Oil

[alskndry]

Oil has broken the resistance level at 92.04. Although the momentum is weak, I think Oil has a potential to reach the resistance level at 93.61 or higher. But this bullish scenario can fail if Oil can break the yesterday's low at 91.25

[forexking2]

the price of oil still between levels 92.75 and 91.45, and narrow-band controls the trading intraday, while we are waiting to confirm our price destination coming through exceeded a level referred to it, as the penetration level of 92.75 would negate probability of forming a model head and shoulders can be seen through thethe picture above, while breaking the 91.45 will be open neckline orientation assumed for this model at 88.00

[saqib160]

ma na 2 dafa oil ma trade kar li ha dono bar loos ma gaya ho. kuch mehno sa oil ka rate barh
raha ha abi tak neche rate nahi gaya. americ ma oil ka kafi burhan ha is kayal sa to
oil ka rate barye gaya.

[ahmeddd22]

Oil ka 101 ke paas 1 bahut strong resistance lag raha hai...Oil going on 98, i hope it will increase and gonna reversal for 100.Last 2 din ki candel ke hisab se lagta hai ki oil ka trend thdoa down side chal raha hai

[raihan8212]

Crude oil futures edged higher during European morning hours on Wednesday, as appetite for riskier assets improved after Moody's affirmed Spain's sovereign rating at investment ****e, easing fears of an imminent down****e to junk status.

Gains were limited as concerns about future oil demand prospects continued to weigh.

Oil traders were focusing on closely-watched weekly supply data on U.S. stockpiles of crude and refined products from the U.S. Energy Information Administration later in the day.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.61 a barrel during European morning trade, easing up 0.15%.

The December contract was stuck in a tight trading range of USD92.46 a barrel, the daily low and a session high of USD92.98 a barrel, which was the strongest level since October 12.

Moody�s confirmed Spain�s credit rating at Baaa3 with a negative outlook, just one notch above junk status and expressed confidence that reforms enacted by the Spanish government and support from the euro zone would ensure that Madrid had continued access to the credit market.

The yield on Spanish 10-year bonds fell to 5.53% following the announcement, the lowest level since April.

Speculation that the debt-strapped nation was moving closer to requesting a bailout further supported sentiment.

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 weekly data from the U.S. government on oil supplies later in the day to gauge the strength of demand from the world�s largest oil consumer.

The report was expected to show that U.S. crude oil stockpiles increased by 1.6 million barrels last week, while gasoline inventories were forecast to rise by a modest 0.5 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 3.7 million barrels last week, while gasoline stocks declined 1.18 million barrels.

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

Market players also 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.

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

Concerns over declining global oil demand have intensified in recent sessions after the International Energy Agency last week cut its demand growth forecast for next year, citing lower consumption in Europe, the Americas and China.

Market players 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 eased down 0.2% to trade at USD113.76 a barrel, with the spread between the Brent and crude contracts standing at USD21.15 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.

[erumozor]

the oil in the news is very i am using fundamental to trade so to me i will advice all to be in a good buy position but you must always check the nearest resistance and set your profit on that level just be watchful

[raihan8212]

U.S. crude oil inventories rose more-than-expected last month, official data showed on Wednesday.

In a report, Energy Information Administration said that U.S. Crude Oil Inventories rose to a seasonally adjusted annual rate of 2.860M, from 1.672M in the preceding month.

Analysts had expected U.S. Crude Oil Inventories to rise 1.675M last month.

Crude oil futures fell to the lowest level of the session during U.S. morning hours on Wednesday, turning lower after a U.S. government report showed oil supplies rose more-than-expected last week.

Oil prices remained supported as appetite for riskier assets improved following the release of stronger-than-expected U.S. housing data and after Moody's affirmed Spain's sovereign rating at investment ****e.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.39 a barrel during U.S. morning trade, easing down 0.15%.

The December contract rose by as much as 0.8% earlier in the day to hit a session high of USD93.26 a barrel.

Prices traded at USD92.99 a barrel prior to the release of the EIA data.

The U.S. EIA said in its weekly report that U.S. crude oil inventories increased by 2.9 million barrels in the week ended October 12, compared to expectations for a 1.7 million barrel increase.

Total U.S. crude oil inventories stood at 369.2 million barrels as of last week.

Total motor gasoline inventories increased by 1.7 million barrels, compared to expectations for a gain of 0.48 million barrels.

New York-traded crude prices were higher earlier in the session after the Commerce Department said U.S. housing starts rose by 15% last month to a seasonally adjusted annual rate of 872,000 units, the fastest rate since July 2008 and easily outstripping expectations for a 2.7% increase.

Housing starts for August were revised up to 758,000 million units from a previously reported 750,000 million units.

Building permits grew by 11.6% to a 894,000-unit pace in September, while August's permits were unrevised at 801,000 units.

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

Oil prices were also underpinned after rating agency Moody's affirmed its Baa3 investment ****e sovereign rating on Spain late Tuesday, easing fears of an imminent down****e to junk status.

In a report, Moody�s expressed confidence that reforms enacted by the Spanish government and support from the euro zone would ensure that Madrid had continued access to the credit market.

The yield on Spanish 10-year bonds fell to 5.49% following the announcement, the lowest level since April.

Speculation that the debt-strapped nation was moving closer to requesting a bailout further supported sentiment, after Spanish government officials said earlier in the week they were exploring the option of requesting a credit line from the European Stability Mechanism, in order to satisfy the terms of the European Central Bank�s bond buying program.

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.

Market players also 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.

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

Concerns over declining global oil demand have intensified in recent sessions after the International Energy Agency last week cut its demand growth forecast for next year, citing lower consumption in Europe, the Americas and China.

Market players 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 shed 0.65% to trade at USD113.28 a barrel, with the spread between the Brent and crude contracts standing at USD20.89 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.

[Bieela_cute]

The 10/15 low is viewed as the latest pivot so respect potential for a return to 9400 and perhaps the 61.8% retracement of the decline from 10040 at 9553. However, new longs at the top of the range (current level) aren�t wise given current range conditions. I don�t see a trade here.

LEVELS: 8795 8976 9133 9363 9450 9553

[raihan8212]

Crude oil futures fell in Asian trading on Thursday after the U.S. government revealed the stockpiles are on the rise.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD92.42 a barrel on Thursday, down 0.18%, off from a session high of USD93.26 and up from an earlier session low of USD92.00.

The U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories jumped by 2.86 million barrels in the week ended October 12, well above expectations for an increase of 1.68 million barrels.

Total U.S. crude oil inventories stood at 369.2 million barrels as of last week.

Total motor gasoline inventories gained by 1.72 million barrels, outpacing expectations for a gain of 480,000 barrels

The news served as crude's chief steering current, as investors shrugged off gains in the housing sector.

The U.S. Census Bureau reported earlier that housing starts rose 15% in September to a seasonally adjusted 872,000 units, far surpassing market calls for a 2.7% increase to 770,000.

The U.S. government added that the number of building permits issued in September rose 11.6% to a seasonally adjusted 894,000, beating out expectations for a 1.1% gain to 810,000.

Talk that Spain may be moving closer to requesting a bailout boosted prices of Brent crude.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.04% and trading at USD113.14 a barrel, up USD21.72 from its U.S. counterpart.

[ashaab]

http://i48.tinypic.com/30mbk76.gif

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

[forexking2]

The price of oil remains stuck between the central levels clearly shown during yesterday's candle , where the wait exceeded one of the parties to the scope of yesterday's trading to confirm the path of the next intraday price

[secret alibi]

http://i.imgur.com/e8qFh.png
On the daily charts, the flat-stochastic and RSI indicators confirm the period of consolidation of the oil that is being experienced now.
It was also demonstrated by the lack of price movement between the moving averages 50 and 100 in recent days.
However, the candle stick "pin" that is trying to set up signaled a potential fall. Short positions are suitable for short-term stop-loss and target 93.00 90.00 downfall.
Required daily close below 89.70 to be able to open a further reduction target 87.70.
92.80 and 93.60 (highs 17 and October 10) is resistant. 91.00 and 90.60 (the lowest price October 10 and 25 September) is support.

Resistance levels: 92.80, 93.60, 94.00
Support Level: 91.00, 90.60, 89.80
Trend: Sideways

[ahmed fakhry]

The Crude oil futures pulled back to previous day lows after the supply of crude oil rose in the U.S. to the highest level for this time of year. The Department of Energy reported that crude oil in the U.S. inventories rose by 2.86 million barrels to 369.23 million barrels. The WTI, the Light Sweet Crude Oil fell sharply to 91.55 dollars a barrel from touched today’s $92.85 levels.

[raihan8212]

Crude oil futures were little changed during European morning hours on Thursday, as investors digested data showing China�s economy grew at the weakest rate since the first quarter of 2009, while awaiting the start of a two-day summit of European leaders later in the day.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.59 a barrel during European morning trade, unchanged on the day.

The December contract was stuck in a tight trading range of USD92.33 a barrel, the daily low and a session high of USD92.69 a barrel.

Official data released earlier showed that China's economy grew 7.4% in the third quarter compared to a year earlier, slowing from 7.6% in the previous three months.

It was the weakest GDP reading since the first quarter of 2009 and the seventh straight quarter of slower growth.

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

Markets now looked ahead to the start of a two-day European Union summit on Thursday, although no major announcements on Spain or Greece were expected.

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.

The yield on Spanish 10-year government bonds was at a multi-month low of 5.44%.

Oil prices ended flat on Wednesday, as stronger-than-expected U.S. housing data was countered by a larger-than-expected buildup in U.S. crude stocks last week.

Official data showed that U.S. housing starts rose by 15% in September, the fastest pace since July 2008, adding to hopes that the U.S. economic recovery is gaining momentum.

Meanwhile, weekly data from the U.S. Energy Department showed that crude oil supplies rose by 2.9 million barrels last week, above expectations for a 1.7 million barrel increase.

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

Market players 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 eased up 0.2% to trade at USD113.46 a barrel, with the spread between the Brent and crude contracts standing at USD20.87 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.

Despite recent gains, Wall Street investment firm Goldman Sachs cut its oil price forecast for 2013 to USD110 a barrel, compared to a previous estimate of USD130 a barrel.

[shanmun]

Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance). ........

[forexking2]

Oil price movement continues sandwiched between sensitive levels mentioned in our last report, while we are still waiting for confirmation of the destination instantaneous and short-term following by bypassing one of these levels.

[Pioner3]

Oil does not overcome the resistance of 92.58 it has once again received good sales, but the bottom is visible sloping support line that formed a converging triangle to determine the future trend forward break one of the boundaries of the figure.

[raihan8212]

Crude oil futures suffered from selling pressure during U.S. afternoon hours Thursday, as investors analyzed first time jobless claims in the U.S, while manufacturing activity in the Philadelphia-region expanded for the first time in six months.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.35 a barrel during U.S. afternoon trade giving back 0.24%.

The December contract fell by as much as 1.6% earlier in the session to trade at a daily low of USD91.13 a barrel, the weakest level since October 15.

In a report, the Federal Reserve Bank of Philadelphia said that its manufacturing index improved by 7.6 points to 5.7 in October from September�s reading of minus 1.9.

Analysts had expected the index to improve by 2.9 points to a reading of 1.0 in October.

The report came after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase of 23,000 to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

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

Markets now looked ahead to the start of a two-day European Union summit later in the day, although no major announcements on Spain or Greece were expected.

Spain saw the yield on 10-year government bonds fall to the lowest level since April at an auction of government debt earlier in the session, as investors bought the country�s debt in the expectations that Madrid is moving closer to a bailout.

Traders 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.

Prices swung between modest gains and losses during the Asian trading session, as investors digested data showing China�s economy grew at the weakest rate since the first quarter of 2009.

Official data released earlier showed that China's economy grew 7.4% in the third quarter compared to a year earlier, slowing from 7.6% in the previous three months.

It was the weakest GDP reading since the first quarter of 2009 and the seventh straight quarter of slower growth.

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

Market players 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 dropped 1.3% to trade at USD111.75 a barrel, with the spread between the Brent and crude contracts standing at USD20.45 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.

Despite recent gains, Wall Street investment firm Goldman Sachs cut its oil price forecast for 2013 to USD110 a barrel, compared to a previous estimate of USD130 a barrel.

---------- Post added at 10:23 AM ---------- Previous post was at 10:16 AM ----------

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

On the New York Mercantile Exchange, Crude oil futures for December delivery traded at USD92.43 a barrel at time of writing falling 0.11%.

It earlier traded at a session low USD92.41 a barrel. Crude oil was likely to find support at USD90.28 and resistance at USD93.26.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.00% to trade at USD79.41.

Elsewhere on the ICE, Brent oil for December delivery fell 0.02% to trade at USD112.42 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD19.99 a barrel.

[ashaab]

http://i45.tinypic.com/2nkji29.gif

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

[shepon93]

Oil should be marking out the first leg of a larger rectification. Should lighten over 94(94.15) below 94.15 for 92.50 again before 96.00. I have selling position in 94.25 and will close after 100 pips profit.

[alskndry]

Oil had been rejected strongly by the support level at 90.76. Then, that rejection also formed a bullish candle yesterday. So, I think Oil may goes up today and try to reach the resistance level at 93.61 or higher. But this set up will fail if Oil can break the yesterday's low

[Bieela_cute]

Crude Oil - Crude Oil Falls to $90.65

Crude Oil dropped to $90.65 a barrel in early Thursday afternoon trading, pressured by signs of a healthier supply outlook and a rise in U.S. jobless claims, offsetting Chinese data signaling stabilization in the economy of the world's second-largest oil consumer. Then after a few hours of trading, crude oil had recouped its losses.

As for today, traders are advised to watch carefully after the leading stock markets and the major economic indicators which will be published from the U.S. and Euro-Zone, such as U.S. Existing Home Sales and EU Current Account data, in order to predict next movements in oil prices.

[ahmed fakhry]

The Oil prices suffered 1.7 % fall after the weak data on the U.S. labor market has been published. However, they were able to recover on the results of the report of index of the Philadelphia Fed business activity, which stands as leading indicators for business activity. The index in October was 5.7 points, beating the average forecast of analysts of 1.0 points and the September’s value of -1.9.The November futures price of WTI sort of oil closed at 91.96 dollars per barrel on the NYMEX today.

[David7]

Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.

[David7]

\\\\Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.\\\\\

[David7]

||||||||Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.|||||||

[David7]

/////Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.////

[David7]

`````Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.`````

[David7]

~~~~Uncertainty of oil a bit fed up, the price does not let the south, but also higher than the 93.00 price can not leave, but the bulls are increasingly running out, most likely have to wait until the breakdown of the northern level 93.00 (and then you can buy), and I think he will begin after the end of the current growing trend of the dollar index.~~~~

[raihan8212]

Crude oil futures edged lower on Friday, as Thursday's mixed U.S. economic reports weighed on investor confidence, although a supply disruption in the Midwest supported prices.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.44 a barrel during European morning trade, slipping 0.08%.

On Thursday, the Federal Reserve Bank of Philadelphia said that its manufacturing index improved by 7.6 points to 5.7 in October from September�s reading of minus 1.9.

Analysts had expected the index to improve by 2.9 points to a reading of 1.0 in October.

The report came after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase of 23,000 to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

But oil prices remained supported after TransCanada shut the Keystone pipeline for repairs, saying it found a "small anomaly" in a section running from Missouri to Illinois.

In addition, government data this week showed improving U.S. crude demand is being met by increased supplies.

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

Separately, investors were looking ahead to a second day of talks at a European Union summit, although no major announcements on Spain or Greece were expected.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased 0.02% to trade at USD112.43 a barrel, with the spread between the Brent and crude contracts standing at USD19.99 a barrel.

---------- Post added at 07:39 PM ---------- Previous post was at 07:28 PM ----------

Crude oil futures turned higher Friday, as Thursday's conflicting U.S. economic reports and a supply disruption in the Midwest pressured the commodity complex.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD92.53 a barrel during European trade, adding 0.03%.

Starting the conflicting data on Thursday, the Federal Reserve Bank of Philadelphia said that its manufacturing index improved by 7.6 points to 5.7 in October from September�s reading of minus 1.9.

Analysts had expected the index to improve by 2.9 points to a reading of 1.0 in October.

The report came after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase of 23,000 to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

However, oil prices remained supported after TransCanada shut the Keystone pipeline for repairs, saying it found a "small anomaly" in a section running from Missouri to Illinois.

In addition, government data this week showed improving U.S. crude demand is being met by increased supplies.

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

Separately, investors were looking ahead to a second day of talks at a European Union summit, although no major announcements on Spain or Greece were expected.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased 0.02% to trade at USD112.43 a barrel, with the spread between the Brent and crude contracts standing at USD19.99 a barrel.

---------- Post added 10-20-2012 at 12:26 AM ---------- Previous post was 10-19-2012 at 07:39 PM ----------

Crude oil futures dropped in U.S. trading on Friday after industry data revealed existing homes sales declined in the U.S. last month.

Weak corporate earnings pushed oil prices down also, fueling concerns that a sluggish U.S. economy will need less fuels and energy to operate.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD90.83 a barrel on Friday, down 1.84%, off from a session high of USD93.49 and up from an earlier session low of USD90.39.

U.S. existing home sales in September fell in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month, though crude fell anyway on sentiments the U.S. economy faces strong headwinds.

Earnings fueled the risk-off trading session even more.

Microsoft reported late Thursday that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Thursday's U.S. employment data dampened appetite for risk as well.

The U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

Meanwhile in Europe, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pressured oil down further.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

Investors shrugged off production snags involving the Keystone pipeline and in the North Sea.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 1.43% and trading at USD110.81 a barrel, up USD19.98 from its U.S. counterpart.

[Bieela_cute]

OIL next week

Technical Analysis

Pivot: 90.70

Our Preference: LONG positions above 90.7 with 92.85 & 93.3 in sight.

Alternative scenario: The downside penetration of 90.7 will call for a slide towards 90.3 & 89.8.

Comment: the RSI is mixed with a bullish bias.

Trend: ST Bullish; MT Range

Key levels Comment

93.7** Intraday resistance
93.3** Intraday resistance
92.85** Intraday resistance
92.12 Last
90.7** Intraday pivot point
90.3** Intraday support
89.8** Intraday support

[Bieela_cute]

Crude oil futures sank to a two-week low on Friday, as mounting fears over the health of the global economy and a broadly stronger U.S. dollar dampened the appeal of the commodity.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December tumbled 2.2% Friday to settle at USD90.51 a barrel by close of trade.

Earlier in the session, prices touched a daily low of USD90.25 a barrel, the cheapest since October 9. On the week, oil futures declined 1.7%.

Market sentiment deteriorated after the European Union's closely-watched two-day summit ended Friday without major news to renew investor confidence in the region’s handling of its ongoing debt crisis.

In addition, Spain's prime minister signaled that Madrid was not ready to ask for a bailout, dampening market optimism the debt-strapped nation was moving closer to requesting 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.

Also Friday, a report from the National Association of Realtors showed that sales of previously owned homes fell 1.7% in September to a seasonally-adjusted annual rate of 4.75 million.

The data came as weaker-than-expected third quarter earnings results from General Electric, Microsoft and McDonald’s sapped investor demand for riskier assets, such as stocks and commodities.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, rose 0.4% Friday to settle the week at 79.72, the highest since October 16.

Oil prices typically weaken when the U.S. currency strengthens as the dollar-priced commodity becomes more expensive for holders of other currencies.

Oil futures were also hurt by increasing concerns over the outlook for global economic growth and its impact on future oil demand prospects.

Official data released earlier in the week showed that China’s third-quarter gross domestic product grew at an annualized rate of 7.4%, the weakest pace since the first quarter of 2009 and the seventh straight quarter of slower growth.

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

Meanwhile, weekly data from the U.S. Energy Department showed that crude oil supplies rose by 2.9 million barrels last week to 369.2 million barrels, the highest level for this time of year since 1982.

The American Petroleum Institute said Friday that U.S. oil demand in September fell 3.8% from a year earlier, to 18.2 million barrels a day, the second-lowest demand for the month since 1996.

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

But prices found mild support after TransCanada shut its Keystone pipeline for repairs for three days on Thursday, saying it found a "small anomaly" in a section running from Missouri to Illinois.

The pipeline moves approximately 590,000-barrels-a-day from Canada to Cushing, Oklahoma, the delivery point for New York futures.

Market players 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.

In the week ahead, investors will be focusing on U.S. data on third quarter economic growth, as well as the outcome of the Federal Reserve’s first policy meeting since the central bank announced a third round of quantitative easing in September.

In the euro zone, market participants will be closely watching Wednesday’s German business sentiment data, as well as preliminary data on manufacturing and service sector growth.

Elsewhere, on the ICE Futures Exchange in London, Brent oil futures for December delivery dropped 2% Friday to settle at USD110.14 a barrel, the lowest since October 4.

The London-traded Brent contract lost 3% over the week, with the spread between the Brent and the crude contracts narrowing to USD19.63 a barrel.

London-traded Brent prices came under heavy selling pressure amid expectations production in the U.K.’s Buzzard oil field, the largest in the North Sea region, will resume operation over the weekend.

The oil field underwent maintenance in September and decreased the oil supply from the North Sea, providing support to Brent prices.

On Thursday, Wall Street investment bank Goldman Sachs cut its 2013 Brent oil price forecast to USD110 per barrel, compared to a previous estimate of USD130 per barrel.

[tradergalau]

The Oil prices suffered 1.7 % fall after the weak data on the U.S. labor market has been published. However, they were able to recover on the results of the report of index of the Philadelphia Fed business activity, which stands as leading indicators for business activity. The index in October was 5.7 points, beating the average forecast of analysts of 1.0 points and the September�s value of -1.9.The November futures price of WTI sort of oil closed at 91.96 dollars per barrel on the NYMEX today.

[raihan8212]

Crude oil futures extended Friday's losses into Monday as investors avoided the commodity after industry data revealed existing homes sales declined in the U.S. last month.

Weak corporate earnings pushed oil prices down also, further stoking market worries that a lackluster U.S. economy will need less fuels and energy to operate.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD89.91 a barrel on Monday, down 0.59%, off from a session high of USD89.93 and up from an earlier session low of USD89.89.

U.S. existing home sales in September fell in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month, though crude fell anyway on sentiments the U.S. economy faces strong headwinds.

Earnings fueled the risk-off trading session even more.

Microsoft reported last week that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Fast-food giant McDonald's quarterly earnings fell 3.3% to USD1.46 billion, while revenue was basically flat at USD7.2 billion

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.55% and trading at USD109.53 a barrel, up USD19.62 from its U.S. counterpart.

[forexking2]

oil price rebounded trading down strongly after being found strong price ceiling near 93.00 and with the end of the contracts for the month of November, to continue trading sideways confined between the levels of the core, which now exist between support 88.15 and resistance 93.70

[alskndry]

If we look on the daily time frame, the previous candle of Oil is an outside bearish candle. That candle show the sellers are dominating in the market now. Although Oil is going up today, I think it just some correction movement. In my view, Oil may falls to the 89.28 support level or even lower to the 87.43 support level.

[ashaab]

http://i48.tinypic.com/29kqqnc.gif

The short term trend of the Oil is to the upside. Intraweek trading range of the Oil is expected among key support at 88.00 and key resistance at 96.00. Based upon my chart analysis, I prefer to stay aside from the Oil until we get a confirm setup for the upcoming big move.

[forexking2]

Expected trading range for this week between: Support 87.00 Resistance 95.00
General tendency is Expected for this week: Side

[mhwaheed]

Oil not for all. Oil is too risky for Trading. I think when you have above 20k$ then you will trade with Oil. otherwise just watch

[yudijoni]

Financeroll- Oil prices rebounded from their lowest closing level in almost two weeks in New York on speculation that weaker oil prices previously overestimated. TransCanada plans to operate back Keystone pipeline today.

Oil futures contract rose 0.6% after hitting technical support. TransCanada had planned to continue the operation of the pipe line October 20.

Oil futures contract for November delivery rose 50 cents to $ 90.55 a barrel on the New York Mercantile Exchange. Previous prices touched a low of $ 90.05 on Oct. 19. This contract expires today. Delivery contracts are more actively traded up 44 cents to $ 90.88 a barrel.

December Brent contract rose 69 cents, or 0.6%, to $ 110.83 in London. European premium contracts versus $ 19.99 on contract West Texas.

[David7]

Oil as not tried but still not able to overcome the resistance of 92.83, from him today, there was a significant decline that continues to this point, I think the main purpose of the bears will be the medium level of support 87.91 (it can be seen shopping).

[VANDA_S]

http://i.imgur.com/ium2X.png
In M30 chart, price is below the 12 EMA and 72 EMA indicates the trend is still nturun
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 88.49

[raihan8212]

Crude oil futures turned lower in choppy trade during U.S. morning hours on Monday, re-approaching a two-week low as ongoing fears over the health of the global economy continued to weigh on the appeal of growth-linked assets.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD90.29 a barrel during U.S. morning trade, easing down 0.2%.

Prices traded in between a range of USD91.27 a barrel, the daily high and a session low of USD89.89 a barrel, which was the cheapest since October 9.

Concerns over the global economic outlook intensified after global economic bellwether Caterpillar reported weaker-than-expected third quarter earnings results and cut its full-year outlook.

The update reflects �global economic conditions that are weaker than we had previously expected,� the company said.

Prices came under additional pressure after TransCanada planned to restart its Keystone pipeline Monday, a day later than expected. The pipeline was shut for repairs last Wednesday after a "small anomaly" was found in a section running from Missouri to Illinois.

The Keystone pipeline moves approximately 590,000-barrels-a-day from Canada to Cushing, Oklahoma, the delivery point for New York futures.

Prices fell more than 2% last Friday after The European Union's closely-watched two-day summit ended without major news to renew investor confidence in the region�s handling of its ongoing debt crisis.

Oil prices were higher earlier in the session after the center-right Popular Party of Prime Minister Mariano Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting financial aid from Spain�s euro zone partners.

Rajoy said last Friday he still had not decided whether to request a sovereign bailout, dampening hopes the debt-strapped nation was moving closer to requesting a full-scale 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.

Some bargain buying also helped lift oil futures off the lows, after prices moved into oversold territory. Technical traders said prices had fallen too far, too fast and were due for a technical bounce.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and its impact on future oil demand prospects dampened the appeal of the commodity.

Official data released last week showed that China�s third-quarter gross domestic product grew at an annualized rate of 7.4%, the weakest pace since the first quarter of 2009 and the seventh straight quarter of slower growth.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

Investors are also turning their attention to the Federal Reserve's policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

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

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

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 rose 0.2% to trade at USD110.36 a barrel, with the spread between the Brent and crude contracts standing at USD20.07 a barrel.

London-traded Brent prices continued to draw support from delays in the restart of production in the U.K.�s Buzzard oil field, the largest in the North Sea region.

Output was expected to resume operation over the weekend after the oil field underwent maintenance in September, decreasing the oil supply from the North Sea and providing support to Brent prices.

[Vamos]

Still quite a long time the oil is in the wide channel, today's price a bit livelier and fell almost to the southern boundary of the corridor, while hard to tell if a breakdown down ... but if you happen to mark 84 dollars. may again become a reality ....:)

[Bieela_cute]

The 10/15 low is viewed as the latest pivot so respect potential for a return to 9400 and perhaps the 61.8% retracement of the decline from 10040 at 9553. However, new longs at the top of the range (current level) aren’t wise given current range conditions. I don’t see a trade here.” The 10/15 gave way today and crude is at the bottom of the range (for October). Those bent on trading crude can use Monday’s high as a level to hold a bearish bias against for a break to lower levels but crude’s false break tendencies make me gun shy.

LEVELS: 8550 8684 8795 8983 9064 9125

[raihan8212]

Crude oil futures moved lower during U.S. afternoon hours Monday, as never ending global economic health worries continued to weigh on the appeal of growth-linked assets.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD88.67 a barrel during U.S. afternoon trade, dropping 1.96%.

Concerns over the global economic outlook intensified after global economic bellwether Caterpillar reported weaker-than-expected third quarter earnings results and cut its full-year outlook.

The update reflects �global economic conditions that are weaker than we had previously expected,� the company said.

Prices came under additional pressure after TransCanada planned to restart its Keystone pipeline Monday, a day later than expected. The pipeline was shut for repairs last Wednesday after a "small anomaly" was found in a section running from Missouri to Illinois.

The Keystone pipeline moves approximately 590,000-barrels-a-day from Canada to Cushing, Oklahoma, the delivery point for New York futures.

Prices fell more than 2% last Friday after The European Union's closely-watched two-day summit ended without major news to renew investor confidence in the region�s handling of its ongoing debt crisis.

Oil prices were higher earlier in the session after the center-right Popular Party of Prime Minister Mariano Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting financial aid from Spain�s euro zone partners.

Rajoy said last Friday he still had not decided whether to request a sovereign bailout, dampening hopes the debt-strapped nation was moving closer to requesting a full-scale 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.

Some bargain buying also helped lift oil futures off the lows, after prices moved into oversold territory. Technical traders said prices had fallen too far, too fast and were due for a technical bounce.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and its impact on future oil demand prospects dampened the appeal of the commodity.

Official data released last week showed that China�s third-quarter gross domestic product grew at an annualized rate of 7.4%, the weakest pace since the first quarter of 2009 and the seventh straight quarter of slower growth.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

Investors are also turning their attention to the Federal Reserve's policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

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

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

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 rose 0.2% to trade at USD110.36 a barrel, with the spread between the Brent and crude contracts sta

---------- Post added at 11:02 AM ---------- Previous post was at 10:46 AM ----------

Crude oil futures rose in Asian trading on Tuesday after investors felt disappointing quarterly earnings reports had pushed the commodity down far enough.

Brewing hopes for a Spanish bailout brought in bargain hunters as well.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD89.11 a barrel on Tuesday, up 0.52%, off from a session high of USD89.23 and up from an earlier session low of USD89.09.

Third-quarter earnings season is underway, and several disappointments have sparked selling, stoking fears that a sluggish global economy will need less fuels and energy to operate.

Google, Microsoft, General Electric and McDonald's disappointed some investors last week, while this week, earth mover Caterpillar met expectations but cut its earnings forecast for the second time this year, which sent investors selling oil on fears the global economy continues to battle headwinds.

Caterpillar's third-quarter net income hit USD1.7 billion, compared with USD1.14 billion, a year earlier.

Third-quarter revenues rose 5% on year to USD16.5 billion, slightly less than expectations.

Hopes that Spain will seek a bailout grew Tuesday and brought oil prices up with them.

Spanish Prime Minister Mariano Rajoy's center-right Popular Party increased its majority presence in the prime minister's home region of Galicia, which investors saw as a sign of support for economic policies needed to request a bailout.

Last week, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed oil down and fueled a wait-and-see mode among many investors.

With voters apparently supportive of Rajoy's austerity policies, investors went long on growth-sensitive assets such as oil on sentiments the government may be ready to finally ask for a financial lifeline.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.11% and trading at USD109.69 a barrel, up USD20.58 from its U.S. counterpart.

[ashaab]

http://i47.tinypic.com/dfhxqp.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 87.00 and key resistance at 91.10. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[forexking2]

Expected trading range for today is between: Support 87.00 Resistance 92.00
General tendency is expected for the day:up

[ahmed fakhry]

Prices traded during the day were influenced by news coming from the representative of TransCanada company Mr.James Millar who was telling that the pipeline will resume sending oil to the U.S. probably today after a two-day of delay. The cost of December futures of WTI fell to $88.57 dollars per barrel on the NYMEX today.

[VANDA_S]

http://i.imgur.com/6Kjo2.png

On the Daily chart, the price is below the 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: 78.10

[turabawan8]

DIARY - MidEast/African holidays to December 2012

REUTERS DIARY OF MIDDLE EAST/AFRICAN HOLIDAYS
Double-click in brackets for Americas holidays
, Asian holidays and European
holidays

Alternatively click on to retrieve dates by
country.

Please note the diaries mentioned above can be accessed
only from Thomson Reuters products.

** Details below represent the latest information
available and will be supplemented later, particularly with
updated entries for Muslim holidays.

[David7]

Oil in spite of everything continues to fall, the price could not even stop the medium level of 87.86 which was broken almost non-stop, is now technically do not have to further reduce any obstacles, the price can easily go to the 80.00 figure.

[turabawan8]

PRECIOUS-Gold rebounds from 1-month low; jewellers set to buy

* Gold off 1-month low, but tone cautious
* Hedge funds cut bullish bets on U.S. commodities
* Investors waiting for this week's FOMC meeting

(Updates prices, adds CFTC graphic)
By Lewa Pardomuan
SINGAPORE, Oct 22 (Reuters) - Gold slipped to its weakest in
a month on Monday before recovering slightly as prices became
more attractive, but speculators unwinding long positions and
worries about the health of the global economy could curb gains.
Falling equities could force speculators to cash in gold to
cover losses and to turn to the safety of the dollar, although
the metal could find support at around $1,700, a level which may
spark more buying from jewellery makers ahead of the year-end
festive season.

[amni570]

For this week the pivot points (weekly and monthly) for EUR/USD are: 1.2891 weekly; 1.2843 monthly.
The euro is located above the weekly pivot point and above the Moving Average of 200 periods.
Accordingly, the pivot points signify the following.
The euro is trading above the weekly pivot close to this level and is likely to...

[forexking2]

The trading range for today is among the key support at 87.00 and the key resistance at 91.10
The short term trend is to the upside target at 104.65 then 110.55 steady weekly closing above 78.00

[raihan8212]

Crude oil futures were down during European morning hours on Tuesday, trading close to a three-week low as lingering fears over the health of the global economy continued to weigh on the appeal of growth-linked assets.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD88.38 a barrel during European morning trade, shedding 0.3%.

New York-traded oil prices fell by as much as 0.5% earlier in the session to hit a daily low of USD88.22 a barrel, the cheapest since October 4.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Market sentiment remained on the back foot after ratings agency Moody�s cut the credit ratings of Catalonia and four other Spanish regions late Monday, citing their worsening liquidity positions and predicting that these regions are likely to ask the central government for aid in 2013.

The down****e comes on the heels of regional elections in Spain. Prime Minister Mariano Rajoy�s center-right Popular Party increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting financial aid from Spain�s euro zone partners.

Rajoy said last week he still had not decided whether to request a sovereign bailout.

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.

The U.S. dollar was higher against the euro, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.15% to trade at 79.79, the highest since October 15.

Oil prices typically weaken when the U.S. currency strengthens as the dollar-priced commodity becomes more expensive for holders of other currencies.

Losses were limited as market players continued to focus on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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

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 1.7 million barrels last week.

Investors are also turning their attention to the Federal Reserve's two-day policy-setting meeting, which kicks off later in the day, after the central bank announced its third round of quantitative easing last month.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

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 December delivery dipped 0.15% to trade at USD109.29 a barrel, with the spread between the Brent and crude contracts standing at USD20.91 a barrel.

[Macintosh]

Yes indeed oil prices finally breaking through the support level of the beginning of fly down, and as you can see on the daily chart for the first will be 84 dollars ... on the short-term charts can be seen that a very small pullbacks in this expected that tomorrow the price continues to fall .. .:)

[Bieela_cute]

Crude oil futures plunged on Tuesday as investors dumped the commodity due to global growth fears.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.63 a barrel during U.S. morning trade falling 2.28%.

Oil’s losses accelerated after stocks on Wall Street opened with heavy losses on Tuesday, pressured by disappointing corporate earnings results. The Dow Jones Industrial Average and the S&P 500 were both down more than 1% shortly after the open.

U.S. stocks and crude oil have the tendency to trade in tandem on the belief that share prices act as a proxy for economic sentiment and are a bellwether for oil demand.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Market sentiment was hit as a down****e of Catalonia and four other Spanish regions by ratings agency Moody’s added to uncertainty over when Madrid may formally request a bailout.

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.

The risk-off trade environment saw the U.S. dollar hit a one-week high against the euro, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, gained 0.5% to trade at 80.06, the highest since October 11.

Dollar-denominated oil futures contracts tend to fall when the dollar gains, as this makes oil more expensive for buyers in other currencies.

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 1.7 million barrels last week.

Investors are also turning their attention to the Federal Reserve's two-day policy-setting meeting, which kicks off later in the day, after the central bank announced its third round of quantitative easing last month.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

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

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

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 dropped 1.15% to trade at USD108.19 a barrel, with the spread between the Brent and crude contracts standing at USD21.33 a barre

[amni570]

Buy OIL at 86.30 SL 85.80 TP 87.00

[Bieela_cute]

The 10/15 low is viewed as the latest pivot so respect potential for a return to 9400 and perhaps the 61.8% retracement of the decline from 10040 at 9553. However, new longs at the top of the range (current level) aren’t wise given current range conditions. I don’t see a trade here.” The 10/15 gave way today and crude is at the bottom of the range (for October). Those bent on trading crude can use Monday’s high as a level to hold a bearish bias against for a break to lower levels but crude’s false break tendencies make me gun shy.

Commodity Trading Strategy Implications:

LEVELS: 8550 8684 8795 8983 9064 9125

[ashaab]

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

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 84.50 and key resistance at 89.00. Based upon my chart analysis, I prefer to selling the Oil around 87.70 with targets 96.25 then 85.20 and stoploss with four hour candle closing above 89.00.

[ahmed fakhry]

Oil: December futures price of WTI dropped to $85.76 per barrel on the New York Mercantile Exchange. The Oil investors were focused on the weak global economy performances and its impact on oil demand thus silently reacted on probability of Iran's threat, which may halt exports of oil, if the West countries will apply more sanctions against the country.

[raihan8212]

Crude oil futures edged up from the lowest level since July during European morning hours on Wednesday, however gains were capped after a string of weak manufacturing data out of the euro zone reinforced concerns over the outlook for global growth.

Oil traders were focusing on closely-watched weekly supply data on U.S. stockpiles of crude and refined products from the U.S. Energy Information Administration later in the day.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.89 a barrel during European morning trade, easing up 0.25%.

New York-traded oil prices traded in a range of USD87.47 a barrel, the daily high and a session low of USD86.27 a barrel. New York-traded oil prices fell to USD85.80 on Tuesday, the weakest level since July 13.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Markit said that its flash euro zone manufacturing purchasing managers’ index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany’s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Oil futures remained supported after a report showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

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

Oil traders looked ahead to weekly data from the U.S. government on oil supplies later in the day to gauge the strength of demand from the world’s largest oil consumer.

The report was expected to show that U.S. crude oil stockpiles increased by 1.9 million barrels last week, while gasoline inventories were forecast to rise by 0.7 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by a modest 0.31 million barrels last week, while gasoline stocks increased 0.18 million barrels.

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

Market participants also awaited the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day, after the central bank announced its third round of quantitative easing last month.

Elsewhere, oil traders continued to focus on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 added 0.6% to trade at USD108.92 a barrel, with the spread between the Brent and crude contracts standing at USD22.03 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 09:45 PM ---------- Previous post was at 05:37 PM ----------

Crude oil futures fell to the lowest level since July during U.S. morning hours on Wednesday, adding to losses after a U.S. government report showed oil supplies rose more-than-expected last week.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.63 a barrel during U.S. morning trade, tumbling 1.2%.

New York-traded oil prices fell by as much as 1.4% earlier in the day to trade at a session low USD85.58 a barrel, the weakest level since July 12.

Prices traded at USD86.45 a barrel prior to the release of the EIA data.

The U.S. EIA said in its weekly report that U.S. crude oil inventories increased by 5.9 million barrels in the week ended October 19, compared to expectations for a 1.9 million barrel increase.

Total U.S. crude oil inventories stood at 375.1 million barrels as of last week.

Total motor gasoline inventories increased by 1.4 million barrels, compared to expectations for a gain of 0.67 million barrels.

Oil traders shrugged off a report showing U.S. new home sales rose more-than-expected in September, hitting the highest level since April 2010.

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

New York-traded oil prices were weaker ahead of the supply report after a string of downbeat manufacturing data out of the euro zone reinforced concerns over the outlook for global growth.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Oil futures remained supported after a report showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

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

Market participants also awaited the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day, after the central bank announced its third round of quantitative easing last month.

Elsewhere, oil traders continued to focus on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 0.55% to trade at USD107.66 a barrel, with the spread between the Brent and crude contracts standing at USD22.03 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.

[turabawan8]

Pivot point (level of invalidation): 88.25

Our preference: Short positions with target at 88.2 to 85.7 and 84.4 in extension.

Alternative scenario: Above 88.25 we expect further upside with 89.9 and 91.25 of the target.

Technical Comments: as long as 88.25 resistance is not exceeded, the risk of rupture 85.7 remains high.

[hodhod2000]

The trading range for today is expected among the major support at 84.50 and the major resistance at 89.00.
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 traded down during U.S. hours Wednesday, adding to losses after a U.S. government report showed oil supplies rose more-than-expected last week.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.73 a barrel during U.S. afternoon trade, tumbling 1.10%.

New York-traded oil prices fell by as much as 1.4% earlier in the day to trade at a session low USD85.58 a barrel, the weakest level since July 12.

Prices traded at USD86.45 a barrel prior to the release of the EIA data.

The U.S. EIA said in its weekly report that U.S. crude oil inventories increased by 5.9 million barrels in the week ended October 19, compared to expectations for a 1.9 million barrel increase.

Total U.S. crude oil inventories stood at 375.1 million barrels as of last week.

Total motor gasoline inventories increased by 1.4 million barrels, compared to expectations for a gain of 0.67 million barrels.

Oil traders shrugged off a report showing U.S. new home sales rose more-than-expected in September, hitting the highest level since April 2010.

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

New York-traded oil prices were weaker ahead of the supply report after a string of downbeat manufacturing data out of the euro zone reinforced concerns over the outlook for global growth.

Markit said that its flash euro zone manufacturing purchasing managers’ index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany’s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Oil futures remained supported after a report showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

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

Market participants also awaited the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day, after the central bank announced its third round of quantitative easing last month.

Elsewhere, oil traders continued to focus on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 0.55% to trade at USD107.66 a barrel, with the spread between the Brent and crude contracts standing at USD22.03 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.

[ashaab]

http://i45.tinypic.com/10hj5om.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 82.80 and key resistance at 87.70. Based upon my chart analysis, I prefer to selling the Oil around 86.25 with targets 84.50 then 83.00 and stoploss with four hour candle closing above 87.70.

[sokcool]

Oil is very suit to be understood....

---------- Post added at 02:04 PM ---------- Previous post was at 02:03 PM ----------

oil is very difficult to understand....

---------- Post added at 02:05 PM ---------- Previous post was at 02:04 PM ----------

oil is very difficult to understand....

[turabawan8]

USD/JPY surpasses 80.00

Risk sentiment is blooming on Thursday and allowed a successful attempt at breaching the 80.00 mark, triggering an extension to 80.19 high, for now. The Nikkei Stock Average closed higher by 1.11%.

Helping the movement are reports that the BoJ is considering to intervene with extra �10 Trillion is asset purchases. Foreign investment in Japan stocks rose from �-26.7B to �195.2B in the week ending at October 19. In the same week, foreign bond investment eased from �705.3B to �474.6B. Corporate service price fell further, from -0.3% to -0.5% in September, in line with consensus.

[raihan8212]

Crude oil futures rebounded from the lowest level since July during European morning hours on Thursday, as appetite for growth-linked assets strengthened after the Federal Reserve said that some aspects of the U.S. economy were improving.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.33 a barrel during European morning trade, climbing 0.7%.

New York-traded oil prices rose by as much as 1% earlier in the day to hit a session high of USD86.61 a barrel. Future fell to USD84.95 a barrel on Wednesday, the weakest level since July 12.

The Federal Reserve announced no new measures at the end of a two-day meeting Wednesday, after the central bank announced its third round of quantitative easing last month.

In its rate statement, the Fed said the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.

The Fed also said it planned to keep its benchmark short-term rate close to zero through mid-2015.

The Federal Reserve said in September it will purchase an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Later in the day, the U.S. was to release official data on durable goods orders, as well as reports on pending home sales and initial jobless claims. The country is scheduled to release third quarter growth data on Friday.

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

Some bargain buying also helped lift oil futures off the lows, after prices moved into oversold territory. Technical traders said prices had fallen too far, too fast and were due for a technical bounce.

Oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, oil traders continued to focus on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 added 0.65% to trade at USD108.58 a barrel, with the spread between the Brent and crude contracts standing at USD22.25 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.

[nurdiantofxwave]

Movement rebound in OIL should try resistance at 86.96. If successful breakout here, we see 87.15 and 87.45 as the next resistance, with support now at 86.25. Stochastic signal shown in overbought area that affect for oil to retrace down.

[VANDA_S]

http://i.imgur.com/xsYXF.png

At the H4 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still nturun
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 83.75

[raihan8212]

Crude oil futures turned lower during U.S. morning hours on Thursday, re-approaching the previous session�s three-month low as investors reacted to a flurry of U.S. economic data.

Ongoing concerns over the outlook for global economic growth and the impact on future oil demand prospects continued to dampen the appeal of the commodity.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.60 a barrel during U.S. morning trade, dipping 0.15%.

New York-traded oil prices rose by as much as 1.1% earlier in the day to hit a session high of USD86.73 a barrel. Future fell to USD84.95 a barrel on Wednesday, the weakest level since July 12.

In the U.S., the National Association of Realtors said its pending home sales index rose by 0.3% in September, below expectations for a 2.1% gain.

The data came after a government report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

On Wednesday, the Federal Reserve announced no new measures at the end of its policy-setting meeting. In its rate statement, the central bank said the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.

The Fed also said it planned to keep its benchmark short-term rate close to zero through mid-2015.

The Federal Reserve said in September it will purchase an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

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

Meanwhile, market players eyed developments surrounding Spain, amid ongoing uncertainty over whether the debt-strapped country is moving closer to formally requesting a bailout from its euro zone partners.

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.

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

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 added 0.15% to trade at USD107.98 a barrel, with the spread between the Brent and crude contracts standing at USD22.38 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.

[yudijoni]

Oil waited rebound and when back through support at 87.51 taken out a sell at 87.50 to 86.90 and stop loss targets at 87.90, to 83.64 bearish target probability.

[raihan8212]

Crude oil futures pushed higher during U.S. afternoon hours Thursday,as investors reacted to a flurry of U.S. economic data and weighed risk sentiment in the euro zone.

Continuing worries over the global slowdown and the impact on future oil demand prospects continued to dampen the appeal of the commodity.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.29 a barrel during U.S. afternoon trade, adding 0.64%.

Sparking the rally, in the U.S., the National Association of Realtors said its pending home sales index rose by 0.3% in September, below expectations for a 2.1% gain.

The data came after a government report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

On Wednesday, the Federal Reserve announced no new measures at the end of its policy-setting meeting. In its rate statement, the central bank said the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.

The Fed also said it planned to keep its benchmark short-term rate close to zero through mid-2015.

The Federal Reserve said in September it will purchase an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

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

Meanwhile, market players eyed developments surrounding Spain, amid ongoing uncertainty over whether the debt-strapped country is moving closer to formally requesting a bailout from its euro zone partners.

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.

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

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 added 0.15% to trade at USD107.98 a barrel, with the spread between the Brent and crude contracts standing at USD22.38 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.

[amni570]

Sell OIL at 86.35 SL 86.85 TP 85.85

[ahmed fakhry]

The Oil futures moved into positive territory after five consecutive sessions of falls. They were driven by stronger than expected economic data from Britain GDP as well as on increase of volumes of Durable goods in U.S. The cost of December futures for U.S. light crude oil, WTI closed at $86.13 per barrel on the NYMEX today.

[raihan8212]

Crude oil futures dropped on Friday, amid speculation U.S. economic growth won�t be enough to boost demand amid increasing stockpiles, as investors eyed the release of preliminary U.S. gross domestic product data later in the day.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.19 a barrel during European morning trade, tumbling 1%.

Sentiment improved briefly on Thursday, after the U.S. National Association of Realtors said its pending home sales index rose by 0.3% in September, below expectations for a 2.1% gain.

The data came after a government report showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

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

Separately, investors were also focusing on tensions between Syria and Turkey and the possibility that Iran could support Syria in such a dispute.

Violence also spilled over to neighboring Lebanon in recent days, fuelling concerns over a region-wide conflict.

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 dropped 0.94% to trade at USD107.47 a barrel, with the spread between the Brent and crude contracts standing at USD22.28 a barrel.

[forexking2]

Expected trading range for today is between: Support 83.65 Resistance 88.15
General tendency is expected for the day: Down

[adikutta]

The short term trend of the Oil
is to the upside. Intraday trading
range of the Oil is expected
among key support at 82.80 and
key resistance at 87.70. Based
upon my chart analysis, I prefer
to selling the Oil around 86.25
with targets 84.50 then 83.00
and stoploss with four hour
candle closing above 87.70.

[Jobs]

After the breakdown of 88 dollars price fell significantly more evident now that sellers continue to press, the peaks are reduced and more and more pressed to support 85 dollars ... but judging by the current situation, I think it is very possible that the breakdown of the price will go down and itself further to at least 84 dollars. .

[turabawan8]

EUR/USD Daily Outlook - Oct. 26, 2012

The EUR/USD pair fell during the session on Thursday as we initially tried to rally above the 1.30 level again. The fall after reaching that area formed a shooting star, which of course is always a bearish sign. Looking at this overall chart, I cannot help but feel that we are in a bit of a "no man's land" type of situation. I think that the 1.28 level is massive support, while the 1.3150 is resistance. In fact,

[Emma]

Oil gave the first signs of growth in the North, but the price is still broke through the upper boundary of converging triangle, the price below $ 85.00 does not want to go as long as there is a good opportunity to buy at a low price until the rate has not increased.

[ashaab]

http://i49.tinypic.com/f2lykx.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 82.20 and key resistance at 87.70. Based upon my chart analysis, I prefer to selling the Oil below 86.00 with targets 84.50 then 83.00 and stoploss with four hour candle closing below 87.00

[hodhod2000]

The trading range for today is expected among the major support at 82.20 and the major resistance at 87.70.
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 Monday as Hurricane Sandy threatened to converge with other weather systems into a super storm and disrupt oil operations along a wide swath of the U.S. east coast.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.98 a barrel on Monday, down 0.34%, off from a session high of USD86.08 and up from an earlier session low of USD85.94.

Sandy's wind field will cover a wide area of the U.S. eastern seaboard, prompting refineries in the area to scale back on crude purchases, which pushed down prices as did concerns that inventories were on the rise in the U.S.

Late last week, the U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories jumped up by 5.9 million barrels in the week ended October 19, well beyond market calls for an increase of 1.9 million barrels.

Total U.S. crude oil inventories stood at 375.1 million barrels as of last week.

Total motor gasoline inventories rose by 1.4 million barrels, above expectations for a gain of 673,000 barrels.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.35% and trading at USD109.23 a barrel, up USD23.25 from its U.S. counterpart.

[ashaab]

http://i46.tinypic.com/24d105d.gif

The short term trend of the Oil is to the upside. Intraweek trading range of the Oil is expected among key support at 88.00 and key resistance at 96.00. Based upon my chart analysis, I prefer to buying the Oil around 86.25 with targets 84.50 then 83.00 and stoploss with four hour candle closing below 87.70.

[mdjoy50]

Main ye thread OIL ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon. good like forex forum

[forexking2]

Expected trading range for this week between: Support 80.00 Resistance 88.15
General tendency is expected for this week: Down

[Emma]

Oil noticeably stopped its decline about 85 figures below which a few days the price is not, oil is now beginning to penetrate the figure is 86.00, it seems the Mid-term northern correction, the price can easily descends to 87.80 (next resistance).

[fahim017]

The first stage of the oil must highlight important changes. (92) the game would buy 94.15 92. 5 again. I have for sale, back to 94.25, hang a 100 or Pips profit. Oil is 98, increases the chances that it will be 100 and 105, and trhen, days to come, but after a small correction, not a missile 100

[raihan8212]

Crude oil futures edged lower in electronic trade during U.S. morning hours on Monday, as refineries along the U.S. East Coast shut down operations in anticipation of the arrival of Hurricane Sandy.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.10 a barrel during U.S. morning trade, shedding 0.2%.

New York-traded oil prices fell by as much as 1% earlier in the day to hit a session low of USD85.36 a barrel. Futures fell to a three-month low of USD84.95 a barrel on October 24.

Trading activity was expected to remain thin on Monday, as Hurricane Sandy was expected to slam in to the East Coast late-Monday or early-Tuesday.

NYMEX floor trading will remain closed, according to exchange operator CME Group, while electronic trading of energy and other NYMEX products will be unaffected.

The U.S. National Hurricane Center said earlier that Sandy stayed on a predicted path toward New York, Washington, Baltimore and Philadelphia. The storm�s maximum sustained winds strengthened to 85 miles per hour overnight.

Sandy is forecast to converge with two other systems, creating a phenomenon the National Weather Service dubbed �Frankenstorm�.

Oil prices were pressured as doubts over the U.S. economic recovery persisted despite Friday�s better-than-expected data on U.S. third quarter growth.

The U.S. economy grew by 2% in the three months to September, on the back of stronger consumer spending, after expanding by 1.3% in the preceding quarter. Economists had predicted growth of 1.9%.

Oil traders now looked ahead to Friday�s closely-watched U.S. nonfarm payrolls data after the unemployment rate unexpectedly fell to 7.8% in September from 8.1% the previous month.

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

Sentiment remained on the back foot as investors remained cautious amid growing doubts over whether Greece can meet austerity targets as coalition talks on the latest round of spending cuts remained deadlocked.

Markets were also jittery amid ongoing uncertainty over whether Spain is preparing to request a bailout from its euro zone partners, which would activate a bond buying program by the European Central Bank.

New York-traded oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery added 0.4% to trade at USD110.00 a barrel, with the spread between the Brent and crude contracts standing at USD23.90 a barrel.

London-traded Brent prices have outperformed New York crude 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 supporting Brent prices.

[hodhod2000]

The trading range for today is expected among the major support at 84.00 and the major resistance at 87.00.

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 after Hurricane Sandy morphed into a massive post-tropical system and roared ashore in New Jersey.

Refiners in the area had cut operations prior to Sandy's arrival, thus sending crude prices falling on the curtailed demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.36 a barrel on Tuesday, down 0.21%, off from a session high of USD85.42 and up from an earlier session low of USD85.25.

Sandy dealt a massive blow to the northeastern U.S., driving heavy winds and rains and whipping up a deadly storm surge for a large swath of the heavily populated Atlantic seaboard.

Prior to Sandy's arrival, refineries in the area throttled backed operations until the storm had passed, which pushed down prices as did concerns that inventories were on the rise in the U.S.

Late last week, the U.S. Energy Information Administration said in its weekly report that U.S. crude oil inventories jumped up by 5.9 million barrels in the week ended October 19, well beyond market calls for an increase of 1.9 million barrels.

Total U.S. crude oil inventories stood at 375.1 million barrels as of last week.

Total motor gasoline inventories rose by 1.4 million barrels, above expectations for a gain of 673,000 barrels.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.07% and trading at USD109.14 a barrel, up USD23.78 from its U.S. counterpart.

[ashaab]

http://i45.tinypic.com/315etft.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 82.00 and key resistance at 87.70. Based upon my chart analysis, I prefer to selling the Oil around 86.10 with targets 84.50 then 83.00 and stoploss with four hour candle closing above 87.70.

[ahmed fakhry]

Oil: December futures price of WTI sharply fell to 84.67 dollars per barrel on the fact that U.S. East Coast community plants reduced their consumption in anticipation of the hurricane "Sandy."

[forexking2]

Shows a positive oil price inclined slightly going from the previously breached level of 86.00, which constitutes the first barrier of protection for the continuation of our expectations for the bearish trend.

[hodhod2000]

The trading range for today is expected among the major support at 82.00 and the major resistance at 87.70.

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 edged higher in quiet trade during U.S. morning hours on Tuesday, bouncing off the previous session�s four-month low as sentiment found some support after the initial damage caused Hurricane Sandy appeared to have been less severe than some had feared.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD85.91 a barrel during U.S. morning trade, gaining 0.45%.

New York-traded oil prices rose by as much as 0.8% earlier in the session to hit a daily high of USD86.24 a barrel. On Monday, futures fell to USD84.70 a barrel, the weakest level since July 12.

Trading activity was expected to remain thin on Tuesday, as NYMEX floor trading will remain closed for a second day, according to exchange operator CME Group. Electronic trading of energy and other NYMEX products will be unaffected.

Investors continued to assess the damage caused by Sandy after the storm made landfall in Southern New Jersey late Monday.

The storm, the largest in the Atlantic on record, has since been down****ed to a post-tropical cyclone by the U.S. National Hurricane Center.

Six refineries in the region curbed production because of Sandy, accounting for 1.22 million barrels of the area�s crude-processing capacity of 1.29 million barrels a day, raising concerns over a slowdown in near-term demand.

The American Petroleum Institute will �re-evaluate� the release of its weekly oil inventory report, originally scheduled for release later Tuesday.

The U.S. Energy Information Administration said it will postpone the release of its weekly report on oil stockpiles from Wednesday due to storm-related delays. The data may be published November 1, according to the EIA.

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

Elsewhere, in the euro zone, sentiment firmed up after official data showed that the Spanish economy contracted by 0.3% in the third quarter, compared to expectations for a 0.4% contraction.

The data came a day after Spanish Prime Minister Mariano Rajoy said that he would request a bailout "when I think it is in the interests of Spain".

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.

Also Tuesday, Italy�s Treasury sold EUR3 billion worth of debt maturing in November 2022 at an average yield of 4.92%, the lowest level since May 2011 down from 5.24% at a similar auction last month.

Some bargain buying also contributed to gains, as investors returned to the market to seek cheap valuations after oil prices fell to the lowest since July on Monday.

New York-traded oil prices have been under heavy selling pressure in recent sessions, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.2% to trade at USD109.22 a barrel, with the spread between the Brent and crude contracts standing at USD23.31 a barrel.

---------- Post added 10-31-2012 at 06:51 AM ---------- Previous post was 10-30-2012 at 10:41 PM ----------

Crude oil futures rose in Asian trading on Wednesday as U.S. refineries began to ramp up operations after the massive post-tropical storm Sandy wreaked havoc across the northeastern U.S.

Refiners in the area had halted operations prior to Sandy's arrival, thus sending crude prices falling on curtailed demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.73 a barrel on Wednesday, up 0.06%, off from a session high of USD85.75 and up from an earlier session low of USD85.70.

Sandy dealt a massive blow to the northeastern U.S., driving heavy winds and rains and whipping up a deadly storm surge for a large swath of the heavily populated Atlantic seaboard.

Prior to Sandy's arrival, refineries throttled back operations, but now that the storm has passed, hopes began to build that demand for fuels will increase as more and more communities brush off the debris and get back to work.

The storm did throw a curveball into plans to release weekly oil inventory data.

The U.S. Energy Information Administration said it will postpone the release of its weekly report on oil stockpiles from Wednesday possibly to Thursday due to storm-related delays.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.09% and trading at USD108.98 a barrel, up USD23.25 from its U.S. counterpart.

[ashaab]

http://i50.tinypic.com/20p8v9.gif

The short term trend of the Oil is to the upside. Intraday trading range of the Oil is expected among key support at 82.00 and key resistance at 87.70. Based upon my chart analysis, I prefer to selling the Oil around 86.10 with targets 84.50 then 83.00 and stoploss with four hour candle closing above 87.70.

[raihan8212]

Crude oil futures rose in Asian trading on Wednesday as U.S. refineries began to ramp up operations after the massive post-tropical storm Sandy wreaked havoc across the northeastern U.S.

Refiners in the area had halted operations prior to Sandy's arrival, thus sending crude prices falling on curtailed demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.73 a barrel on Wednesday, up 0.06%, off from a session high of USD85.75 and up from an earlier session low of USD85.70.

Sandy dealt a massive blow to the northeastern U.S., driving heavy winds and rains and whipping up a deadly storm surge for a large swath of the heavily populated Atlantic seaboard.

Prior to Sandy's arrival, refineries throttled back operations, but now that the storm has passed, hopes began to build that demand for fuels will increase as more and more communities brush off the debris and get back to work.

The storm did throw a curveball into plans to release weekly oil inventory data.

The U.S. Energy Information Administration said it will postpone the release of its weekly report on oil stockpiles from Wednesday possibly to Thursday due to storm-related delays.

On the ICE Futures Exchange, Brent oil futures for December delivery were up 0.09% and trading at USD108.98 a barrel, up USD23.25 from its U.S. counterpart.

[ahmed fakhry]

The oil prices on speculations that a demand for Oil will be back soon after the hurricane Sandy hit the U.S. East Coast rebounded from four-month lows at the American trading session. December futures price of U.S. light crude oil, WTI rose to 86.22 dollars a barrel, however, closed at $85.65 on the New York Mercantile Exchange.

[raihan8212]

Crude oil futures were higher during European morning hours on Wednesday, as refineries along the U.S. East Coast started to resume operations after Hurricane Sandy moved away from the region.

Oil traders waited for key Chinese manufacturing and U.S. employment data later in the week, amid concerns over the health of the global economy.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.45 a barrel during European morning trade, gaining 0.9%.

New York-traded oil prices rose by as much as 1.1% earlier in the day to hit a session high of USD86.57 a barrel. On Monday, futures fell to a four-month low of USD84.70 a barrel.

Floor trading on the Nymex was set to resume Wednesday, along with U.S. equity markets, after remaining closed the previous two days, as Hurricane Sandy caused major damage in the U.S. northeast.

The U.S. National Hurricane Center said late Tuesday that Sandy was expected to weaken further as it passed over Pennsylvania.

Receding concerns over the super-storm prompted some of the region�s refineries to resume operations.

Philadelphia Energy Solutions� 355,000 barrel-a-day Pennsylvania refinery is restoring operations and NuStar Energy�s 74,000 barrel-a-day Paulsboro, New Jersey, plant will be at full production on Wednesday, the companies said.

Seven refineries with a total capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days.

Oil traders were looking ahead to weekly data from the U.S. government on oil supplies on Thursday to gauge the strength of demand from the world�s largest oil consumer.

The release of the report was postponed from Wednesday, due to storm-related delays.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 2.12 million barrels last week, while gasoline stocks decreased by a modest 0.17 million barrels.

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

Market players were also focusing on a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

The U.S. and China are the world�s two largest oil consuming nations and manufacturing and employment numbers are used as indicators for fuel demand growth.

Meanwhile, euro zone developments remained in focus. Finance ministers from the region were to hold a conference call later in the day to discuss Greece�s progress on meeting austerity targets, but no decision on when the country will receive the next tranche of its bailout was expected.

Investors continued to await any sign that Spain is preparing to request a bailout, which would activate a bond purchasing program by the European Central Bank, aimed at lowering the borrowing costs of distressed euro zone states.

The debt-strapped country has been reluctant to ask for aid from its euro zone partners because of concerns it may come with conditions on its budget.

New York-traded oil prices have been under heavy selling pressure in recent weeks, losing nearly 6% in October, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery rose 0.45% to trade at USD109.56 a barrel, with the spread between the Brent and crude contracts standing at USD23.11 a barrel.

London-traded Brent prices have outperformed New York crude 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 supporting Brent prices.

[hodhod2000]

The trading range for today is expected among the major support at 82.00 and the major resistance at 87.70.

The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55

[raihan8212]

Gold futures rose to the highest level in a week during U.S. morning hours on Wednesday, as sentiment firmed up after U.S. equity markets reopened after remaining closed for two consecutive days in the wake of Hurricane Sandy.

Gold traders waited for key Chinese manufacturing and U.S. employment data later in the week to gauge the health of the global economy.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,718.95 a troy ounce during U.S. morning trade, up 0.4% on the day.

Gold futures rose by as much as 1% earlier in the day to hit a session high of USD1,722.35 a troy ounce, which was the strongest level since October 23.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,730.35, the high from October 23.

Gold�s gains came as the euro found support after Spanish Prime Minister Mariano Rajoy said earlier that his country needs the help of the European Union to meet its budget goals, and added that EU progress on a banking union would allow leeway on making a formal request for aid.

The debt-strapped country has been reluctant to ask for financial assistance from its euro zone partners because of concerns it may come with conditions on its budget.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.1% to trade at 79.93.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Gold traders were looking ahead to a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

Elsewhere on the Comex, silver for December delivery rallied 1.2% to trade at USD32.19 a troy ounce, while copper for December delivery rose 0.5% to trade at USD3.524 a pound.

---------- Post added at 11:15 PM ---------- Previous post was at 11:13 PM ----------

Crude oil futures trimmed gains during U.S. morning hours on Wednesday, coming off the highest levels of the day after data showed manufacturing activity in the Chicago area contracted for the second consecutive month in October.

Oil prices were supported as refineries along the U.S. East Coast started to resume operations after Hurricane Sandy moved away from the region.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.10 a barrel during U.S. morning trade, gaining 0.5%.

New York-traded oil prices rose by as much as 1.1% earlier in the day to hit a session high of USD86.58 a barrel. On Monday, futures fell to a four-month low of USD84.70 a barrel.

Floor trading on the Nymex resumed Wednesday, along with U.S. equity markets, following a two-day closure for Hurricane Sandy.

Market research group Kingsbury International said its Chicago purchasing managers� index rose to 49.9 in October from a reading of 49.7 the previous month. Analysts had expected the index to improve to 50.0 in October.

On the index, a reading above 50.0 indicates expansion, below indicates contraction.

Meanwhile, the U.S. National Hurricane Center said earlier in the day that Sandy weakened to a surface trough as it passed over western Pennsylvania.

Receding concerns over the super-storm prompted some of the region�s refineries to resume operations.

Philadelphia Energy Solutions� 355,000 barrel-a-day Pennsylvania refinery is restoring operations and NuStar Energy�s 74,000 barrel-a-day Paulsboro, New Jersey, plant will be at full production on Wednesday, the companies said.

Seven refineries with a total capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days.

Oil traders were looking ahead to weekly data from the U.S. government on oil supplies on Thursday to gauge the strength of demand from the world�s largest oil consumer.

The release of the report was postponed from Wednesday, due to storm-related delays.

The data was expected to show that U.S. crude oil stockpiles increased by 1.5 million barrels last week, while gasoline inventories were forecast to rise by 0.16 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 2.12 million barrels last week, while gasoline stocks decreased by a modest 0.17 million barrels.

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

Meanwhile, euro zone developments remained in focus. Spanish Prime Minister Mariano Rajoy said earlier that his country needs the help of the European Union to meet its budget goals, and added that EU progress on a banking union would allow leeway on making a formal request for aid.

The debt-strapped country has been reluctant to ask for financial assistance from its euro zone partners because of concerns it may come with conditions on its budget.

Market players were also focusing on a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

The U.S. and China are the world�s two largest oil consuming nations and manufacturing and employment numbers are used as indicators for fuel demand growth.

New York-traded oil prices have been under heavy selling pressure in recent weeks, losing nearly 6% in October, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.1% to trade at USD108.95 a barrel, with the spread between the Brent and crude contracts standing at USD22.85 a barrel.

[raihan8212]

Crude oil futures moved higher during U.S. afternoon hours Wednesday, but falling from the highest levels of the session after data showed manufacturing activity in the Chicago area contracted for the second consecutive month in October.

Oil prices were supported as refineries along the U.S. East Coast started to resume operations after Hurricane Sandy moved away from the region.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.35 a barrel during U.S. afternoon trade, gaining 0.77%.

New York-traded oil prices rose by as much as 1.1% earlier in the day to hit a session high of USD86.58 a barrel. On Monday, futures fell to a four-month low of USD84.70 a barrel.

Floor trading on the Nymex resumed Wednesday, along with U.S. equity markets, following a two-day closure for Hurricane Sandy.

Market research group Kingsbury International said its Chicago purchasing managers� index rose to 49.9 in October from a reading of 49.7 the previous month. Analysts had expected the index to improve to 50.0 in October.

On the index, a reading above 50.0 indicates expansion, below indicates contraction.

Meanwhile, the U.S. National Hurricane Center said earlier in the day that Sandy weakened to a surface trough as it passed over western Pennsylvania.

Receding concerns over the super-storm prompted some of the region�s refineries to resume operations.

Philadelphia Energy Solutions� 355,000 barrel-a-day Pennsylvania refinery is restoring operations and NuStar Energy�s 74,000 barrel-a-day Paulsboro, New Jersey, plant will be at full production on Wednesday, the companies said.

Seven refineries with a total capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days.

Oil traders were looking ahead to weekly data from the U.S. government on oil supplies on Thursday to gauge the strength of demand from the world�s largest oil consumer.

The release of the report was postponed from Wednesday, due to storm-related delays.

The data was expected to show that U.S. crude oil stockpiles increased by 1.5 million barrels last week, while gasoline inventories were forecast to rise by 0.16 million barrels.

After markets closed Tuesday, the American Petroleum Institute, an industry group, said that U.S. crude inventories rose by 2.12 million barrels last week, while gasoline stocks decreased by a modest 0.17 million barrels.

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

Meanwhile, euro zone developments remained in focus. Spanish Prime Minister Mariano Rajoy said earlier that his country needs the help of the European Union to meet its budget goals, and added that EU progress on a banking union would allow leeway on making a formal request for aid.

The debt-strapped country has been reluctant to ask for financial assistance from its euro zone partners because of concerns it may come with conditions on its budget.

Market players were also focusing on a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

The U.S. and China are the world�s two largest oil consuming nations and manufacturing and employment numbers are used as indicators for fuel demand growth.

New York-traded oil prices have been under heavy selling pressure in recent weeks, losing nearly 6% in October, as increasing concerns over the outlook for global economic growth and the impact on future oil demand prospects dampened the appeal of the commodity.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased down 0.1% to trade at USD108.95 a barrel, with the spread between the Brent and crude contracts standing at USD22.85 a barrel.

[erespe]

Oil, I guess it will be dropped untill 85.37 today. The price is now below the 21 period of MA, while Tenkan sen cross Kijun sen from above. And also today's open was below its daily pivot. Just a simple analysis.

[forexking2]

Expected trading range for today is between: Support 82.10 Resistance 88.40
General tendency is expected for the day: Down

[raihan8212]

U.S. crude oil inventories fell unexpectedly last month, official data showed on Thursday.

In a report, Energy Information Administration said that U.S. Crude Oil Inventories fell to a seasonally adjusted annual rate of -2.045M, from 5.896M in the preceding month.

Analysts had expected U.S. Crude Oil Inventories to rise 1.506M last month.

[erespe]

I was wrong yesterday, so today, oil is still in a bullish. It may goes up to touch 87.55 level or higher. I hope my prediction is correct

[raihan8212]

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

On the New York Mercantile Exchange, Crude oil futures for December delivery traded at USD86.93 a barrel at time of writing falling 0.18%.

It earlier traded at a session low USD86.84 a barrel. Crude oil was likely to find support at USD84.70 and resistance at USD87.37.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.07% to trade at USD80.19.

Elsewhere on the ICE, Brent oil for December delivery fell 0.11% to trade at USD108.06 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD21.13 a barrel.

[lentera]

You can trade it via most platforms that offer CFDs, just like how you trade forex. If your platform offers gold, then it probably can offer oil via MT4. In terms of volume, it is supposed to be less liquid than forex, but if you are trading fairly small contracts its easy to get filled. Just note that oil can move abuot 5-10% a day, whereas fx moves 2-3% on big days, so you can make bigger wins and bigger losses.

---------- Post added at 12:14 PM ---------- Previous post was at 12:12 PM ----------

aku jane ora ngerti opo sing kowe kon lan de'e omongne neng kene, lan aku yo ra peduli kok sing penting jare kancaku lek aku nulis neng kene aku bakalan oleh modal gae treding, yo wes tak lakoni wae nulis neng kene masio jare wong aku nyampah yo ra popo ga masalah nggo aku perkoro akku engko didepak soko kene yo ra popo, aku yo ngerti sopoan neng kene sing senenge mung copy tok lan mung nggolek recehan perkoro ra nduwe modal

[suzonbmw03]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). I have selling position in 94.25 and will closed after 100 pips profit.

[raihan8212]

Crude oil futures declined on Friday, as two refineries remained shut on the U.S. East coast in the aftermath of Hurricane Sandy.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD86.67 a barrel during European morning trade, dropping 0.48%.

Prices rallied over 1% on Thursday, after the U.S. EIA said in its weekly report that U.S. crude oil inventories fell by 2.0 million barrels in the week ended October 26, confounding expectations for an increase of 1.5 million barrels.

Total U.S. crude oil inventories stood at 373.1 million barrels as of last week.

Prices also gained ground after the Department of Labor said earlier that the number of individuals filing for initial jobless benefits fell to 363,000 last week from 372,000 the previous week, compared to expectations for a decline to 370,000.

The data came on the heels of a report showing that U.S. private sector employment increased more-than-expected in October.

Payroll processing firm ADP said the U.S. private sector added 158,000 jobs this month, surpassing expectations for an increase of 135,000.

Also Thursday, the Institute for Supply Management said its index of purchasing managers rose to a five-month high of 51.7 in October from a reading of 51.5 in September.

A separate report showed that U.S. consumer confidence rose to the highest level since February 2008 in October.

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

But restarts at the refineries closed on Friday remain contingent on post-storm assessments, the companies said. Both were closed before Sandy hit and lost power after the storm made landfall October 29 in southern New Jersey.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery eased 0.08% to trade at USD108.06 a barrel, with the spread between the Brent and crude contracts standing at USD21.39 a barrel.

[Emma]

Oil after left about 85.00 figure started to turn to the north, the price above the moving steadily strengthened alligator is like U-like reversal of the trend, bought a little while.

[raihan8212]

Crude oil futures plummeted in U.S. trading on Friday as the northeast U.S. continued to recover in wake of Superstorm Sandy, wiping out concerns that supply closures at refineries would be long lasting.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.14 a barrel on Friday, down 2.24%, off from a session high of USD87.05 and up from an earlier session low of USD85.04.

Seven refineries carrying a combined capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days.

Their eventual return to operations, however, will add crude to a market that is awash in supply, which pushed prices down on Friday.

Elsewhere, U.S. government temporarily waived the Jones Act, a move that will allow foreign tankers to haul fuels from Gulf Coast refineries the storm-stricken northeastern U.S.

The Jones Act requires ships moving goods from port to port within the U.S. to be domestically built and crewed.

The market shrugged off better-than-expected jobs data.

The U.S. Bureau of Labor Statistics revealed earlier that the U.S. economy added 171,000 jobs in October, beating out analysts' calls for a gain of around 125,000.

The headline unemployment rate rose to 7.9% from 7.8% in September.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 2.38% and trading at USD105.59 a barrel, up USD20.45 from its U.S. counterpart.

[rashedul]

oil should be scoring out the opening leg of a large reproof. Should fade over 94(94.15) below 94.15 for 92.50 again before 96.00. I somebody mercantilism position in 94.25 and faculty blocked after 100 pips clear.

[amni570]

The H4 chart demonstrates today that the pair is taking a downward move after its rebound from the Resistance level of 129.50. Currently, the pair is trading between the Support level 127.10 and the Resistance level 127.85. Given that the pair manages to break this Support level and closes 4H below, we will receive a strong...

[asmakhatun]

oil should be rating out the premier leg of a large penalization. Should devolve over 94(94.15) beneath 94.15 for 92.50 again before 96.00. I somebody commerce position in 94.25 and will unopened after 100 pips acquire.

[hazem.hassan]

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 jayega

[saif]

i think WTI Crude oil and Indian or world stock market having inverse relation .So Be Ready to see Huge Big Moves into Indian Stock market in coming months. WTI Crude oil Closed Spot was at 84.86 USD per barrel .i had a short sold advice to my brothers from 92.50 USD ,also i had a short sold on Friday 86.65 USD. WTI having support at 87 USD level. WTI Droped and closed down by 2 percent in a single day .

[mdjoy50]

but after some correction, not like rocket fast busniess forex forum indian general for indian good like

[raihan8212]

Crude oil futures rebounded in Asian trading on Monday, regaining some strength after falling on reports that U.S. refineries weathered Superstorm Sandy and have begun to come online.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD84.92 a barrel on Monday, up 0.08%, off from a session high of USD84.98 and up from an earlier session low of USD84.73.

Seven refineries carrying a combined capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days, though their eventual return to operations began to add oil derivatives to a market that is already awash in supply, which sent oil prices dropping last week.

Elsewhere, U.S. government temporarily waived the Jones Act, a move that allowed foreign tankers to haul fuels from Gulf Coast to refineries in the storm-stricken northeastern U.S.

The Jones Act requires ships moving goods from port to port within the U.S. to be domestically built and crewed.

The news sent oil falling though prices regained composure on Monday after bargain hunters felt the commodity had fallen enough, especially since U.S. refining capacity has yet to fully reach pre-storm levels.

Commodities traded lower on a stronger dollar ahead of Tuesday's presidential elections in the U.S.

Polls show that President Barack Obama and his challenger, Republican Mitt Romney, are running neck and neck, with no clear winner coming down to the wire, which kept many investors seeking safe-harbor asset classes.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.16% and trading at USD105.58 a barrel, up USD20.66 from its U.S. counterpart.

[VANDA_S]

http://i.imgur.com/fCX2x.png
On the Daily chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 80.63

[forexking2]

Expected trading range for this week between: Support 80.00 Resistance 87.00
General tendency is expected for this week: Down

[raihan8212]

Crude oil futures rebounded in Asian trading on Monday, regaining some strength after falling on reports that U.S. refineries weathered Superstorm Sandy and have begun to come online.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD84.92 a barrel on Monday, up 0.08%, off from a session high of USD84.98 and up from an earlier session low of USD84.73.

Seven refineries carrying a combined capacity of 1.29 million barrels a day had shut or reduced operations because of Sandy in recent days, though their eventual return to operations began to add oil derivatives to a market that is already awash in supply, which sent oil prices dropping last week.

Elsewhere, U.S. government temporarily waived the Jones Act, a move that allowed foreign tankers to haul fuels from Gulf Coast to refineries in the storm-stricken northeastern U.S.

The Jones Act requires ships moving goods from port to port within the U.S. to be domestically built and crewed.

The news sent oil falling though prices regained composure on Monday after bargain hunters felt the commodity had fallen enough, especially since U.S. refining capacity has yet to fully reach pre-storm levels.

Commodities traded lower on a stronger dollar ahead of Tuesday's presidential elections in the U.S.

Polls show that President Barack Obama and his challenger, Republican Mitt Romney, are running neck and neck, with no clear winner coming down to the wire, which kept many investors seeking safe-harbor asset classes.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.16% and trading at USD105.58 a barrel, up USD20.66 from its U.S. counterpart.

[hodhod2000]

The trading range for this week is expected among the major support at 80.00 and the major resistance at 87.70.

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 were little changed near the lowest level in almost four months during U.S. morning hours on Monday, as investors stuck to the sidelines amid uncertainty ahead of the upcoming U.S. presidential elections.

Oil futures were pressured by growing concern over a slowdown in demand from the U.S. Northeast, as refineries in the region remained closed after Hurricane Sandy made landfall in the area last week.

On the New York Mercantile Exchange, light sweet crude futures for delivery in December traded at USD84.87 a barrel during U.S. morning trade, nearly flat on the day.

New York-traded oil prices traded in a range between USD85.34 a barrel, the daily high and a session low of USD84.36 a barrel, which was the cheapest level since July 12.

Markets were focused on the outcome of Tuesday�s U.S. elections, with opinion polls pointing to a close race between incumbent President Barack Obama and Republican challenger Mitt Romney.

If the election comes down to a thin margin in a swing state such as Ohio, the outcome could be delayed for days or weeks.

Oil futures were weighed amid concerns over demand lost in the Northeast in the aftermath of Hurricane Sandy.

Hess Corporation�s Port Reading and Phillips 66�s Bayway refineries in New Jersey remained shut, curbing demand for crude a week after the storm struck the U.S. East Coast.

Worries over a slowdown in U.S. oil demand intensified after weekly U.S. oil supply data showed that inventories exceeded 370 million barrels as of last week, the most for this time of year in at least 30 years.

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

Greece was also on investors mind, as the country�s parliament prepared to vote on the latest rounds of austerity measures on Wednesday, which could determine if Athens receives its next tranche of financial aid.

Elsewhere in the euro zone, markets continued to eye developments surrounding Spain, amid ongoing uncertainty over whether the debt-strapped country is moving closer to formally requesting a bailout from its euro zone partners.

Oil prices were lower earlier in the day, as the U.S. dollar rose to a five-week high against the euro, after Friday�s stronger-than-expected U.S. jobs report prompted investors to trim back expectations for another round of quantitative easing by the Federal Reserve.

The U.S. Department of Labor said the economy added 171,000 jobs in October, beating forecasts for an increase of 125,000. The unemployment rate ticked up to 7.9% from 7.8% in September as more people re-entered the labor force.

The dollar index, which tracks the performance of the U.S. dollar against a basket of six other major currencies, was up 0.25% to trade at 80.85, the highest level since September 7.

Oil prices typically weaken when the U.S. currency strengthens as the dollar-priced commodity becomes more expensive for holders of other currencies.

Elsewhere, on the ICE Futures Exchange, Brent oil futures for December delivery declined 0.3% to trade at USD105.39 a barrel, with the spread between the Brent and crude contracts standing at USD20.52 a barrel.

[Robi]

Climbed into the sale of oil, today the price downtrend continued formation, a few hours ago the breakdown of 85.25, and the pair started consolidation, I think we come to exactly 85.00 (if the sample will add another 85.00 per sale).

[Vamos]

oil today showed a rise to around 85.90 dollars .. and that the more there is a stop before District 86 USD viewed as the level of support and resistance .... so now I think with a very small foot can try to go in a short ... it will fall back to 85 ...

[Bieela_cute]

CRUDE OIL:
The black gold continues to stall above 85.00. This area is reinforced by 83.76 which is the 50.0% retracement level. We see short-term resistance at the 38.2% level of 87.66. A move higher can test the falling trend line resistance now at 91.36. A move beneath 83.76 can test 80.00 and then 79.84.

DISCLOSURE And DISCLAIMER:
The Above Is For Informational Purposes Only And Not To Be Construed As Specific Trading Advice. Responsibility For Trade Decisions Is Solely With The Reader

[raihan8212]

Crude oil futures inched lower in Asian trading on Tuesday on news a key refinery won't resume normal output for two to three weeks for workers to clean up after Superstorm Sandy, which will crimp demand.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD85.60 a barrel on Tuesday, down 0.06%, off from a session high of USD85.80 and up from an earlier session low of USD85.58.

Crude oil traded higher in recent sessions as the northeast continued to dig out after Sandy, which will mean more demand for fuels and energy as the power comes back on for many and motorists resume commuting to work.

However, Phillips 66 announced earlier that it had wrapped up a post-storm assessments at its 238,000 barrels-per-day Bayway Refinery and said in a statement that it expects the refinery to resume normal operations in two to three weeks, which crimped oil prices slightly.

Still other refineries in the northeastern U.S. continue to throttle up operations, which gave oil support throughout the session.

Meanwhile, global uncertainty also dampened demand for the commodity.

China continues to show signs that its once red-hot economy is cooling its growth, while in Europe, fears the debt crisis will heat up anew are brewing.

The Greek government is facing backlash from coalition members concerning proposed wage cuts and other austerity measures in exchange for bailout money, and fears the balking lawmakers may threaten the flow of bailout money kept oil from gaining.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.42% and trading at USD107.64 a barrel, up USD22.04 from its U.S. counterpart.

[forexking2]

Expected trading range for today is between: Support 82.00 Resistance 87.00
General tendency is expected for the day: Down

[Robi]

It looks like oil went to a retreat from the northern slope of the channel bottom, now the price began to form a new wave of North, the main signal to buy the breakout happens horizontal resistance 87.30 (nearest strong level) - then open the way to the top of the channel.

[thankyou01]

Live trading in the Forex market can be intimidating when you are doing it for the first time.

[Macintosh]

Oil today showed very good tug on the north struck a spark ... that the level of 87.30, and a histogram starts punching its signal line on the top ... so most likely course is taken at around 93 dollars ...

[raihan8212]

Crude oil futures fell in Asian trading on Wednesday, wiping out earlier gains as investors avoided the growth-sensitive commodity to await U.S. electoral results.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at USD88.06 a barrel on Wednesday, down 0.73%, off from a session high of USD88.25 and up from an earlier session low of USD87.88.

Crude oil traded higher earlier on sentiment that Republican candidate Mitt Romney may beat out President Barack Obama, a situation that many believe would result in tax cuts and a dismantling of regulations that would spark more growth and demand for energy.

Still, many battleground states were closing their polls with results too early or too close to call, which sent investors opting to ride out electoral uncertainty in the safety of the greenback.

Results began to trickle with little surprises at the time of writing, though investors held off on making decisions with key states such as Florida and Ohio still up in the air.

Weather reports forecasting another storm poised to hit the northeast so soon on the heels of Superstorm Sandy pushed prices down as well on fears refineries in the area my throttle down operations and buy less crude until the weather improves.

On the ICE Futures Exchange, Brent oil futures for December delivery were down 0.39% and trading at USD110.66 a barrel, up USD22.60 from its U.S. counterpart.

[ahmed fakhry]

The prices of oil continued their yesterday’s rise adding 1.3 % after a survey showed that fuel stocks may have fallen by 1.5 million barrels to a level of 198 million barrels last week. December futures price of U.S. light crude oil, WTI rose to 89.24 dollars a barrel on the New York Mercantile Exchange.

[Bieela_cute]

Commodity Observations: Crude made a bullish JS Thrust today. The previous 2 bullish thrusts occurred on 6/29 and 8/3. In both instances, crude was coming off of lows and the thrusts ‘announced’ that a new bull move was underway. What’s more, the rally appears to be unfolding impulsively. One more high (above Tuesday’s high) would probably complete 5 waves up from Monday’s low and give way to a correction that lasts at least a day.

Commodity Trading Strategy Implications: Strength into the trendline on Wednesday would present an opportunity to short for a drop that corrects the rally from the Monday low.

LEVELS: 8588 8675 8770 8980 9044 9125

[hodhod2000]

The trading range for today is expected among the major support at 84.00 and the major resistance at 92.00.

The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55.

[ehabgemy]

The price oil begin maneuvers on the critical level of 88.40 and show us through the important and sensitivity

[Robi]

Oil shows are crazy traffic, after yesterday's rapid growth today, we saw the resumption of the southern trend with incredible force, the price close to the strong support of 84.56, I think of it you can try to catch the northern lights out correction.

[hodhod2000]

The trading range for today is expected among the major support at 84.00 and the major resistance at 92.00.

The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55.

[ahmed fakhry]

The December futures price of U.S. light crude oil WTI fell to 84.10 dollars per barrel thus resumed their decline after a U.S. government report reported an increase in stock reserves for the fourth time in five weeks.

[hodhod2000]

The trading range for today is expected among the major support at 82.00 and the major resistance at 86.10.

The short-trend trend is to the upside with steady weekly closing above 78.00, targeting 104.65 and 110.55

[ahmed fakhry]

December futures price of WTI is trading in the range of 85.27 - 86.49 dollars a barrel on the NYMEX. The prices of oil fluctuated in trading in American session after the positive data of the China trade balance and disappointed results of the economic growth of Japan.

[suzonbmw03]

HI DEAR,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.Initial support at 95.00 (Intraday Support) followed by 92.50 (Intraday Support). Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance).

[Bieela_cute]

Moving Averages:Strong Buy
Indicators:Strong Buy
Summary:STRONG BUY
Pivot PointsTime: 14.11.12 09:17 GMT
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 85.515 85.66 85.845 85.99 86.175 86.32 86.505
Fibonacci 85.66 85.7861 85.8639 85.99 86.1161 86.1939 86.32
Camarilla 85.9393 85.9695 85.9998 85.99 86.0603 86.0905 86.1208
Woodie's 85.535 85.67 85.865 86 86.195 86.33 86.525
DeMark's - - 85.9175 86.0263 86.2475 - -

[Tyler7]

Oil can be seen sloping support level from which just occurred northern retreat, the price begins to ****ually resume the northern trend, keep buying, on the daily chart MASD hem signal to the north, also on the hourly chart bullish candle absorption.

[jonyr]

High Dose Fish Oil Omega 3 Fish Oil Side Effects Studies 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.

[forexking2]

Price of oil tries to achieve some positive and close to the level of 86.00 pivot, which represents the stabilizing below the most important factor to achieve the bearish trend is likely to this day.

[ddukic]

Oil 12/11/2012 - 4h Chart Analysis

http://fxlisting.net/images/oilD-12112012.jpg

CRUDE OIL DAILY CHART

SUGGESTIONS:

Last week was a stabilizing trading period for the Oil�s price. As you can observe at the end of the last falling part of the graph there are several daily bars signaling this stabilization.

In my opinion, the price will low up to the U1 blue trend line before presenting any signals for the continuation. Don�t forget that 77.07usd constitutes a level confirmed several times in the recent past of few months.

My friends the �Bears� keep your short positions. You suffer the roll over cost but you are after a risk/reward ration that worth trying. My stop loss is above the tandem of the two SMAs. I know is expensive but is possible that the price tries it before moving again �south�. I am leaving to you the way to handle it.

�Bulls� wake up. There is a chance to open small long positions at the encounter of the U1 blue trend line. Stop loss immediately below.

[ahmed fakhry]

Oil prices went up after Tel Aviv (Israel city) officially announced the launch of a large-scale operation against the infrastructure of terrorist organizations and activists in the Gaza Strip, including the "Hamas " and " Islamic Jihad." The December futures price of U.S. light crude oil WTI grew to 86.63 dollars per barrel on the New York Mercantile Exchange.

[forexking2]

Expected trading range for today is between: Support 83.00 Resistance 88.60
General tendency is expected for today: neutral

[suzonbmw]

Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support).Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance).

[Emma]

Continue to hold the purchase of oil, the price is met resistance around 86.50, in support of the sliding draw in alligator likely breakdown occurs 86.50 and access to a new high - with its plan to buy more.

[alalbd]

Oil
Mostly long positions above 103.5 with take profits at 105.25 and 106.45 in extension. Alternatively if there is downside breakout of 103.5, it would open its way to open the way to 102 and 101 in extension.

[Tyler7]

Oil can now be a strong northerly increase as the price out of the consolidation, and held it out to the north, as the price has no significant obstacles, and could easily go to the previous maximum of 88.70.

[Emma]

Oil yesterday failed to go far to the north, the couple tried to overcome the resistance of 86.67 but was not strong enough and the price has gone back to the southern end a call, you can see the side of the channel in which oil is traded, buying resumed think about its lower border 84.40 (approach to this level I expected).

[ahmed fakhry]

The December futures price of WTI hit the area of 86.79 dollars a barrel on fears of possible disruptions in the supply of raw materials after the aggravation of the situation in the Middle East. However, they suffered a big drop to $84.55 on the NYMEX.

[Tyler7]

Yesterday there was a rebound from the top of the rising channel, and so the price has fallen, the rate went up again today to its lower boundary, very well seen as oil well holds this sloping level, again keep buying, the goal - 86.78.

[forexking2]

Expected trading range for today is between: Support 82.00 Resistance 88.60
General tendency is expected for the day: Down

[hodhod2000]

The trading range expected for today is between the key support at 82.00 and the key resistance at 87.70.

The short-term trend is to the upside targeting 104.65 then 110.55 as far as week`s session closes above 78.00.

[adnanhm]

i think the chances of there because US will come down soon as fiscal clif on january one so let see what would be happen .. but for me it will come down in few days again

[poly]

High Dose Fish Oil Omega 3 Fish Oil Side Effects Studies 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. Five grams

[Bieela_cute]

Commodity Analysis: Crude has quieted down significantly since the volatile back to back days on 11/6 and 11/7. The emotional nature of the market at that point is consistent with exhaustion but the probability of an important low being in place diminishes with the passage of time.

Commodity Trading Strategy: Exceeding 8919 would warrant a bullish stance. Until then, respect potential for a test of 8363 or 80. The latter level is the 61.8% extension of the decline from the March high.

LEVELS: 8073 8209 8454 8721 8840 8919

[Tyler7]

Today, oil has shown significant growth, the price has managed to break almost without strong efforts medium resistance level 88.25 + - and to gain a foothold above 89 figures, while the main objective for the bulls is to break the resistance of 90.00 then 93.00 will open the way for the shape.

[ahmed fakhry]

The Oil prices rose to their highest level in nearly two weeks on fears that the tense situation in the Middle East could disrupt supplies of the Oil. The January futures price of U.S. light crude oil WTI rose to 89.75 dollars a barrel on the NYMEX.

[Vamos]

Yes indeed the price of oil rose slightly and that there is a level of resistance a little blurry but now the price slowly began to wrap ... I think in the coming days especially strong movements are not expected, but expect that the price could go back down to the supports at 86.70 ...

[Bieela_cute]

Commodity Analysis: I wrote yesterday that “crude rallied through the 11/6 high but market conditions aren’t conducive to extended moves. Today’s high is right at former support from the 10/15 low (circled). Fibonacci resistance begins at 9029.” The move didn’t just ‘not extend’ but it completely reversed. The market is trading violently on headlines but 84-85 is potential support.

Commodity Trading Strategy: Nothing for now.

LEVELS: 8404 8500 8616 8850 8976 9029

[ahmed fakhry]

The Egyptian President Mohammed Mursi said that the efforts on stopping the fighting between Israel and Palestinian factions in the Gaza Strip will be shown up very soon. Meanwhile, the January futures price of WTI retreated from month high and fell to 86.20 dollars a barrel on the NYMEX.

[niknik]

Commodity Analysis: The inside day near the midpoint of the recent range following the headline decline from the previous day may signal basing before crude makes another bull run. The rally from Wednesday’s low is impulsive and does warrant a constructive view against the Tuesday’s low.

Commodity Trading Strategy: Look higher against Tuesday’s low towards the top of the range.

LEVELS: 8404 8500 8616 8850 8976 9029

[ahmed fakhry]

Prices of Oil rose by 1.3 % after information on the bomb explosion, which occurred near a military headquarters in the commercial center of Israel, where at least 10 people were injured. Note also that the efforts to reach a peace agreement between Israel and Hamas have not been reached last night. The cost of oil was also supported after publication of report on amount of oil in oil stocks which fell by1.47 million barrels to 374.5 million levels for the week ending November 16. January futures price of WTI rose to 87.64 dollars a barrel on the New York Mercantile Exchange.

[yudi]

Oil prices have declined very sharply during August over the concerns of the US credit rating economic growth and the effect of the falls in the US stock markets

[VANDA_S]

http://sadpanda.us/images/1261002-DFWTNEM.png

On the H1 chart, the price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 86.80

[Vamos]

basically quite predicted pullback price goes from level to level, though slightly sews, now again as dropped to around 86.50 which previously held the price is very good, so I expect that from the 86.50 price will come up to the top to 89.50 ....

[tradergalau]

Yesterday, Oil can't break the both high or low of the Thursday's candle. Oil still moved in small range and formed a second inside bar. So, now the newest inside bar will be the focus point. If Oil can break the yesterday's high, Oil may goes up to the 89.28 resistance level. But if Oil can break the yesterday's low, Oil may falls to the 85.71 support level.

[mohamedsalah]

Yesterday, Oil can't break the both high or low of the Thursday's candle. Oil still moved in small range and formed a second inside bar. So, now the newest inside bar will be the focus point. If Oil can break the yesterday's high, Oil may goes up to the 89.28 resistance level. But if Oil can break the yesterday's low, Oil may falls to the 85.71 support level.

[tradergalau]

The World oil prices corrected today and the January futures price of WTI finished at 87.09 dollars a barrel on the New York Mercantile Exchange after a ceasefire on conflict between Israel and Palestinian militants, which lasted for about a week and took lives of at least 160 people was established at the region.
.:good:

[ahmed fakhry]

The World oil prices corrected today and the January futures price of WTI finished at 87.09 dollars a barrel on the New York Mercantile Exchange after a ceasefire on conflict between Israel and Palestinian militants, which lasted for about a week and took lives of at least 160 people was established at the region.

[HaQi]

I reckon yet the oil faculty also jump because more of its debt crisis in Europe and America, and surveillance out for tomorrow and the incoming day because there is news that can variety the oil run.

[suhermanto]

I think yet the oil present also lift because umpteen of its debt crisis in Europe and Land, and watch out for tomorrow and the next day because there is news that can achieve the oil move.

[Jobs]

Yes Oil can be seen as a bad work levels, though not entirely clear but the overall picture is clear ... a retreat from the support of 86.50 and the breakdown of the moving average is 200, and apparently the price is moving back to the resistance 89.60 ...

[poncoez]

Crude oil futures rose in U.S. trading on Friday after German business confidence data came in better than expected, fueling hopes the European economy may see better days ahead and demand more fuels and energy going forward.

Protests across Egypt spooked investors on fears unrest instability in the Mideast could threaten supply.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in January traded at USD88.13 a barrel on Friday, up 0.86%, off from a session high of USD88.52 and up from an earlier session low of USD86.75.

In Europe earlier, the German Ifo Institute reported that its index of business confidence jumped to 101.4 in November from 100.0 in October, beating expectations for a decline to 99.5.

The data came in the heels of a report revealing that Germany’s manufacturing purchasing managers’ index climbed to 46.8 in November from 46.0 in , beating out market forecasts for a 45.9 reading.

Germany's month-on-month gross domestic product grew 0.2% in the third quarter, in line with expectations.

The broader eurozone’s manufacturing purchasing managers’ index rose to 46.2 for November from 45.4 in October, above expectations for a reading of 45.6.

That data sparked demand for crude on sentiments the European economy may be on the mend somewhat and will need more fuels and energy in the future.

Oil also rose on fears Mideast unrest could escalate into a regional, multiplayer military campaign and disrupt global supply.

Egyptian President Mohammed Morsi gave himself sweeping new powers, which drew supporters and opponents clashing in the streets across the country days after a cease fire was declared between Israel and Hamas militants in the Gaza Strip.

On the ICE Futures Exchange, Brent oil futures for January delivery were up 0.45% and trading at USD111.05 a barrel, up USD22.92 from its U.S. counterpart.

[Tyler7]

Oil formed a rising channel, Friday was noted break 87.70 resistance and fortifications above the 200 moving, it seems the price looks to the north and the next week expect to be closer to the mark of 90.00 (it is about the upper limit of the channel).

[hariz]

I think eventually the oil gift also seem because galore of its debt crisis in Europe and Earth, and watch out for tomorrow and the incoming day because there is word that can represent the oil run.

[shohankst9]

I think Forex is a good business.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.Have a nice day.Thank you bro............................................... ...

[suhermanto]

The duet is gaining vista for the fifth succeeding day founded by seek dislike and down earthy oil prices. The tubing (WTI) is trading beneath $90 at the minimal stage since February.

[mohamedsalah]

Oil has been rejected by the support level at 87.43. But I think the rejection is not too strong. Basically Oil has an opportunity to rise with the target around 89.28 resistance level. But if Oil fall and can break 87.43 support level and also break the yesterday's low, Oil may decline to the lower support level at around 85.71.

[alecander]

I judge eventually the oil present also origination because galore of its debt crisis in Europe and America, and observe out for tomorrow and the next day because there is programme that can represent the oil change.

[niknik]

Commodity Analysis: Recent inside days near the midpoint of the range since late October may signal basing before crude makes another bull run. The rally from last Wednesday’s low is impulsive and does warrant a constructive view against Tuesday’s low (8616).

Commodity Trading Strategy: Look higher against 8616 towards the top of the recent range.

LEVELS: 8404 8500 8616 8850 8976 9029

[ahmed fakhry]

The Oil fell against the background of today's meeting of finance ministers in Brussels and the opening the "fiscal cliff� theme in the United States. The January futures price of WTI fell to 87.25 dollars a barrel on the NYMEX giving back all won position against the U.S. dollar on last Friday.

[muazafzal]

The lOil market fell slightly during the session on Monday, and we currently sit just below the $80.00 level. With this being said, we think that there is a significant amount resistance all the way up to the $92.00 handle above, and as such we are not interested in buying crude at this point.

The demand for crude oil has definitely been shrinking over time, and one of the few bullish driving forces behind it has been the conflicts in the Middle East. As these conflicts seem to cool down, with the exception of perhaps Syria, we should see oil prices start to drift lower. We are interested in selling this market, but do not see the set up presently. Anything below the $84.00 level would have us very short of this market, and rallies are to be sold that show signs of weakness

[Tyler7]

Oil on the hourly chart has formed a converging triangle, the lower boundary of this figure is made up of medium-sloping level of support is likely to be broken is its northern boundary, with the strengthening of which opened up the purchase, then open the way to 89.60, the South is not considered.

[cadetmaaz]

Oil market looks a little bit weak at the moment, and the fact that the Israelis and Hamas have their potential or, this has made a lot of the �risk premium� come out of the oil market.

It technically speaking, it does look like we are heading down to the $84.00 level eventually. We are looking for some type of rally to short at this point that shows signs of weakening. With this in mind, we are not ready to place our trade yet, but do see potential the short any signs of strength in this market. If we managed to get below $84.00, we think this market could fall as low as $78.00 in relatively short order.

[ahmed fakhry]

The Oil continued its second day of decline dropping on New York trading session amid forecasts of increasing of U.S Crude oil reserves and fears that a bailout plan for Greece could be disrupted. The January price of WTI futures fell to 86.81 dollars per barrel today.

[cadetmaaz]

Oil $88 level offered too much resistance for the buyers. However, we see quite a bit of support down to the $84.00 level and as such would not be shorting at this point. If you are short the market already, that�s one thing. However, if you are talking about getting into it now, that is completely different. We see the potential for supportive action in this general vicinity, and as such we are currently waiting for break down below $84, or a rally that we can fade that shows some type of weakness. It isn�t until we clear the $92 level that we feel strongly enough about buying in order to do so.

[ahmed fakhry]

The price of WTI Oil rebounded from the lows of 85.36, the lowest level since November 16 after the Energy Department report showed that the supplies unexpectedly fell last week. According to data in the U.S. Crude oil the amount of Oil in inventories fell by 0.347 million barrels with expected increase by 0.317 million barrels. The WTI managed to move up to 86.76 dollars a barrel on the NYMEX.

[Lily]

Oil also has a very interesting location, in the last few hours the price has grown, there is a great probability of a southern correction, price now come to an inclined medium level around which have significant activity bears on it and I expect to start the descent.

[cadetmaaz]

Oil Receives Minor Boost Following US Inventories Report

After falling by close to $1.50 a barrel to reach as low as $85.70 during European trading yesterday, the price of oil was able to stage a slight upward recovery following a lower than expected US Crude Oil inventories figure. US stockpiles fell by 300,000 barrels last week in a sign that demand has gone up. As a result, crude was able to bounce back to the $86.40 level during afternoon trading.

Today, oil traders will want to pay attention to the US Prelim GDP, Unemployment Claims and Pending Home Sales figures. Should any of the news come in above analyst expectations, speculations that demand for oil will go up may drive the price of oil higher.

[cadetmaaz]

Signs of Weakened US Demand Causes Oil Prices to Drop

The price of crude oil fell more than $0.70 a barrel during the European session yesterday, amid signs that demand in the US is weakening. As the world�s leading consuming country, demand for oil in the US tends to have a significant overall impact on prices. By the beginning of evening trading yesterday, the commodity had dropped as low as $87.10.

Today, oil traders will want to pay attention to the US Crude Oil Inventories figure, set to be released at 15:30 GMT. Analysts are forecasting that US inventories increased by around 400,000 barrels last week, which if true, would be a sign that demand has gone down and could result in additional bearish movement for crude.

---------- Post added at 06:49 PM ---------- Previous post was at 06:33 PM ----------

January crude oil closed lower on Wednesday but the high-range close sets
the stage for a steady to higher opening when Thursday's night session begins.
Stochastics and the RSI are turning neutral to bearish signaling that sideways
to lower prices are possible near-term. If January renews the decline off
September's high, the 87% retracement level of the June-September rally
crossing at 82.36 is the next downside target. Closes above the reaction high
crossing at 89.67 are needed to confirm that a short-term low has been posted.
First resistance is the reaction high crossing at 89.67. Second resistance is
the reaction high crossing at 93.98. First support is the 75% retracement level
of the June-September rally crossing at 85.06. Second support is the 87%
retracement level of the June-September rally crossing at 82.36.

[ahmed fakhry]

Oil rose for the first time in four days after the publication of the GDP report and on optimism that U.S. President Barack Obama would come to an agreement with Congress on a new budget. The January futures price of WTI rose to 88.66 dollars a barrel on the NYMEX today.

[Lily]

Again, I'm on oil purchase price was supported about 200 bulls moving - 87.60 level and then again started to grow, also worth noting is the fact that the oil on the daily chart for a long time to consolidate around sloping long-run and is now beginning to form a new wave of northern .

[cadetmaaz]

January crude oil was slightly higher overnight as it extends the trading
range of the past five weeks. Stochastics and the RSI are neutral to bearish
signaling that sideways to lower prices are possible near-term. If January
renews the decline off September's high, the 87% retracement level of the
June-September rally crossing at 82.36 is the next downside target. Closes
above the reaction high crossing at 89.80 are needed to confirm that a
short-term low has been posted. First resistance is the reaction high crossing
at 89.80. Second resistance is the reaction high crossing at 93.98. First
support is the reaction low crossing at 84.53. Second support is the 87%
retracement level of the June-September rally crossing at 82.36.

[gurmeet]

i think ager aap oil mai paisa krenge toh apko achi income earn ho skti haikyuki oil hmesha apko profit hi dega kyuki maine bhi oil mai pasia lgaya tha aur mujhe profit hi hua tha.

[Ar33797ic]

the short-term chart of oil is rising above resistance breakdown 88.75, so I think that the right will continue to rise from Monday 89.75 to marks ... and then have to look to any other force in the trend ...

[DooD]

Continue to hold the purchase of oil, the price worked fine Friday retreat from oblique support level and now again approached the 89.50 resistance area, now the main task of the bulls will be - to overcome this mark (then and still buy), it will open the way to 92.85.

[strangerboysgd]

kia hy is oil me. kia banafits hen is oil k. if you have any info. then please tell me about this oil.

[waleedb]

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

main is k bary me ni janta sorry

[DooD]

Oil formed a very clear rising channel, a few hours ago, there was a retreat from the upper boundary of the shape and now the formation of a new southern waves, to the lower back can be a sloping boundary of the channel - 86.00 - a figure, waiting for my entry point to sell.

[ahmed fakhry]

The January futures price of WTI fell to 88.74 dollars a barrel on the New York Mercantile Exchange after strengthening to the level of $90.30 a barrel on concerns about the budget deficit and talks about the upcoming "financial cliff ".

[piashfx]

buy #CL at 87.85 to 70 tp 88.35
but not 100% sure..........

[ahmed fakhry]

The price of oil futures rebounded today from the low of $87.90 per barrel level which confirmed 1% down fall today as concerns about the economy in general returned oil back into its latest trading range. The January futures price of WTI closed at 88.40 dollars per barrel on the NYMEX.

[DooD]

Oil continues to form the southern Demolition wave from the top of the rising channel, opened the sale, the price broke the 89.00 figure confidently then tested it for resistance and from it again went to the retreat, the main purpose is in 86.10 (the lower boundary of the channel).

[niknik]

“Crude failed to sustain yet another upside break. The rally reversed right at the 38.2% retracement of the decline from the September high (spot). The 10/15 low reinforces the area as one of importance.”

Commodity Trading Strategy: I wrote last week that “I’m uneasy doing anything in this arena other than range trading.” Failure at the top of the range warrants action. Look lower.

LEVELS: 8534 8650 8745 8915 9031 9222

[ahmed fakhry]

The Oil tried to bounce back to its recent highs after yesterday nasty spill. However, the situation has changed after the report of the U.S. Ministry of Energy showed reduction in crude oil inventories of 2.4 million barrels or 0.6 % to the level of 371.8 million barrels in the week ended by Nov. 30. The analysts expected decrease in stocks by only 1.25 million barrels. The cost of January futures price of WTI fell sharply to 87.46 dollars a barrel on the NYMEX updating the yesterday's low.

[DooD]

Oil movement in the south continues, the price continues to work hang from the top of the channel, there is a converging triangle formation, the price just did retreat from its upper border which made another run at the sale, at the break of 87.70 support will sell more.

[zohaibmalik]

Results Clq1nfp oil, after falling from $ 2.3 to Bell the results are disappointing ... In technical terms, but oil is at $ 95.80, where the shoulder neck line to break building has room to drop.

[niknik]

I wrote last update that “Crude failed to sustain yet another upside break. The rally reversed right at the 38.2% retracement of the decline from the September high (spot). The 10/15 low reinforces the area as one of importance.” The selloff has intensified but it’s no guarantee that 8550 gives way. The pattern remains inconclusive. The trend has been down since September and it’s probably best to treat trade since the November low as nothing more than consolidation before additional weakness.

Commodity Trading Strategy: Now nearing the bottom of the range, reward/risk isn’t favorable for new positions. Bearish risk should be moved down to today’s high.

LEVELS: 8363 8454 8534 8681 8745 8821

[fanikakkoo]

Crude Oil: sell at 88.800 tp 88.00, 87.25
stop: 89.42

[ahmed fakhry]

The cost of oil fell to deep lows on the comments of the ECB as well as the background of the fact that U.S. lawmakers could not still reach an agreement on the budget plan. The January futures price of WTI fell to 85.65 dollars per barrel on the New York Mercantile Exchange.

[DooD]

Oil my goal is reached, the price just went up to the lower border of the rising channel slope, around which are already noticeable stop in the area is 86.00 and figure, I think to turn the position to buy if you start forming new northern wave.

[fanikakkoo]

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

[fanikakkoo]

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

[niknik]

I wrote last update that “Crude failed to sustain yet another upside break. The rally reversed right at the 38.2% retracement of the decline from the September high (spot). The 10/15 low reinforces the area as one of importance.” The selloff has intensified but it’s no guarantee that 8550 gives way. The pattern remains inconclusive. The trend has been down since September and it’s probably best to treat trade since the November low as nothing more than consolidation before additional weakness.

Commodity Trading Strategy: Now nearing the bottom of the range, reward/risk isn’t favorable for new positions. Bearish risk should be moved down to today’s high.

LEVELS: 8363 8454 8534 8681 8745 8821

[fanikakkoo]

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

[DooD]

Climbed to purchase today for oil, the price went up to the lower border of the rising channel (which has already occurred several times retreat) about it already noticeable consolidation, another purchase plan to open at overcoming 200 moving, to think it may be the upper limit and channel.

[sholeh0500]

Oil Movement at the weekly chart formed dark cloud cover candlestick pattern with moderate RSI, stochastic moderate increase of volume tends to describe a bearish reversal of oil prices has been fully supported by the market. To further movement when seeing this pattern, there is a tendency of oil will continue bearish trend break test estimates the level of 85.35

[HaQi]

the combine is gaining ground for your own fifth consecutive day supported by risk aversion and falling crude oil costs. the barrel ( wti ) is trading below $90 with the lowest level since february.

[niknik]

“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.

Commodity Trading Strategy: 8550, the first target, has been hit. Now nearing the bottom of the range, reward/risk isn’t favorable for new positions. Bearish risk should be moved down to Monday’s high. Exceeding that level exposes bears to a run at 8745-8889.

LEVELS: 8221 8363 8454 8686 8745 8889

[Gold]

Once the oil yesterday hem sell signal (lower zone broke fractals) price is not fulfilled, this signal and has the support of 85.40 (week low) began to form a new wave of northern, now has to confirm the northern signal moving forward to break the blue alligator (86.00 resistance figure ) then the goal could be to at least 86.70.

[ahmed fakhry]

The January futures price of WTI rose to 86.60 dollars a barrel on the NYMEX for the first time in five days after China's crude oil imports increased in November to six-month high as well as German exports unexpectedly rose in October.

[ahmed fakhry]

The oil was quite volatile today in the New York trading session as German investor confidence index jumped in December to its seven-month high and approaching meeting of OPEC in Vienna, the results of which would by as applying limitations on oil production. The January futures price of WTI fell to 85.20 dollars a barrel than strengthened up to almost 86 level.

[Gold]

~~~~It is time to shop for oil, first price broke through the medium sloping resistance level (trend line), but that there was a break of the upper zone of fractals, + began practiced stochastics buy signal as a 4 hour and still on the daily chart.~~~~

[DooD]

Oil is worth catching just buying, the price broke through the strong resistance level of 86.65, a breakthrough took place with great force and volume of output, he opened the following objectives -87.60 (District 200 moving) and 89.00 figure, a 4 hour chart MASD also put northern signal.

[niknik]

“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.

Commodity Trading Strategy: 8550, the first target, was hit several days ago and the rest of the position was stopped out at Monday’s high. 8835/89 is estimated resistance to short into against 9031.

LEVELS: 8363 8454 8565 8765 8835 8889

[ahmed fakhry]

The Oil had extremely volatile session today on NYMEX, firstly falling when the report the Ministry of Energy showed unexpected increase in U.S. oil and gasoline inventories which grew twice stronger than forecast over the past week, secondly jumping up when the Fed was announcing its decision. The January futures price of light crude oil WTI closed at $86.73 a barrel.

[ahmed fakhry]

The price of U.S. light crude oil WTI on the NYMEX was down to 85.80 dollars per barrel. It fell after data showed that U.S. retail sales in November rose less than it was expected and number of applications for unemployment benefits dropped to minimum of the month.

[dollar]

time frame - H4
price level 87.85 is a offering a resistance that is not breaking.
now day the trend is also in down direction for this pair we can short this pair at 85.05 level with stop loss 87.85 and take profit is 84.00

[fanikakkoo]

Oil

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...

[Jobs]

Graph of oil now costs almost sideways but shows that hourly candles are clamped tightly to the resistance level of 87.90 so it is possible that the price will still punch, and of the estimated target for this movement .... 87.60..:)

[urza]

in reality, i'm what i trade on oil the least bit, not even gold and silver don't recognize why, though he is well known regarding his a few traders are trading their merely and are creating smart profits, however im thinking regarding trading them soon,, and shall continue my topic with you greetings

[Vamos]

Yes indeed oil broke above 86.90 resistance, and opened with gepom higher level ... so the first goal, this price increase to around 87.70, what will happen is hard to say ... but you need to watch the behavior of a plot near the important levels. ... and will do it to feel ...

[niknik]

http://i50.tinypic.com/wbq8nm.png
“The trend has been down since September and it’s probably best to look lower since the November low as nothing more than consolidation before additional weakness.” IF crude can sustain a downside break then focus (probably later in the month) would shift to the 78.6% retracement of the rally from 7726 and channel support. Also keep an eye on former trendline resistance, which indicated support on 11/28.

Commodity Trading Strategy: 8550, the first target, was hit several days ago and the rest of the position was stopped out at Monday’s high. 8835/89 is estimated resistance to short into against 9031.

LEVELS: 8363 8454 8565 8765 8835 8889

[suzonbmw03]

Dear Friends,Today,Initial support at 100.00 (Intraday Support) followed by 98.00 (Intraday Support). Initial resistance is now at 103.00 (Intraday resistance) followed by 105.00 (Intraday Resistance). 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 .

[Pioner3]

Oil was the formation of a converging triangle breakout is likely to happen is the northern boundary of the figure since the lower lows, higher and higher (bulls pull the price to the north), the breakout will mark 87.00 to 87.60 to buy.

[fanikakkoo]

Oil

Initial support at 95.00 (Intraday Support) followed by 92.50 (Intraday Support). Initial resistance is now at 98.00 (Intraday resistance) followed by 100.00 (Intraday Resistance)

[ahmed fakhry]

Oil: The January futures price of WTI rose to 87.68 dollars a barrel at the NYMEX today. Prices grew by 1%, after the House Speaker John Boehner proposed to raise income tax rates of households whose income is more than $ 1 million a year in exchange for control of expenses.

[Alex]

Oil a few hours ago has managed to overcome a strong mark (upper zone fractals) 87.60, now this level acted as a mirror level (resistance became support), most likely it will continue to form a new northern wave target 89.00.

[dollar]

Time frame - H1

analysis with stoch. indicator- stoch indicator is sowing this pair will become over sold and the may be change their direction and Macd indicator we can see some falling in movementum.

analysis with price chart- in price chart we can see that 88.00 is offering a good resistance by the price and moving average also. from here price will move down side short this with take profit 85.60 and stop loss is 88.00