]

Well, that's what we expected, oil prices continue to go back ... today struck another mini-max, there is a price above 95 dollars ... so I think may not be so fast, and is slowly but the price will move in the direction of the target 101.30 .. ...

[atiqrehman]

Today oil have good achievement it is low at 93 and high near 96 app 3 dollar high and 1.4 % in a single day
its a great earning day for oil purchase

[Emma]

I just opened a long position on oil, the price steadily strengthened above the strong level of 95.00 (+ shape) and significantly lower than that it does not want to start up, and the price is trading near the high of the day, which indicates the strength of bulls.

[Jobs]

On daily chart of oil reached the first mark of a strong U.S. $ 96 ... also there is a very strong moving average with a period of 200 ... but still positive look at the chart I think prices are set once again to be above $ 100 ....

[Jobs]

On daily chart of oil reached the first mark of a strong U.S. $ 96 ... also there is a very strong moving average with a period of 200 ... but still positive look at the chart I think prices are set once again to be above $ 100 ....!!!1

[gujarati]

In fact, I am what I trade on oil at all, not even gold and silver do not know why, although he has some traders are trading their only and are making good profits, but I'm thinking about trading them soon .. and will continue my topic with you greetings

[oil_trader]

the oil price is going up and we can see it on instaforex mt4 trading platform. i believe the people will drive the price up because there is a strong move from several days/weeks.
we have to trade carefully because there might be sudden spike when there is a strong move in oil. it is possible for oil to climb up to the level 100 again.

[Emma]

Oil, continued to hold a long position, the price has just made ​​another up week, breaking through the resistance level of 96.60, I think to buy more, especially as the dollar continues to fall, the goal may be 100.00.

[Tyler7]

Oil today continued its rise Friday, the price made ​​a new high for the week and on the daily time frame has managed to break through even the 200 moving average, the path to the 100.00 figure is open to it now and move.

[Rozumovski]

the oil market today also showed good plus, the price continues to move to their previous highs ... there is a new high and rolled above the 96.25 ... I think the more money in the market the better the level of the analysis ... and so now expect hang up and go again to the north ...

[Emma]

Oil continues to keep a long, sloping price approached the level of support (it can be clearly seen on the 4 hour chart), from her I think that will be the continuation of the northern trend, the main purpose I see 100.

[alley]

Light sweet crude markets had a positive session again on Tuesday, and broke above the highs from the Monday session in order to trigger buy orders. However, by the end of the day we saw this entire market pullback and form a shooting star. This suggests to us that there is some downward pressure, but we think that the $95 level will continue to offer significant support. In other words, it looks like we�re setting out for consolidation.

This of course can change at a moment�s notice based upon headlines. There are reports coming out of Israel that the Israelis are getting ready to preemptively attack the Iranians because of their nuclear program. Whether this is true or not it doesn�t matter, it�s simply put fear into the marketplace which should drive prices higher overall. With this in mind, we are buying supportive action close to the $95 level. As for selling, we aren�t even considering it at this point.

[Emma]

My goal for oil is still the upper limit of the inclined (uplink) - the level of 99.00, oil continues to rise, while there is a slight correction, the resumption of growth buy more.

[Tyler7]

Oil. Well wait rebound from the bottom of the channel and bought, the trend continues to strengthen in the north, the price feels fine boundary of the channel, I think to be 100.00.

[Tyler7]

Oil is just very much just collapsed after the news, the price of even managed to break the support level of 95.40, while waiting below the normal capacity of the mark, and after selling the north correction.

I think it is so obvious theoretical divergence on the chart above, which, if we observe again the hidden divergence, in other words, the indicator used is sought in accordance with the current market conditions? true that I
Yet it seems to be falling

[Rozumovski]

Yes oil showed maximum of 98 dollars. and the price was cut short ... very serious bearish candle and punched several important horizontal levels ... so now there is resistance on the short-term charts around 95.10 ... it is very possible that the price has aimed again at 93.50 ....

[Biddarani]

Initial support at 95.00 followed by 92.50. Initial resistance is now at 98.00 followed by 100.00

[Jobs]

Today, the oil market has shown a spurt down ... but the pressure on price has been so strong to knock the level of support for 95 dollars ... now the price keeps rising trend line has not been broken ... the more good work for the level of 94.40 I think that you can buy

[Jobs]

Today, the oil market has shown a spurt down ... but the pressure on price has been so strong to knock the level of support for 95 dollars ... now the price keeps rising trend line has not been broken ... the more good work for the level of 94.40 I think that you can buy///!!!

[fxmylife]

Oil is still trading below the levels of 61 fib I expect to see more of the landing as long as the pair could not close above the 61 Fibonacci levels

[Jobs]

It looks like yesterday's fall was only rolled back when the price moves to the north ... so that today the price breaks through the levels successfully and safely in the day it grow, so that the objectives for today and tomorrow is 97.50 and 98.20 ...

[Jobs]

It looks like yesterday's fall was only rolled back when the price moves to the north ... so that today the price breaks through the levels successfully and safely in the day it grow, so that the objectives for today and tomorrow is 97.50 and 98.20 ...!!!

[Jobs]

It looks like yesterday's fall was only rolled back when the price moves to the north ... so that today the price breaks through the levels successfully and safely in the day it grow, so that the objectives for today and tomorrow is 97.50 and 98.20 ...!!!!///

[ashaab]

http://i50.tinypic.com/20f5gg5.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 93.00 and key resistance at 97.30. Based upon my chart analysis, I prefer to stay aside from the Oil until we get a confirm setup for the upcoming big move.

[mirafx05]

Oil is the main elements in the world. it is very essential for car, for ship, for cook. Saudi-Arabia,Iraq and Iran found oil. without oil in the world no make everything.

[Tyler7]

Oil is traded in a bearish channel, the price went up to the top of the dense its borders until the level from which you can expect a reduction 96.50 for it, I put my feet .. goal until 96.00.

[ashaab]

http://i50.tinypic.com/jq0suq.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 93.00 and key resistance at 97.30. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[Emma]

Just buy more oil, the time schedule is clearly visible sloping below which the price is not, + couple is not fulfilled signal south Ichimoku until my goal is the resistance level 97.90.

[Jobs]

It looks like oil takes a break on the good strong movement began to form the channel down to 4 hour schedule, so while I think prices will move in a wide 94.50-98.00 channel ... so that's indicators went down ... so I think that is now moving to 94.50 ....

[Emma]

Oil is still made ​​by their sloping and broke the support level, the price is trading within Ichimoku cloud, while from further decline still save 94.85 level, which at the break and I selling.

[ashaab]

http://i45.tinypic.com/2pp0ugp.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 92.45 and key resistance at 96.80. Based upon my chart analysis, I prefer to selling the Oil around 95.40 with targets 93.25 then 92.45 and stoploss with four hour candle closing above 95.95.

[alley]

Higher Risk Markets Under Pressure Ahead of Bernanke

October crude oil futures are under pressure after Hurricane Isaac spared oil-refining areas from damage. The hurricane has been reduced to a tropical storm and it appears that refineries are set to resume shortly their production schedules. Speculators are also paring their positions that were put on ahead of the storm, helping to drive down prices. Also traders are talking about the possibility of the release of oil from the government�s strategic reserve. This move is supposed to help reduce gasoline prices which are skyrocketing, but the opposition feels that it is politically motivated.

Technically speaking, the October crude oil contract is setting up for a break to $92.75. This price represents a 50% correction of the $87.20 to $98.29 range.

[Jobs]

Oil all the way as predicted fought off the 94.50 level and successfully went to the north ... as the trend now on tool mainly to the north that is what I wait for the next week marks 98 dollars a possible rise ....

[oil_trader]

4136

the price of oil is now at the upper half of the bolinger band's area. it moved up during the Friday with a strong points and it might also move up during today's trading. however, if we want to take other perspective, we can see that the price already hit the upper band during Friday so it might be a sign to go down.

[alley]

The light sweet crude markets had a very solid day on the Friday as the market bounced off of the $95 support level. This may have partly been in reaction to the speech by Federal Reserve Chairman Ben Bernanke in Jackson Hole, Wyoming. He did in fact suggest that the Federal Reserve could not rule out purchasing more bonds. Because of this, commodity traders began to bet on inflation. This of course helps the value of oil, just as it did many other commodities.

On a break of the highs from the previous week, we would be breaking the top of the shooting star from the weekly timeframe. This is an excellent buying signal as far as we can tell, and as such we would be doing so at that point. As for selling, there are far too many support levels below in order to do that.

[Alex]

Oil today after the news very much collapsed breaking number of strong levels of support, the ultimate goal would be to think of oil level 94.00, on the way to it there are no major obstacles.

[Jobs]

It seems all the money is gone now for the currencies and metals ... shows that oil is not the big players, or at least they do not protrude much, just myself or anyone without interfering dial their portfolios ... so I think still that prices have to go to the top, it will be a strong signal to break above 98 dollars ...

[pintu01]

But the oil can not overcome the is cloud top-level of 94.00, and he was the starting point to the north, I prefer to stay aside from the Oil until we get a confirm setup for the upcoming big move.

[pintu01]

Oil key 101 kw pass 1 baht strong resistance lag raga hie and Last 2 din ki candel ke hisab se lagta hai ki oil ka trend thdoa down side chal raha hai
94 ke as pas iska 1 chota sa support hai..i think oil 94 tak jayega uske bad uptrend me Jaye...

[dilawarkhan]

agar forex main oil ki upside ho jaye to hum ko kafi fayeda mil sakta hai

[Jobs]

And here is the breakthrough for oil, and with a very sharp gepom ... jumped out of the consolidation, and now the same level of 98.50 seen as supporting, so long as the price rolled back I think you can buy, the market did very serious turn to the north so it can be very interesting continuation ...

[pintu01]

Oil key 101 kw pass 1 baht strong resistance lag raga hie..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 nah hiya. The to lagta hai ki ye air necklace ha Sakha ha..

[shakibcse]

An oil is any neutral chemical substance that is a viscous liquid at ambient temperatures, is immiscible with water but soluble in alcohols or ethers. Oils have a high carbon and hydrogen content and are usually flammable and slippery (nonpolar). Oils may be animal, vegetable, or petrochemical in origin, volatile or non-volatile

[Vamos]

yes it happens ... not enough positions for buyers had to make some unnecessary force passengers ... is out, and last week the euro was and then there was a growth of more than 200 points ... so I think oil prices will rise, this is just f temporary dip in prices ...*

[nouran]

Oil going on 98, i hope it will increase and gonna reversal for 100, trhen 105 and it gonna touch 100 in coming days but after some correction, not like rocket

[angle]

This is a perfect comdity to trade since it chances its trend after sometime together with gold then life is much much better am i don't knows what is good if forex market was not there.

[turborx15]

May i know how many balance i should need to trade for oil? what are the profit or loss for every pips movement for oil trade? Please anyone help me.

[Tomi]

Oil continues its slow way to the north, the first goal, I think it will be in the region of 93.75 resistance, it can be to try and sell it, while not particularly believe in the strong growth of oil as now there is a growth of the dollar index and the more so that the oil a few days ago, much fell.

[Viki8]

Oil on the 4 hour chart painted signs of resumption of the northern trend - crossing the green line Ching span the price curve upward, and +. "Golden cross", as there was formation of a double bottom forward to continuing the northern movement.

[Fxsniper]

sell Oil now coz it's fall our USA market...and we get huge profit for this things our trade must be long term...

[smart]

Trading price of oil stabilized below pivotal support levels described in our recent reports, which provides signals that before the price further down on the intraday and short term.
Awaited targets start at 88.00, but we have the attention and taking into account two important factors they might put doubt in the path of the falling price expected:
I: obviously oversold that appears on the stochastic
Second: Do not we get a daily close below 90.00 so far.
Expected trading range for today is between: Support 88.00 Resistance 91.50
General tendency is expected for the day: Down

[mahmoud mohamed tawfik]

short positions at 91.3400 with 90.0500 and 89.0500 as next targets

the breqakout of 92.2600 will call for a rebound towards 93.6300

[pkd8915]

Forex trading is not a matter of oiling. It is a genuine business system. I do not like oiling of any kind. I like legal profession for living. Oiling is possible for mankind. But forex is not a man, it is a profit earning and employment creating media.

[Skoda]

oil abhi thoda thanda pad gaya hai aur thode din wo aaram kareaga, jyada move nahi hoga par aaj friday hai to barosa nahi is oil ka, agar aap aaj order na kare to hi acha hoga .

[Macintosh]

On the hourly chart to see that the price of oil has drawn some divergence on the MACD histogram and figure inverted head and shoulders, so that now the level of 93.60 is very important ... so until he is struck on the top would consider short positions ... can move down more continue ...?

[Vamos]

Oil prices have settled very well at elevations 93.25 and today continued its fall .. and now almost reached 87 dollars to support ... so I think this will mark a very important ... so we'll see the price can make a stop there to take that position at the top ...

[Macintosh]

:)))On daily chart at levels 87 dollars is good support and now we can see that prices are back on top again .... but I think the first such obstacle will mark 89.50 dollars so if you think it will overcome and will soon reach 91 ...

[saqib160]

oil ma trade ma na 2 bar ki ha, 2 bar he muje loos huwa ha us ka bad ma abi tak oil ma trade nahi ke, gold ka
rates kafi bahrta ha usi ma zaydea tar trade karta ho, aur is ma muje kafi faida hota ha,

[Monik]

Yesterday there was an unexpected collapse of oil, this morning, the price was adjusted slightly and is now moving around the blue alligator, if the schedule will be able to overcome it then you can buy in order to about 90.00.

[kuntal]

Oil should be marking out the first leg of a larger correction. I have selling position and will closed after profit. Oil should be marking out the first leg of a larger correction. i hope it will increase and gonna reversal for 10, trhen 15 and it gonna touch 10 in coming days..

[smart]

Now trading at the pivotal 91.45 level, close to the level of re-test support for the ascending channel previously breached and that turns into resistance now at 92.00
Conflicting technical signs now, and this is what we need to get back to neutral in order to monitor the disposal price for the pivotal levels between 91.45 and 92.00

Expected trading range for today is between: Support 88.00 Resistance 95.00



General tendency is expected for today: neutral

[Monik]

Oil today demonstrated a number of very sharp price movements, is now falling to the south, waiting for her near the support level of 87.70 (from which she was very rushed to the north), near the mark going to buy.

[raihan8212]

Crude oil futures continued lower in U.S. afternoon trade Monday as growth worries continued despite improvement in U.S. unemployment data.

Investors were keeping a close eye on presidential elections in Venezuela, where a tight race was taking place between President Hugo Chavez and his challenger, Henrique Capriles.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD89.12 a barrel on Monday, down 0.87%, off from a session high of USD89.69 and up from an earlier session low of USD89.54.

The U.S. unemployment rate fell to 7.8% percent in September from 8.1% in August, the Bureau of Labor Statistics reported Friday.

Employers added a net 114,000 jobs in September, while households reported that total employment rose by 873,000 in September following three months of little change.

The number of unemployed Americans stood at 12.1 million in September, the fewest since January 2009.

However, the improvement to the headline rate came from an increase in demand for part-time workers, likely for campaign work ahead of November's presidential elections, which kept oil down.

Finance ministers are due to meet in Brussels later this week and investors stayed away from the commodity to await policy announcements on ways to end the debt crisis.

Meanwhile in oil-rich Venezuela, presidential elections had ended at the time of writing, though electoral officials had yet to announce a winner, keeping markets on edge.

On the ICE Futures Exchange, Brent oil futures for November delivery were down 0.35% and trading at USD111.50 a barrel, up USD21.93 from its U.S. counterpart.

---------- Post added at 09:06 AM ---------- Previous post was at 01:23 AM ----------

Crude oil futures shot up in Asian trading on Tuesday as Syrian violence threatened to spread abroad, with Turkey pledging to defend itself from Syria's cross-border attacks against insurgents along the border.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD90.22 a barrel on Tuesday, up 1.00%, off from a session high of USD90.24 and up from an earlier session low of USD89.92.

Turkish troops fired artillery into Syria to make it clear that it will not allow Syrian violence to further spill over into its territory.

Fears Syrian violence could escalate into an international armed conflict sent crude prices rising.

Meanwhile in oil-rich Venezuela, voters reelected President Hugo Chavez for another term, which pressured prices upwards as well due to Chavez' famous spats with the U.S., a major importer of Venezuelan crude.

Geopolitical fears offset bearish macroeconomic news.

The World Bank earlier cut its 2012 growth forecast for developing Asia-Pacific economies to 7.2% from a May forecast of 7.6%.

The World Bank also said China's economy will growth 7.7% this year, down from a May forecast of 8.2%.

The International Monetary Fund, meanwhile, cut its 2012 global growth forecast to 3.3% from a July estimate of 3.5%.

On the ICE Futures Exchange, Brent oil futures for November delivery were up 0.49% and trading at USD112.72 a barrel, up USD22.50 from its U.S. counterpart.

---------- Post added at 01:06 PM ---------- Previous post was at 09:06 AM ----------

Crude oil futures shot up in Asian trading on Tuesday as Syrian violence threatened to spread abroad, with Turkey pledging to defend itself from Syria's cross-border attacks against insurgents along the border.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD90.22 a barrel on Tuesday, up 1.00%, off from a session high of USD90.24 and up from an earlier session low of USD89.92.

Turkish troops fired artillery into Syria to make it clear that it will not allow Syrian violence to further spill over into its territory.

Fears Syrian violence could escalate into an international armed conflict sent crude prices rising.

Meanwhile in oil-rich Venezuela, voters reelected President Hugo Chavez for another term, which pressured prices upwards as well due to Chavez' famous spats with the U.S., a major importer of Venezuelan crude.

Geopolitical fears offset bearish macroeconomic news.

The World Bank earlier cut its 2012 growth forecast for developing Asia-Pacific economies to 7.2% from a May forecast of 7.6%.

The World Bank also said China's economy will growth 7.7% this year, down from a May forecast of 8.2%.

The International Monetary Fund, meanwhile, cut its 2012 global growth forecast to 3.3% from a July estimate of 3.5%.

On the ICE Futures Exchange, Brent oil futures for November delivery were up 0.49% and trading at USD112.72 a barrel, up USD22.50 from its U.S. counterpart.

[smart]

Price of oil approached the pivotal support mentioned yesterday at 87.85, but did not achieve any break him, to bounce up apparently as a new visit to El resistance levels between 91.45-92.25
From here, the impartiality required now, to ensure the most accurate of the following destination in the short term, while high-risk Manmla they can move with the oil in both sides of the range between the levels mentioned above.
Expected trading range for today is between: Support 88.00 Resistance 93.00

General tendency is expected for today: neutral

[Irika]

Oil is sandwiched between two levels of support and resistance 87.90 91.70 at the moment is the formation of the northern wave, the end of which it is likely to be around 91.70, will have to watch a breakthrough at this level, and if so, it will signal the resumption of the northern trend.

[Macintosh]

Oil prices kept under so inclined myself, resistance levels today ... a little oil added to the price and come down to the marks from where you can try to go in a short position, that looks as if a pro-vendor is where to put the stop then I think to sell, with the goals of about 88 dollars ..@>-

[bunty]

Trading in oil is a very good trade. you can earn much by this trading. Oil ka 101 ke paas 1 bahut strong resistance lag raha hai. jab tak isko cross nahi karega tab tak iski buying karna thik nahi lag raha.

[raihan8212]

Crude oil futures fell in Asian trading on Wednesday in wake of an IMF decision to cut global growth forecasts for this year and next.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD91.73 a barrel on Wednesday, down 0.71%, off from a session high of USD91.94 and up from an earlier session low of USD91.71.

The IMF said that the global economy will expand 3.3% this year and 3.6% in 2013.

Both forecasts represent downward revisions made in July for growth of 3.5% for this year and 3.9% in 2013.

The numbers convinced investors that the global economy is cooling and will be in less need of fuels and energy to operate.

The numbers sparked concern among analysts that weekly crude and gasoline stockpile data released in the U.S. this week will reveal waning demand for oil and fuels.

Elsewhere, protestors clashed with police in Athens to mark German Chancellor Angela Merkel's visit to Greece, as the German leader urged Greece to stick with austerity measures, adding the country will be better off in the long run.

Uncertainty over whether Spain will seek a bailout kept oil lower as well.

On the ICE Futures Exchange, Brent oil futures for November delivery were down 0.42% and trading at USD113.92 a barrel, up USD22.19 from its U.S. counterpart.

[smart]

Pushed the price of oil upwards strongly yesterday, and this what the secondary image shows, but this rush stopped at the retest level support for the main ascending channel - described the picture - and who meets him SMA 50, which refers to the strength of the resistance.
Thus, the return to the upward path has not yet been confirmed, making us continue to neutral until we have more accurate signals confirm the trend.
Pivotal resistance levels referred to exist between 92.30 - 92.65
Expected trading range for today is between: Support 90.00 Resistance 95.00



General tendency is expected for today: neutral

[nurdiantofxwave]

Oil appears in bullish morning star candlestick format. Oil possibility of further movement tried to break resistant at 93.63 and managed to penetrate resistant if the next target is 95.07.

[tradergalau]

yesterday, Oil moved in a great bullish trend. Then, if we look on the previous candle on daily time frame, we can see that the candle indicates the buyers are dominating in the market now. So, I think Oil still has a power to continue the up trend today. I expect Oil will go up to the nearest resistance level at 93.61 or even to higher resistance level at 93.61.

[lulu50]

Oil is the best for trading in these market you raelly have to understand trading these market.
there are a lot of factors that make oil either expencive or cheap.
Its scarcity and the value of dollar.

[shohagpal]

The common side effects of fish oil include a fishy aftertaste and in a few cases diarrhea. Omega 3 benefits to the heart, brain and other systems far outweigh the omega 3 fish oil side effects. One thing to be cautious of, however, is that fish oil is a blood thinner. Therefore, if you are already using blood thinners (such as aspirin) be sure to let your doctor know you intend to take fish oils so he or she can monitor you.

[raihan8212]

Crude oil futures edged lower during European morning hours on Wednesday, coming off the previous session�s one-week high amid ongoing concerns over the health of the global economy.

Losses were limited as investors focused on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

On the New York Mercantile Exchange, light sweet crude futures for delivery in November traded at USD92.00 a barrel during European morning trade, shedding 0.45%.

Earlier in the day, prices fell by as much as 0.7% to hit a session low of USD91.71 a barrel.

New York-traded oil prices rallied more than 3% on Tuesday to hit a one-week high of USD92.88 a barrel after Turkey confirmed that it deployed additional F-16 fighter jets to an airbase close to the border with Syria.

Tensions between the two countries have been growing since Syrian shells last week killed five people in a Turkish border village.

Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

But prices retreated Wednesday as market sentiment remained under pressure after the International Monetary Fund cut its 2012 and 2013 global growth forecasts on Tuesday.

The IMF said that the world economy will grow 3.3% this year, the slowest since the 2009 recession, and 3.6% next year, compared with July predictions of 3.5% in 2012 and 3.9% in 2013.

Investors also remained cautious amid worries over how soon Spain may formally request a bailout and uncertainty over whether international creditors will extend loans to Greece.

Oil traders were awaiting fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of oil demand in the world�s largest oil consumer.

The American Petroleum Institute will release its inventories report later in the day, while Thursday�s government report could show crude stockpiles rose by 1.45 million barrels last week.

The data is released a day later than usual due to the Columbus Day Holiday in the U.S. on October 8.

The U.S. is the world�s biggest oil consuming country, responsible for almost 22% of global oil demand.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for November delivery was little changed to trade at USD114.50 a barrel, with the spread between the Brent and crude contracts standing at USD22.50 a barrel.

London-traded Brent prices have been drawing support from a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region.

[Vamos]

Oil prices have tried to make the leap to the top, but then he met a very strong resistance and price again went to the opposite side of the corridor so that the picture looks like a bear, but it may be some kind of stop at 90.dol ... but in general I think are going to 88 long ...

[raihan8212]

Crude oil futures fell in Asian trading on Thursday on news that stockpiles were on the rise in the U.S. and debt ratings were on the decline in Spain.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in November traded at USD91.14 a barrel on Wednesday, down 0.13%, off from a session high of USD91.28 and up from an earlier session low of USD9111.

The American Petroleum Institute, a trade association for U.S. oil and gas companies, reported earlier oil inventories rose by 1.65 million barrels last week, up from a gain of 460,000 in the week before.

Analysts were expecting crude stockpile to rise by 1.03 million barrels.

Rising stockpiles and a cooling global economy sent crude prices falling in early Asian trading.

Standard & Poor's, meanwhile, lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

Concerns that the European debt crisis continues to cool the global economy sent oil falling as well.

Ongoing Middle East unrest offset losses, especially over Turkey's insistence it will not allow Syrian unrest to spill over its border.

On the ICE Futures Exchange, Brent oil futures for November delivery were up 0.02% and trading at USD114.51 a barrel, up USD23.37 from its U.S. counterpart.

[tradergalau]

I think Oil is moving between the support and resistance level now. In my opinion, we should wait Oil until break the nearest support and resistance level.
If oil can break 92.04 level, I think Oil will continue the up trend today and has a potential to reach 93.61 resistance level or the yesterday's high. But if Oil can break 90.76 level, Oil may falls and the next target is at around 89.28 support level.

[porag]

Together with natural gas, it makes up petroleum, which is Latin for "rock oil". Petroleum is basically a mix of naturally occurring organic compounds from within the earth that contain primarily hydrogen, carbon and oxygen. When petroleum comes straight out of the ground as a liquid it is called crude oil if dark and viscous, and condensate if clear and volatile. When solid it is asphalt, and when semi-solid it is tar. There is also natural gas, which can be associated with oil or found alone.

Crude oil comes in many forms. Usually it is black, but green, red or brown oils are not uncommon. Thin and volatile oils are called "light", whereas thick and viscous ones are "heavy". Light oils have an API gravity of 30 to 40 degrees, which means that the density is much less than 1.0 g/cc. These oils float easily on water. By contrast, some heavy oils have an API gravity of less than 12 degrees and are so dense that they sink, rather than float, in water.

[VANDA_S]

http://imageshack.us/a/img440/3179/oilllll.png (http://imageshack.us/photo/my-images/440/oilllll.png/)

Uploaded with ImageShack.us (http://imageshack.us)
At the H4 chart, price is above the 12 EMA and 72 EMA indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 93.52

[nurdiantofxwave]

On the daily charts movement of oil forming inverted hammer candlestick pattern with moderate RSI, stochastic increase and volume tend increase describing bearish from oil prices have gained support from the market. For further if 92.05 resistance can not be achieved anymore, oil could be bearish trend back with a low estimate in 90.25 tests.

[Orel]

\\\\significant resistance zone for oil around 93.30 to the north will not let the price for 3 consecutive days, from this level will get good sales, but it lasts forever not noticeably that the bulls are getting stronger while waiting for consolidation above 93.80, then the way will be opened to the 100.00 figure.\\\\

[malik kaleem]

customizable currency rates table and cross currency rates.
fixed spreads
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[pish]

Oil is mostly afected by flactuation of usd, its a Oil is also influenced by consumer demand.
The higher spending in consumer demand. especially america the largetst consumer of oil.
International price hicked or production cost also drives the price of oil.

[raihan8212]

Crude oil futures were lower in Asian trading hours on Friday.

On the New York Mercantile Exchange, Crude oil futures for November delivery traded at USD92.22 a barrel at time of writing falling 0.17%.

It earlier traded at a session low USD92.22 a barrel. Crude oil was likely to find support at USD88.21 and resistance at USD93.64.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.02% to trade at USD79.86.

Elsewhere on the ICE, Brent oil for November delivery fell 0.29% to trade at USD115.49 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD23.27 a barrel.

[gandha]

Oil climbed back in European trading hours on Thursday, as rising tensions between Syria and Turkey are still ongoing so as to give impetus to the strengthening of oil prices and investors are waiting for the U.S. oil supply data. Oil had fallen as much as 1.2% on Wednesday. Ahead of EIA data reports later tonight, before the American Petroleum Institute reported late Wednesday that oil inventories increased by 1.65 million barrels for the week ending October 5.

[nurdiantofxwave]

Based on the daily chart, a bullish trend Oil looked in the dark cloud cover candlestick format. Oil possibility of further movement tried to break resistant at 93.18 and if managed to penetrate resistant so the next target is 93.97.

[Irika]

Indeed the recent oil is very sharp and twitching, while noticeable retreat from 95.50 resistance, confirmation of motion to the south was also the breakthrough oblique support level, it is possible that reduction will last for 91.15 .. 90.25.

[moshiur]

Receive kept up to date facts in relation to strength in addition to fat charges. Uncover gas, power, in addition to gross fat selling price improvements. Uncover petroleum charges along with the fat potential buyers guideline.

[forexking2]

Oil price shows some tendency bearish heading towards the level of 91.45, where the neutral position continues to exist to give us a clearer price signals the next direction on intraday and short term.

[Jobs]

Oil can see that there is clear support for 91 dollars ... but if you take a longer interval, I'd say that the oil is now so I think this level of 91 dollars will soon be broken and the price will drop again to around 88 dollars ...

[raihan8212]

Crude oil futures fell in Asian trading on Monday after the International Energy Agency cut its forecast for global crude demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD91.47 a barrel on Monday, down 0.88%, off from a session high of USD91.45 and up from an earlier session low of USD91.49.

The International Energy Agency trimmed its forecasts for 2012 and 2013 oil demand by 100,000 barrels a day for each year from forecasts made in September.

The news sent oil prices falling on concerns a cooling global economy will need less fuels and energy to operate.

Uncertainty over Spain's intentions to request a bailout kept oil lower as well.

Ongoing Middle East tensions bolstered the commodity though bears outnumbered the bulls during the session.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.53% and trading at USD112.97 a barrel, up USD21.50 from its U.S. counterpart.

[alskndry]

The previous candle on Oil is an inside bar candle. So, in my opinion the last Friday's high and low will be a critical points of Oil today, the breakout movement may happens today. But, we can see on the chart that Oil has broken the last Friday's low. It will open a way for Oil to fall today. Maybe Oil will break 90.76 support level and continue falling to the lower support level at 89.28.

[Khan Mustafiz]

Such an result would normally bode well for raw, with prices supported along with the variety of growth-sensitive resources by the possibilities of included support for the dropping financial restoration.

[forexking2]

Price oil closed candle daily recent near barrier 91.45, and begins today passively make us expect to see miles bearish in the coming period, but, as we pointed out earlier, with the high risk they can take advantage of the trading side, where the confirmation destination following the long intraday and short is throughovercome a sensitive levels between support 87.95 and resistance 92.65

[mahmoud mohamed tawfik]

short positions at 90.9300 with 89.0200 and 87.400 as next targets

the break out of 92.6900 wil call for arebound towards 94.3500

[forexking2]

Expected trading range for this week between: Support 87.95 Resistance 94.00
General tendency is expected for this week: neutral

[raihan8212]

Crude oil futures were lower during European morning hours on Monday, as concerns over China�s economy and worries about future oil demand prospects dampened the appeal of the commodity.

Losses were limited as investors continued to monitor rising geopolitical tensions in the Middle East, amid fears over a disruption to supplies from the region.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.02 a barrel during European morning trade, shedding 0.3%.

Earlier in the day, prices fell by as much as 1.05% to hit a session low of USD91.31 a barrel.

Official data released earlier showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

Oil traders were now looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

The Asian nation is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.

Investors were jittery as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

But prices remained supported as investors focused on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Tensions between Turkey and Syria have been growing since Syrian shells last week killed five people in a Turkish border village.

Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.15% to trade at USD113.41 a barrel, with the spread between the Brent and crude contracts standing at USD21.39 a barrel.

London-traded Brent prices have been well-supported in recent sessions, as a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region have been boosting prices.

[David7]

Oil was the formation of a converging triangle, given obscheyu tend to strengthen the dollar index will think of reducing the support 91.12 and probably what will happen and break of this level resulting in 90.00.

[David7]

\\\\\Oil was the formation of a converging triangle, given obscheyu tend to strengthen the dollar index will think of reducing the support 91.12 and probably what will happen and break of this level resulting in 90.00.\\\\\

[David7]

|||||Oil was the formation of a converging triangle, given obscheyu tend to strengthen the dollar index will think of reducing the support 91.12 and probably what will happen and break of this level resulting in 90.00.\||||||

[David7]

/////Oil was the formation of a converging triangle, given obscheyu tend to strengthen the dollar index will think of reducing the support 91.12 and probably what will happen and break of this level resulting in 90.00./////

[David7]

~~~~~Oil was the formation of a converging triangle, given obscheyu tend to strengthen the dollar index will think of reducing the support 91.12 and probably what will happen and break of this level resulting in 90.00.~~~~~

[forexking2]

The price of oil positively inclined slightly since morning to move up above 91.45, and oscillates around it now, may be forced to drop again to continue trading on the price side

[raihan8212]

Crude oil futures added to sharp losses during U.S. morning hours on Monday, following the release of mixed U.S. economic data, while ongoing concerns over when Spain may request a bailout dampened sentiment.

Worries over Chinese economic growth and concerns about future oil demand prospects further weighed on prices.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD90.35 a barrel during U.S. morning trade, plunging 2.1%.

Earlier in the day, prices fell by as much as 2.15% to hit a session low of USD90.28 a barrel, the weakest level since October 9.

The Commerce Department said earlier that retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

The U.S. is the world�s largest oil consuming nation and manufacturing numbers are used as indicators for fuel demand growth.

Investors were also jittery as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

Oil prices were mildly lower during the Asian trading session after official data showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

Oil traders were now looking ahead to Chinese third quarter growth figures due out on October 18.

Market analysts expect the data to show China's annual growth slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the 2009 global financial crisis.

The Asian nation is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.

Prices were also hurt as the International Energy Agency last week cut its demand growth forecast for next year, citing lower consumption in Europe, the Americas and China.

Meanwhile, investors continued to focus on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Tensions between Turkey and Syria have been growing since Syrian shells last week killed five people in a Turkish border village.

Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery fell 0.85% to trade at USD112.64 a barrel, with the spread between the Brent and crude contracts standing at USD22.29 a barrel.

London-traded Brent prices have been well-supported in recent sessions, as a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region have been boosting prices.

[monir111]

magical, occult oils to be discovered in Indonesia. oils with uncommon homes, mainly from the Dayan of Kalimantan. tradition and fables.

[raforex]

High Dose Fish Oil Omega 3 Fish Oil Side EffectsStudies related to high dose fish oil have not, to this point, revealed any detrimental side effects. Recommended dosages vary from two to five grams per day. The average fish oil capsule contains only about a half a gram.

[hodhod2000]

The trading range for this week is expected among the major support at 89.00 and the major resistance at 95.20.
The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55.

[raihan8212]

Crude oil futures fell in Asian trading on Tuesday on market concerns that the U.S. government will reveal in a weekly report that its stockpiles are on the rise, reflecting less demand for energy and fuels.

Softer-than-expected manufacturing data out of the U.S. pushed oil prices down as well.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.24 a barrel on Tuesday, down 0.09%, off from a session high of USD92.31 and up from an earlier session low of USD92.17.

The U.S. Department of Energy will release its weekly report on crude inventories Wednesday, and concerns are brewing the numbers will disappoint, especially after the International Energy Agency trimmed its forecasts for 2012 and 2013 oil demand by 100,000 barrels a day for each year.

A report showing that manufacturing activity in New York state contracted for the third consecutive month sent oil prices falling, as weak activity in the country's factories depicts an economy in less need of fuels and energy.

The New York Federal Reserve's index of manufacturing conditions improved to -6.2 in October from -10.4 in September, but missed analysts' predictions for a reading of around -4.5

Oil did see support on stronger-than-expected U.S. sales figures.

The Commerce Department reported earlier that retail sales rose by a seasonally adjusted 1.1% in September, outpacing market calls for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

Ongoing concerns that Europe and China face building headwinds kept oil prices lower as well.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.12% and trading at USD114.50 a barrel, up USD22.26 from its U.S. counterpart.

[tradergalau]

A great pin bar candle has appeared on Oil (Daily time frame). So, according to that candle, I think Oil may goes up today. Oil may breaks the 92.04 resistance level and continue
going up to the higher resistance level at 93.61 or even higher.
http://i.imgur.com/TJroA.png

[forexking2]

Expected trading range for today is between: Support 89.00 Resistance 95.00
General tendency is expected for today: neutral

[wasimanjum]

ooil ki keemtay kafi arasy sa bht thk chl rae hai shayd dunya ma jo libian clash hai ye uski waja hai. lakin recently oil ke keemat ab neechay a gae hai or us na 95 ko tor dia hai. is na ba tk koi signal ni dia k ye up ho ga shayd yae down ma jay

[ashaab]

http://i45.tinypic.com/2ekqaac.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 89.00 and key resistance at 95.20. Based upon my chart analysis, I prefer to buying the Oil around 90.75 with targets 91.70 then 93.35 and stoploss with four hour candle closing below 90.00.

[VANDA_S]

http://i.imgur.com/531r4.png
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 89.72

[hodhod2000]

The trading range for today is expected among the major support at 89.00 and the major resistance at 95.20.
The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55.78.00, targeting 104.65 and 110.55.

[raihan8212]

Crude oil futures were flat during European morning hours on Tuesday, as concerns about future oil demand prospects continued to weigh on prices.

Futures drew support from rising geopolitical tensions in the Middle East, amid fears over a disruption to supplies from the region.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.05 a barrel during European morning trade, easing down 0.3%.

The December contract was stuck in a tight trading range of USD92.64 a barrel, the daily high and a session low of USD91.97 a barrel.

Investors continued to hope that Spain will formally request a bailout in the coming weeks and activate a bond buying program by the European Central Bank.

The Wall Street Journal and Financial Times each cited an unnamed Spanish official in separate reports Monday as saying Madrid is ready to request a credit line from the ECB.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on Thursday to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

Oil traders looked ahead to Chinese third quarter growth figures due out on Thursday to gauge whether the world second largest economy is heading towards a hard or a soft landing.

Market analysts expect the data to show China's annual growth slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the 2009 global financial crisis.

Official data released Monday showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain and increasing from 2.7% in August. Imports rose 2.4% from a year earlier, in line with expectations.

The Asian nation is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.

But prices remained supported as investors focused on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Tensions between Turkey and Syria have been growing since Syrian shells last week killed five people in a Turkish border village.

Growing tensions between Iran and Israel also remain in focus. There are fears that an escalation of hostilities between Israel and Iran could set off a conflict across the region and send oil prices skyrocketing.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.3% to trade at USD114.03 a barrel, with the spread between the Brent and crude contracts standing at USD21.97 a barrel.

London-traded Brent prices have been well-supported in recent sessions, as a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region have been boosting prices.

[ahmed fakhry]

Futures of oil showed a big intraday down move falling by almost 2.5% after the Empire Manufacturing index rose in October up to -6.16 points from September's -10.41 points, however, recording less increase that it was expected by analysts. The November WTI futures fell in the moment to the lowest level since the beginning of October, $89.79 dollars a barrel at the New York Mercantile Exchange.

[forexking2]

The trading range for today is among the key support at 89.00 and the key resistance at 95.20
The short term trend is to the upside target at 104.65 then 110.55 steady weekly closing above 78.00

[Bieela_cute]

My most recent comment was that “crude’s sharp rally failed just shy of 94.00, which is clearly an important level. The 8/30 and 9/7 lows, and 9/21 high are at 93.93, 94.08, and 93.81. Today’s rally reversed just shy of the zone at 93.63. Once again, crude also failed to close above the 38.2% retracement of the decline from 100.40. Another run on resistance can’t be ruled out of course but the weight of evidence is bearish.” Crude fell but reversed sharply at the 61.8% retracement of the rally from 8766 yesterday. The reaction suggests that bearish now is wrong, that market will return to 9400 and perhaps test the 61.8% retracement of the decline from 10040 at 9553.

LEVELS: 8795 8976 9133 9363 9450 9553

[raihan8212]

Crude oil futures traded flat during U.S. afternoon hours Tuesday, as investors continued to hope that Spain will be bailed out by the European Central Bank lifting risk appetite globally.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.26 a barrel during U.S. afternoon trade, easing lower 0.01%%.

The December contract fell by as much as 0.5% earlier in the session to hit a daily low of USD91.88 a barrel.

Sentiment strengthened after two senior German lawmakers indicated that they would support a Spanish application for a �precautionary credit line� from the European Stability Mechanism, the euro zone�s permanent bailout fund.

On Monday, Spanish government officials said they were exploring the option of requesting a credit line from the ESM, in order to satisfy the terms of the European Central Bank�s bond buying program, but then not using it, instead waiting for borrowing costs to fall.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on Thursday to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

Oil traders were awaiting fresh weekly information on U.S. stockpiles of crude and refined products to gauge the strength of oil demand in the world�s largest oil consumer.

The American Petroleum Institute will release its inventories report later in the day, while Wednesday�s government report could show crude stockpiles rose by 1.4 million barrels last week.

The U.S. is the world�s biggest oil consuming country, responsible for almost 22% of global oil demand.

Market players were also looking forward to Chinese third quarter growth figures due out on Thursday to gauge whether the world second largest economy is heading towards a hard or a soft landing.

Market analysts expect the data to show China's annual growth slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the 2009 global financial crisis.

Official data released Monday showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain and increasing from 2.7% in August. Imports rose 2.4% from a year earlier, in line with expectations.

The Asian nation is the world's second largest oil consumer after the U.S. and has been the engine of strengthening demand.

But prices remained supported after the European Union tightened sanctions on Iran�s energy exports, following an oil embargo earlier this year.

Market participants also continued to focus on escalating tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Tensions between Turkey and Syria have been growing since Syrian shells last week killed five people in a Turkish border village.

Countries in the Middle East and North Africa were responsible for 36% of global oil production and held 52% of proved reserves in 2011.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery fell 0.45% to trade at USD113.91 a barrel, with the spread between the Brent and crude contracts standing at USD21.80 a barrel.

London-traded Brent prices have been well-supported in recent sessions, as a combination of lingering concerns over a disruption to supplies from the Middle East and worries over declining production in the North Sea-region have been boosting prices.

---------- Post added at 07:53 AM ---------- Previous post was at 07:51 AM ----------

Crude oil futures rose in Asian trading on Wednesday on rekindling hopes that Spain will request a bailout, which would alleviate the European debt crisis and possibly usher in a period of more growth and increased demand for fuels and energy.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.86 a barrel on Wednesday, up 0.35%, off from a session high of USD92.92 and up from an earlier session low of USD92.81.

Optimism for a Spanish bailout sparked demand for crude, a growth-sensitive commodity.

Reports that two senior German lawmakers indicated that they would support a Spanish application for a ‘precautionary credit line’ from the European Stability Mechanism, the eurozone's permanent bailout fund, sent the oil gaining amid a risk-on session.

Spain has yet to request a bailout from its neighbors, which has weakened commodities in recent sessions, though the government is reportedly mulling requesting a credit line from the ESM, which would allow the European Central Bank to buy Spanish sovereign debt and lower borrowing costs.

A bailout would be seen as a step toward growth for the eurozone, which would be bullish for oil.

Elsewhere, Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3, which sparked more demand for risk as well as did inflation data out of the U.S.

The U.S. Labor Department reported earlier that its month-on-month consumer price index rose by 0.6% in September, above expectations for a 0.5% gain basically due to higher gasoline prices.

Consumer prices rose at an annualized rate of 2.0% last month, compared to expectations for a 1.9% increase and up from 1.7% in August.

Core inflation rates, stripped of volatile food and energy prices, revealed the prices remain stable in the U.S.

Core inflation rates rose 2.0% on year, in line with expectations and up from 1.9% in August.

Month-on-month core inflation rates dropped 0.1% in September.

Production snags in North Sea oilfields coupled with expectations that U.S. stockpiles are rising continued to keep a wide gap between U.S. and European blends of crude.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.11% and trading at USD113.92 a barrel, up USD21.06 from its U.S. counterpart.

---------- Post added at 08:00 AM ---------- Previous post was at 07:53 AM ----------

Crude oil futures rose in Asian trading on Wednesday on rekindling hopes that Spain will request a bailout, which would alleviate the European debt crisis and possibly usher in a period of more growth and increased demand for fuels and energy.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.86 a barrel on Wednesday, up 0.35%, off from a session high of USD92.92 and up from an earlier session low of USD92.81.

Optimism for a Spanish bailout sparked demand for crude, a growth-sensitive commodity.

Reports that two senior German lawmakers indicated that they would support a Spanish application for a �precautionary credit line� from the European Stability Mechanism, the eurozone's permanent bailout fund, sent the oil gaining amid a risk-on session.

Spain has yet to request a bailout from its neighbors, which has weakened commodities in recent sessions, though the government is reportedly mulling requesting a credit line from the ESM, which would allow the European Central Bank to buy Spanish sovereign debt and lower borrowing costs.

A bailout would be seen as a step toward growth for the eurozone, which would be bullish for oil.

Elsewhere, Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3, which sparked more demand for risk as well as did inflation data out of the U.S.

The U.S. Labor Department reported earlier that its month-on-month consumer price index rose by 0.6% in September, above expectations for a 0.5% gain basically due to higher gasoline prices.

Consumer prices rose at an annualized rate of 2.0% last month, compared to expectations for a 1.9% increase and up from 1.7% in August.

Core inflation rates, stripped of volatile food and energy prices, revealed the prices remain stable in the U.S.

Core inflation rates rose 2.0% on year, in line with expectations and up from 1.9% in August.

Month-on-month core inflation rates dropped 0.1% in September.

Production snags in North Sea oilfields coupled with expectations that U.S. stockpiles are rising continued to keep a wide gap between U.S. and European blends of crude.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.11% and trading at USD113.92 a barrel, up USD21.06 from its U.S. counterpart.

[ashaab]

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The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 90.00 and key resistance at 95.20. Based upon my chart analysis, I prefer to buying the Oil around 91.75 with target 93.35 then 95.20 and stoploss with four hour candle closing below 90.70.