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Time frame- H1
price level 90.00 is a resistanting level and the may be not breaked as per stoch indicator also. stoch indicator is reach in the rage of over sold and we can short this pair with cross out and can hold trade till 88.35
todays pivot points are-
Resistance 3- 92.53
Resistance 2- 91.21
Resistance 1- 90.44
Pivot point- 89.12
Support 1- 88.35
Support 2- 87.03
Support 3- 86.26
Oil: The cost of WTI February futures rose to 90.35 dollars a barrel on the NYMEX as the data showed that crude oil inventories fell by 964,000 barrels to a level of 371.650 billion barrels in the week ending on December 14.
Anyone agree with me when i said that when oil up, EURUSD up, and When Oil Down, EURUSD down... some curious but i think that is a really fact. What you think?!?!
Oil pleased with the strong growth of the north, the price just came close to the 90.00 figure around which has been building top-fractal, but is in no hurry to close the purchase (I will close out and possibly turn over the sale only when mounted below $ 89.46) and while I'm breaking 90.00 figures and future growth.
i said it will begin pumping inventory at Cushing, Oklahoma delivery point was not durable, risk appetite, trends quickly sink new WTI contract, which the European Union focused on sovereign power over the emotions weighing Continuing....
this is a trading pair and i think we should must be got knowledge about this and i think it will must be good and we should must be ready for this and try to understand this metal it is also a pairQuote:
Originally Posted by ganguly
Oil just went up to the strong resistance zone of 90.00 which has several times been observed retreat to the south, on the 4 hour and hourly charts MASD already showed a sell signal, is also prominent short stop + 90.00, very strong psychological figure, expect at least the southern correction stop around 90.30.
dear 4 days sy oper ko ja rha ha ku k ye kfi dino sy down rha ha ab ye apni position recover kr rha ha ye is wkt 89.88 py ha yer above jy ga meny jitny b pairs m is wkt post ki hain sari such ha i ku k m ye use krta ho kae mah sy ok
Oil strong rally from 85.20, 11 Dec low, has fully retraced 90.31/85.20 downleg at 90.31 yesterday, where bulls paused for correction on overbought hourly conditions. With daily studies moving into positive territory, fresh bull-phase could be anticipated, with clearance of 90.31 /42, range tops of 100.72/84.05 to open way towards targets at 91.46.
Today’s technical analysis
in h1 time frame the price is not able to break it lower resistance trend line so there is again a chance for long as signal is giving form chart and also from stoch we can hold trade tll 89.93 level.
Resistance 3- 91.86
Resistance 2- 91.20
Resistance 1- 90.59
Pivot point- 89.93
Support 1- 89.32
Support 2- 88.66
Support 3- 88.05